This article was first published on Stories by Raiden Network on Medium
As you might be aware, the Red Eyes release entails certain feature limitations including the requirement to always be online. Ithaca will include services and features which will make the usage of Raiden more convenient:
- The pathfinding service will increase the odds of finding a quick or cheap route through the network.
- The monitoring service will watch channels and allow users to go offline.
- Users will be able to earn fees by mediating payments through their open channels.
In the following paragraphs, we will give a brief overview of the functionalities and implementations, which the development team is currently working on.
Monitoring Service (MS)
Monitoring services can watch open payment channels when the user is not online. In case one of the user’s channel partners wants to close a channel while the user is offline, the monitoring service sends the latest balance proof to the channel smart contract and thus ensures the correct settlement of the channel.
Pathfinding Service (PFS)
Pathfinding services can support users in finding e.g. the cheapest or shortest way to route a payment through the network. A pathfinding service relies on data from the network, the respective smart contract as well as information provided voluntarily by mediating nodes. This information consists of the mediation fees charged and the respective available channel capacities. In the current design, the user will be able to select the shortest or cheapest route. The pathfinding service will improve with the number of mediating nodes sharing their updates.
Raiden Service Bundle (RSB) Registry
The RSB registry is planned to list all service providers, which are offering monitoring and/or pathfinding services. The development progress of the Raiden services can be followed in the respective Raiden ...
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Stories by Raiden Network on Medium