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libtxchain-java | chain Bitcoin payments library in Java | Blockchain library

 by   aakselrod Java Version: Current License: Non-SPDX

 by   aakselrod Java Version: Current License: Non-SPDX

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kandi X-RAY | libtxchain-java Summary

libtxchain-java is a Java library typically used in Retail, Blockchain, Bitcoin applications. libtxchain-java has no bugs, it has no vulnerabilities, it has build file available and it has low support. However libtxchain-java has a Non-SPDX License. You can download it from GitHub.
This is a proof of concept implementation of chained payment channels with two phase commit as described at https://bitcointalk.org/index.php?topic=152334. One caveat is that participants will have to lock bitcoins into payment channels. This can reduce supply available for sale and drive a higher exchange rate as this payment mechanism is adopted within the Bitcoin economy without requiring additional Bitcoin adoption. However, it can also create risk of loss of bitcoins, as bitcoins locked into a contract are not stored offline. This means that potential vulnerabilities may cause destruction or theft of value. The current version is only a proof of concept, and not at all usable for anything but very basic experimentation. If there's enough interest, I'll rewrite it into a usable library and set up a repository, issue tracker and wiki. I'm busy with paying work and family, and my Java skills are quite rusty, so it'll take some time. I will accept code contributions that are released to the public domain. If payment processors or exchanges are interested in integrating this into their service offering, I can offer assistance. LinkedIn http://www.linkedin.com/in/alexakselrodrva BitcoinTalk https://bitcointalk.org/index.php?action=profile;u=38311.
Support
Support
Quality
Quality
Security
Security
License
License
Reuse
Reuse

kandi-support Support

  • libtxchain-java has a low active ecosystem.
  • It has 12 star(s) with 15 fork(s). There are 6 watchers for this library.
  • It had no major release in the last 12 months.
  • libtxchain-java has no issues reported. There are no pull requests.
  • It has a neutral sentiment in the developer community.
  • The latest version of libtxchain-java is current.
libtxchain-java Support
Best in #Blockchain
Average in #Blockchain
libtxchain-java Support
Best in #Blockchain
Average in #Blockchain

quality kandi Quality

  • libtxchain-java has 0 bugs and 0 code smells.
libtxchain-java Quality
Best in #Blockchain
Average in #Blockchain
libtxchain-java Quality
Best in #Blockchain
Average in #Blockchain

securitySecurity

  • libtxchain-java has no vulnerabilities reported, and its dependent libraries have no vulnerabilities reported.
  • libtxchain-java code analysis shows 0 unresolved vulnerabilities.
  • There are 0 security hotspots that need review.
libtxchain-java Security
Best in #Blockchain
Average in #Blockchain
libtxchain-java Security
Best in #Blockchain
Average in #Blockchain

license License

  • libtxchain-java has a Non-SPDX License.
  • Non-SPDX licenses can be open source with a non SPDX compliant license, or non open source licenses, and you need to review them closely before use.
libtxchain-java License
Best in #Blockchain
Average in #Blockchain
libtxchain-java License
Best in #Blockchain
Average in #Blockchain

buildReuse

  • libtxchain-java releases are not available. You will need to build from source code and install.
  • Build file is available. You can build the component from source.
  • libtxchain-java saves you 366 person hours of effort in developing the same functionality from scratch.
  • It has 873 lines of code, 58 functions and 6 files.
  • It has high code complexity. Code complexity directly impacts maintainability of the code.
libtxchain-java Reuse
Best in #Blockchain
Average in #Blockchain
libtxchain-java Reuse
Best in #Blockchain
Average in #Blockchain
Top functions reviewed by kandi - BETA

kandi has reviewed libtxchain-java and discovered the below as its top functions. This is intended to give you an instant insight into libtxchain-java implemented functionality, and help decide if they suit your requirements.

  • Initiates the transaction .
    • Creates a transaction with the specified amount of transaction .
      • Closes this channel .
        • Reserves a channel from the peer .
          • Get the state of this channel .
            • Initialize the Peer .
              • Assigns a payment for a peer to a peer .
                • Signs all the inputs to this transaction .
                  • Check if channels can be closed .
                    • Initializes a new payment channel .

                      Get all kandi verified functions for this library.

                      Get all kandi verified functions for this library.

                      libtxchain-java Key Features

                      Instant low-trust payments from one party to any other using the same payment intermediary or (eventually) a connected intermediary without requiring storage of funds with the intermediary

                      Instant, indirect micropayments open up use cases such as instant point of sale payments for small purchases like a stick of gum in a vending machine, and micropayments to peers in peer-to-peer networks or access points in mesh networks for allocation of resources

                      Escrow support is built-in

                      Payments can happen even when the network hash rate drops catastrophically, with the caveat that channels can't be established or torn down without network confirmation

                      Allows intermediary operators to earn Bitcoin-denominated income on their bitcoins, hopefully funding full nodes that don't have to mine to earn money

                      Permits exchanges (including small, ad-hoc ones) where each trade doesn't require a new on-chain transaction but the server can't run with your money

                      Compile and run snapshot of bitcoind at https://github.com/aakselrod/bitcoin/tree/stdpreimage

                      Run it with the "regtest=1" option enabled in bitcoin.conf

                      Run "bitcoind setgenerate true" about 120 times to generate blocks

                      Run this project (it's set up for Maven as its dependencies are, too)

                      Send coins to the addresses for ep1, ep2 and im (endpoints and intermediary)

                      Run "bitcoind setgenerate true" enough times for the program to end

                      Use a local block explorer to look at the output

                      Community Discussions

                      Trending Discussions on Blockchain
                      • Why Metamask if web3.js can interact directly with ganache?
                      • How to get all the NFTs of particular smart contract
                      • I am not able to use ipfs
                      • Interacting With Contract Web3.js
                      • Should I use the elrond devnet instead of the testnet for development?
                      • Trying to run "brownie run .\scripts\deploy.py --network rinkeby" but getting a ValueError
                      • I want to get the address from mnemonic with the proper derivation path
                      • error in ganache installation: The term 'ganache-cli' is not recognized as the name of a cmdlet, function, script file, or operable program
                      • Truffle installation error: "install latest visual studio version"
                      • Why am I getting this error Error: Transaction reverted without a reason string. When trying to swap tokens on uniswap?
                      Trending Discussions on Blockchain

                      QUESTION

                      Why Metamask if web3.js can interact directly with ganache?

                      Asked 2022-Mar-30 at 17:55

                      I am new to blockchain app development, I saw a project where ganache accounts are imported into Metamask, then web3.js is used to access and print those accounts and balances on Frontend (user interface).

                      If web3.js can directly access ganache blockchain accounts and balances, why do we need Metamask in between?

                      ANSWER

                      Answered 2022-Feb-08 at 09:11

                      If web3.js can directly acccess ganache blockchain accounts and balances, why we need metamask in between?

                      In this case, you don't need MetaMask to sign the transaction, as the node (Ganache) holds your private key.

                      But in a public environment (testnets and mainnet), the node doesn't hold your private key, so you'd need to sign the transaction using MetaMask (or any other tool that holds the private key).

                      Source https://stackoverflow.com/questions/70952165

                      Community Discussions, Code Snippets contain sources that include Stack Exchange Network

                      Vulnerabilities

                      No vulnerabilities reported

                      Install libtxchain-java

                      You can download it from GitHub.
                      You can use libtxchain-java like any standard Java library. Please include the the jar files in your classpath. You can also use any IDE and you can run and debug the libtxchain-java component as you would do with any other Java program. Best practice is to use a build tool that supports dependency management such as Maven or Gradle. For Maven installation, please refer maven.apache.org. For Gradle installation, please refer gradle.org .

                      Support

                      For any new features, suggestions and bugs create an issue on GitHub. If you have any questions check and ask questions on community page Stack Overflow .

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