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Transitive Network: A tokenless layer-2 network for Ethereum
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README.md Update to work on latest systems Feb 28, 2019
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README.md

Transitive Network Smart Contract

In this project, we plan to build the Transitive Network, a layer-2 payment network aiming to congregate the functionality of credit networks (e.g., IOweYou debt links in Ripple) and payment-channel networks (e.g., Lightning Network) without requiring any new token. The Transitive Network will be thereby a complementary scalable blockchain approach with key advantages in terms of performance, economic cost and security and privacy guarantees. The Transitive Network will thus provide Ethereum with a tool to attract the businesses currently associated to Bitcoin and Ripple, first and third cryptocurrencies in the current market capitalization.

This repository contains the prototype implementation of the transitive network in Ethereum using smart contracts. The smart contract is written in solidity. The prototype uses Truffle for development and testing the smart contracts. This prototype is not final as it is continually being improved and issues are fixed.

DISCLAIMER: THE CODE IN THIS REPOSITORY IS A RESEARCH PROTOTYPE. PLEASE DO NOT USE IT IN PRODUCTION.

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