konduit presentation
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@ -166,6 +166,8 @@ style="display:flex;flex-direction:row;justify-content: space-around; align-item
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</ul>
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</div>
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<!--
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The classic complaints about (real) L1s
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You cannot walk into a cafe, say, and purchase a coffee on the L1.
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Ok its probably fine (we have no traffic, long rollbacks don't happen. wink emoji).
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But it shouldn't make sense: We cannot have all the nodes handling everyone's morning coffee purchase.
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@ -47,6 +47,8 @@ and has been proposed as a solution to the bitcoin scalability problem.
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:::
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<!--
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The classic complaints about (real) L1s
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You cannot walk into a cafe, say, and purchase a coffee on the L1.
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Ok its probably fine (we have no traffic, long rollbacks don't happen. wink emoji).
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But it shouldn't make sense: We cannot have all the nodes handling everyone's morning coffee purchase.
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116
stub.md
116
stub.md
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@ -1,116 +0,0 @@
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## Problem
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### Payments
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- A fundamental part of all commerce: payment.
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<!--
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A slightly trucated opening lines from the wikipedia page.
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Whoever provided or endorsed this version clearly thinks this point is moot.
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-->
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### Who?
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There are three parties involved in a payment
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- Consumer (ie payer)
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- Provider (ie payee)
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- Facilitator
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All of us are consumers, some are providers, a few are facilitators.
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### What users want
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> Users want secure, fast, low cost transactions
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However participants have different priorities, _eg_
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- Consumers want ease-of-use
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- Providers want fast confirmation
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- Facilitators need to handle at scale
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### Existing systems (1/2)
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- Cash: Permissionless, instant, scalable-ish (lots of people can use it at the same time, but only to pay people near them),
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questionable security (fraud happens).
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- Bank transfer: Permissioned, some instant others very slow, scalable.
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- Contactless/ Card: Permissioned, near instant, scalable
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### ... (2/2)
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- Decentralised Ledger \*: permissionless, maybe fast or scalable but generally not both.
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<span style="font-size: small">
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\* There are many different designs of decentralised ledger,
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each with different choices and trade-offs.
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Some permissioned, some more decentralised than others, some faster, _etc_.
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</span>
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### Market size
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- Contactless transactions will reach $11 trillion by 2027 <span style="font-size: small"> source : Juniper Research </span>
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- Market Cap for crypto : > $3 trillion <span style="font-size: small"> source : coinmarketcap.com (Dec 2024) </span>
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### Intersection
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> Can we have contactless like experience but permissionless.
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### Problem statement
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We want a payment system that is:
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1. Permissionless and secure
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2. Near instant
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3. Highly scalable
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### Bitcoin Lightning Network?
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In a lightning network:
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- The network is fundamentally a set of channels, not a shared ledger.
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- There is no need to reach consensus, or globally broadcasting state.
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- Payments are routed across channels by participants.
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- Speed of payment isn't a global property, but a more local one.
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BLN does this and is the closest to meeting our aims.
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### Problems with BLN
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However it has some issues:
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- Large technical and resource overhead to use. Every user must run a node.
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- Difficult to efficiently manage capital.
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Liquidity is required to enable payments to be routed across a network.
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Moving capital between channels requires multiple transactions.
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## Solution
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### Cardano Lightning
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### Design
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- A perturbation on BLN: its a Lightning Network
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- Focused on addressing the key technical blockers
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to it being used as a day-to-day payment system.
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### Tailored Nodes
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CL recognises a diversity users have a diversity of needs.
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- For consumers we have a lightweight node, minimal resources, and runs on their phone.
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- Some providers might be happy running their own servers, others wont.
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There's a flexible CL node + SDK to suit a full spectrum of usecases.
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### Leveraging Cardano
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- Cardano's more powerful scripting language allows
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us to achieve more with less. In particular we can optimize capital allocation for nodes.
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- For the facilitators, we have a node for efficient handling of many channels concurrently.
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Those with capital and wanting to put it to use become the facilitators.
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They receive income on the service they provide, each payment they facilitate in routing.
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## Team
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795
template.html
795
template.html
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@ -1,795 +0,0 @@
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<!DOCTYPE html>
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<html$if(lang)$ lang="$lang$"$endif$$if(dir)$ dir="$dir$"$endif$>
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<head>
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<meta charset="utf-8">
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<meta name="generator" content="pandoc">
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$for(author-meta)$
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<meta name="author" content="$author-meta$" />
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$endfor$
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$if(date-meta)$
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<meta name="dcterms.date" content="$date-meta$" />
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$endif$
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$if(keywords)$
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<meta name="keywords" content="$for(keywords)$$keywords$$sep$, $endfor$">
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$endif$
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<title>$if(title-prefix)$$title-prefix$ – $endif$$pagetitle$</title>
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<meta name="apple-mobile-web-app-capable" content="yes">
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<meta name="apple-mobile-web-app-status-bar-style" content="black-translucent">
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<meta name="viewport" content="width=device-width, initial-scale=1.0, maximum-scale=1.0, user-scalable=no, minimal-ui">
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<link rel="stylesheet" href="$revealjs-url$/css/reveal.css"/>
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$if(highlightjs)$
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<link rel="stylesheet"
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href="$highlightjs$/$if(highlightjs-theme)$$highlightjs-theme$$else$default$endif$.css"
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$if(html5)$$else$type="text/css" $endif$/>
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<script src="$highlightjs$/highlight.js"></script>
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$endif$
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$if(highlighting-css)$
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<style type="text/css">
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$highlighting-css$
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</style>
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$endif$
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$if(theme)$
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<link rel="stylesheet" href="$revealjs-url$/css/theme/$theme$.css" id="theme">
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$if(theme-dark)$
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<style type="text/css">
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.reveal section img {
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background: rgba(255, 255, 255, 0.85);
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}
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$endif$
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<!-- some tweaks to reveal css -->
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<style type="text/css">
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.reveal h1 { font-size: 2.0em; }
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.reveal .slides>section,
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padding: 0px 0px;
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$if(center)$
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.reveal .title {
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margin-top: 125px;
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border-width: 1px;
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<style type="text/css">code{white-space: pre;}</style>
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$if(css)$
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$for(css)$
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<link rel="stylesheet" href="$css$"/>
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$endfor$
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$endif$
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<!-- Printing and PDF exports -->
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<script id="paper-css" type="application/dynamic-css">
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/* Default Print Stylesheet Template
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by Rob Glazebrook of CSSnewbie.com
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Last Updated: June 4, 2008
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Feel free (nay, compelled) to edit, append, and
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manipulate this file as you see fit. */
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This would include navigation, ads, sidebars, etc. */
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Consider using a serif font for readability. */
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font-family: Georgia, "Times New Roman", Times, serif !important;
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color: #000;
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/* SECTION 4: Set heading font face, sizes, and color.
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Differentiate your headings from your body text.
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Perhaps use a large sans-serif for distinction. */
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Ensure links are underlined, and consider appending
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the URL to the end of the link for usability. */
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||||
a:link,
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/*
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.reveal a:link:after,
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*/
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ul, ol, div, p {
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visibility: visible;
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overflow: visible;
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margin: 0;
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text-align: left !important;
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.reveal pre,
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<script id="pdf-css" type="application/dynamic-css">
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/**
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||||
* This stylesheet is used to print reveal.js
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* presentations to PDF.
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*
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* https://github.com/hakimel/reveal.js#pdf-export
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|
||||
-webkit-perspective-origin: 50% 50%; /* there isn't a none/auto value but 50-50 is the default */
|
||||
-moz-perspective-origin: 50% 50%;
|
||||
-ms-perspective-origin: 50% 50%;
|
||||
perspective-origin: 50% 50%;
|
||||
}
|
||||
|
||||
.reveal .slides section {
|
||||
page-break-after: always !important;
|
||||
|
||||
visibility: visible !important;
|
||||
position: relative !important;
|
||||
display: block !important;
|
||||
position: relative !important;
|
||||
|
||||
margin: 0 !important;
|
||||
padding: 0 !important;
|
||||
box-sizing: border-box !important;
|
||||
min-height: 1px;
|
||||
|
||||
opacity: 1 !important;
|
||||
|
||||
-webkit-transform-style: flat !important;
|
||||
-moz-transform-style: flat !important;
|
||||
-ms-transform-style: flat !important;
|
||||
transform-style: flat !important;
|
||||
|
||||
-webkit-transform: none !important;
|
||||
-moz-transform: none !important;
|
||||
-ms-transform: none !important;
|
||||
transform: none !important;
|
||||
}
|
||||
|
||||
.reveal section.stack {
|
||||
margin: 0 !important;
|
||||
padding: 0 !important;
|
||||
page-break-after: avoid !important;
|
||||
height: auto !important;
|
||||
min-height: auto !important;
|
||||
}
|
||||
|
||||
.reveal img {
|
||||
box-shadow: none;
|
||||
}
|
||||
|
||||
.reveal .roll {
|
||||
overflow: visible;
|
||||
line-height: 1em;
|
||||
}
|
||||
|
||||
/* Slide backgrounds are placed inside of their slide when exporting to PDF */
|
||||
.reveal section .slide-background {
|
||||
display: block !important;
|
||||
position: absolute;
|
||||
top: 0;
|
||||
left: 0;
|
||||
width: 100%;
|
||||
z-index: -1;
|
||||
}
|
||||
|
||||
/* All elements should be above the slide-background */
|
||||
.reveal section>* {
|
||||
position: relative;
|
||||
z-index: 1;
|
||||
}
|
||||
|
||||
/* Display slide speaker notes when 'showNotes' is enabled */
|
||||
.reveal .speaker-notes-pdf {
|
||||
display: block;
|
||||
width: 100%;
|
||||
max-height: none;
|
||||
left: auto;
|
||||
top: auto;
|
||||
z-index: 100;
|
||||
}
|
||||
|
||||
/* Display slide numbers when 'slideNumber' is enabled */
|
||||
.reveal .slide-number-pdf {
|
||||
display: block;
|
||||
position: absolute;
|
||||
font-size: 14px;
|
||||
}
|
||||
|
||||
</script>
|
||||
|
||||
|
||||
<script>
|
||||
var style = document.createElement( 'style' );
|
||||
style.type = 'text/css';
|
||||
var style_script_id = window.location.search.match( /print-pdf/gi ) ? 'pdf-css' : 'paper-css';
|
||||
var style_script = document.getElementById(style_script_id).text;
|
||||
style.innerHTML = style_script;
|
||||
document.getElementsByTagName('head')[0].appendChild(style);
|
||||
</script>
|
||||
|
||||
$for(header-includes)$
|
||||
$header-includes$
|
||||
$endfor$
|
||||
</head>
|
||||
<body>
|
||||
$for(include-before)$
|
||||
$include-before$
|
||||
$endfor$
|
||||
<div class="reveal">
|
||||
<div class="slides">
|
||||
|
||||
$if(title)$
|
||||
<section>
|
||||
<h1 class="title">$title$</h1>
|
||||
$if(subtitle)$
|
||||
<h1 class="subtitle">$subtitle$</h1>
|
||||
$endif$
|
||||
$for(author)$
|
||||
<h2 class="author">$author$</h2>
|
||||
$endfor$
|
||||
$if(date)$
|
||||
<h3 class="date">$date$</h3>
|
||||
$endif$
|
||||
</section>
|
||||
$endif$
|
||||
$if(toc)$
|
||||
<section id="$idprefix$TOC">
|
||||
$toc$
|
||||
</section>
|
||||
$endif$
|
||||
|
||||
$body$
|
||||
</div>
|
||||
</div>
|
||||
|
||||
<script src="$revealjs-url$/lib/js/head.min.js"></script>
|
||||
<script src="$revealjs-url$/js/reveal.js"></script>
|
||||
|
||||
<script>
|
||||
|
||||
// Full list of configuration options available at:
|
||||
// https://revealjs.com/config/
|
||||
Reveal.initialize({
|
||||
$if(controls)$
|
||||
// Display controls in the bottom right corner
|
||||
controls: $controls$,
|
||||
$endif$
|
||||
$if(progress)$
|
||||
// Display a presentation progress bar
|
||||
progress: $progress$,
|
||||
$endif$
|
||||
$if(slideNumber)$
|
||||
// Display the page number of the current slide
|
||||
// - true: Show slide number
|
||||
// - false: Hide slide number
|
||||
//
|
||||
// Can optionally be set as a string that specifies the number formatting:
|
||||
// - "h.v": Horizontal . vertical slide number (default)
|
||||
// - "h/v": Horizontal / vertical slide number
|
||||
// - "c": Flattened slide number
|
||||
// - "c/t": Flattened slide number / total slides
|
||||
slideNumber: $slideNumber$,
|
||||
$endif$
|
||||
$if(history)$
|
||||
// Push each slide change to the browser history
|
||||
history: $history$,
|
||||
$endif$
|
||||
$if(keyboard)$
|
||||
// Enable keyboard shortcuts for navigation
|
||||
keyboard: $keyboard$,
|
||||
$endif$
|
||||
$if(overview)$
|
||||
// Enable the slide overview mode
|
||||
overview: $overview$,
|
||||
$endif$
|
||||
$if(center)$
|
||||
// Vertical centering of slides
|
||||
center: $center$,
|
||||
$endif$
|
||||
$if(touch)$
|
||||
// Enables touch navigation on devices with touch input
|
||||
touch: $touch$,
|
||||
$endif$
|
||||
$if(loop)$
|
||||
// Loop the presentation
|
||||
loop: $loop$,
|
||||
$endif$
|
||||
$if(rtl)$
|
||||
// Change the presentation direction to be RTL
|
||||
rtl: $rtl$,
|
||||
$endif$
|
||||
$if(fragments)$
|
||||
// Turns fragments on and off globally
|
||||
fragments: $fragments$,
|
||||
$endif$
|
||||
$if(embedded)$
|
||||
// Flags if the presentation is running in an embedded mode,
|
||||
// i.e. contained within a limited portion of the screen
|
||||
embedded: $embedded$,
|
||||
$endif$
|
||||
$if(help)$
|
||||
// Flags if we should show a help overlay when the questionmark
|
||||
// key is pressed
|
||||
help: $help$,
|
||||
$endif$
|
||||
$if(autoSlide)$
|
||||
// Number of milliseconds between automatically proceeding to the
|
||||
// next slide, disabled when set to 0, this value can be overwritten
|
||||
// by using a data-autoslide attribute on your slides
|
||||
autoSlide: $autoSlide$,
|
||||
$endif$
|
||||
$if(autoSlideStoppable)$
|
||||
// Stop auto-sliding after user input
|
||||
autoSlideStoppable: $autoSlideStoppable$,
|
||||
$endif$
|
||||
$if(mouseWheel)$
|
||||
// Enable slide navigation via mouse wheel
|
||||
mouseWheel: $mouseWheel$,
|
||||
$endif$
|
||||
$if(hideAddressBar)$
|
||||
// Hides the address bar on mobile devices
|
||||
hideAddressBar: $hideAddressBar$,
|
||||
$endif$
|
||||
$if(previewLinks)$
|
||||
// Opens links in an iframe preview overlay
|
||||
previewLinks: $previewLinks$,
|
||||
$endif$
|
||||
$if(transition)$
|
||||
// Transition style
|
||||
transition: '$transition$', // none/fade/slide/convex/concave/zoom
|
||||
$endif$
|
||||
$if(transitionSpeed)$
|
||||
// Transition speed
|
||||
transitionSpeed: '$transitionSpeed$', // default/fast/slow
|
||||
$endif$
|
||||
$if(backgroundTransition)$
|
||||
// Transition style for full page slide backgrounds
|
||||
backgroundTransition: '$backgroundTransition$', // none/fade/slide/convex/concave/zoom
|
||||
$endif$
|
||||
$if(viewDistance)$
|
||||
// Number of slides away from the current that are visible
|
||||
viewDistance: $viewDistance$,
|
||||
$endif$
|
||||
$if(parallaxBackgroundImage)$
|
||||
// Parallax background image
|
||||
parallaxBackgroundImage: '$parallaxBackgroundImage$', // e.g. "'https://s3.amazonaws.com/hakim-static/reveal-js/reveal-parallax-1.jpg'"
|
||||
$endif$
|
||||
$if(parallaxBackgroundSize)$
|
||||
// Parallax background size
|
||||
parallaxBackgroundSize: '$parallaxBackgroundSize$', // CSS syntax, e.g. "2100px 900px"
|
||||
$endif$
|
||||
$if(parallaxBackgroundHorizontal)$
|
||||
// Amount to move parallax background (horizontal and vertical) on slide change
|
||||
// Number, e.g. 100
|
||||
parallaxBackgroundHorizontal: '$parallaxBackgroundHorizontal$',
|
||||
$endif$
|
||||
$if(parallaxBackgroundVertical)$
|
||||
parallaxBackgroundVertical: '$parallaxBackgroundVertical$',
|
||||
$endif$
|
||||
$if(width)$
|
||||
// The "normal" size of the presentation, aspect ratio will be preserved
|
||||
// when the presentation is scaled to fit different resolutions. Can be
|
||||
// specified using percentage units.
|
||||
width: $width$,
|
||||
$endif$
|
||||
$if(height)$
|
||||
height: $height$,
|
||||
$endif$
|
||||
$if(margin)$
|
||||
// Factor of the display size that should remain empty around the content
|
||||
margin: $margin$,
|
||||
$endif$
|
||||
$if(minScale)$
|
||||
// Bounds for smallest/largest possible scale to apply to content
|
||||
minScale: $minScale$,
|
||||
$endif$
|
||||
$if(maxScale)$
|
||||
maxScale: $maxScale$,
|
||||
$endif$
|
||||
|
||||
$if(plugin-menu)$
|
||||
menu: {
|
||||
$if(menu-side)$
|
||||
side: $menu-side$,
|
||||
$endif$
|
||||
$if(menu-numbers)$
|
||||
numbers: $menu-numbers$,
|
||||
$endif$
|
||||
$if(menu-titleSelector)$
|
||||
titleSelector: $menu-titleSelector$,
|
||||
$endif$
|
||||
$if(menu-hideMissingTitles)$
|
||||
hideMissingTitles: $menu-hideMissingTitles$,
|
||||
$endif$
|
||||
$if(menu-markers)$
|
||||
markers: $menu-markers$,
|
||||
$endif$
|
||||
$if(menu-openButton)$
|
||||
openButton: $menu-openButton$,
|
||||
$endif$
|
||||
$if(menu-openSlideNumber)$
|
||||
openSlideNumber: $menu-openSlideNumber$,
|
||||
$endif$
|
||||
$if(menu-keyboard)$
|
||||
keyboard: $menu-keyboard$,
|
||||
$endif$
|
||||
custom: false,
|
||||
themes: false,
|
||||
transitions: false
|
||||
},
|
||||
|
||||
$endif$
|
||||
|
||||
$if(plugin-chalkboard)$
|
||||
|
||||
chalkboard: {
|
||||
$if(chalkboard-src)$
|
||||
src: $chalkboard-src$,
|
||||
$endif$
|
||||
$if(chalkboard-readOnly)$
|
||||
readOnly: $chalkboard-readOnly$,
|
||||
$endif$
|
||||
$if(chalkboard-toggleNotesButton)$
|
||||
toggleNotesButton: $chalkboard-toggleNotesButton$,
|
||||
$endif$
|
||||
$if(chalkboard-toggleChalkboardButton)$
|
||||
toggleChalkboardButton: $chalkboard-toggleChalkboardButton$,
|
||||
$endif$
|
||||
$if(chalkboard-transition)$
|
||||
transition: $chalkboard-transition$,
|
||||
$endif$
|
||||
$if(chalkboard-theme)$
|
||||
theme: '$chalkboard-theme$',
|
||||
$endif$
|
||||
$if(chalkboard-color)$
|
||||
color: $chalkboard-color$,
|
||||
$endif$
|
||||
$if(chalkboard-background)$
|
||||
background: $chalkboard-background$,
|
||||
$endif$
|
||||
$if(chalkboard-pen)$
|
||||
pen: $chalkboard-pen$,
|
||||
$endif$
|
||||
},
|
||||
|
||||
keyboard: {
|
||||
67: function() { RevealChalkboard.toggleNotesCanvas() }, // toggle notes canvas when 'c' is pressed
|
||||
66: function() { RevealChalkboard.toggleChalkboard() }, // toggle chalkboard when 'b' is pressed
|
||||
46: function() { RevealChalkboard.clear() }, // clear chalkboard when 'DEL' is pressed
|
||||
8: function() { RevealChalkboard.reset() }, // reset chalkboard data on current slide when 'BACKSPACE' is pressed
|
||||
68: function() { RevealChalkboard.download() }, // downlad recorded chalkboard drawing when 'd' is pressed
|
||||
},
|
||||
$endif$
|
||||
|
||||
// Optional reveal.js plugins
|
||||
dependencies: [
|
||||
$if(plugin-notes)$
|
||||
{ src: '$revealjs-url$/plugin/notes/notes.js', async: true },
|
||||
$endif$
|
||||
$if(plugin-search)$
|
||||
{ src: '$revealjs-url$/plugin/search/search.js', async: true },
|
||||
$endif$
|
||||
$if(plugin-zoom)$
|
||||
{ src: '$revealjs-url$/plugin/zoom-js/zoom.js', async: true },
|
||||
$endif$
|
||||
$if(plugin-chalkboard)$
|
||||
{ src: '$revealjs-url$/plugin/chalkboard/chalkboard.js', async: true },
|
||||
$endif$
|
||||
$if(plugin-menu)$
|
||||
{ src: '$revealjs-url$/plugin/menu/menu.js', async: true },
|
||||
$endif$
|
||||
]
|
||||
});
|
||||
</script>
|
||||
$if(mathjax-url)$
|
||||
<!-- dynamically load mathjax for compatibility with self-contained -->
|
||||
<script>
|
||||
(function () {
|
||||
var script = document.createElement("script");
|
||||
script.type = "text/javascript";
|
||||
script.src = "$mathjax-url$";
|
||||
document.getElementsByTagName("head")[0].appendChild(script);
|
||||
})();
|
||||
</script>
|
||||
$endif$
|
||||
|
||||
<script>
|
||||
(function() {
|
||||
if (window.jQuery) {
|
||||
Reveal.addEventListener( 'slidechanged', function(event) {
|
||||
window.jQuery(event.previousSlide).trigger('hidden');
|
||||
window.jQuery(event.currentSlide).trigger('shown');
|
||||
});
|
||||
}
|
||||
})();
|
||||
</script>
|
||||
|
||||
$for(include-after)$
|
||||
$include-after$
|
||||
$endfor$
|
||||
|
||||
</body>
|
||||
</html>
|
||||
Loading…
Reference in New Issue