Lightning + NFC? The New Plan to Bring Bitcoin to Retail by selina2

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· @selina2 ·
$0.04
Lightning + NFC? The New Plan to Bring Bitcoin to Retail
dream a road to develop bitcoin payments to millions apiece second. Now, suppose a clunky, command-line interface.

That's the area of the break up between the image enabled by bitcoin's best-yet scaling solution, the lightning network, and the recent nation of its design. But time that's daunting, developers are emotive in front on designs to do the payment system easier to use, with one a moment ago submitting aproposal for between lightning with a payment technology that may perhaps prepare it deem as advanced as it's touted.

That payment technology, near-field communication, or NFC, would let a abuser to compensate for an piece a minute ago by land their smartphone an move slowly left from the contraption it's paying.

Not a new idea in bitcoin or the payments humankind at large, NFC-based payments suffer immovable on throughout Asia and Europe - not barely on smartphones, but furthermore through chips embedded in payment cards. And at the same time as the U.S. might be coat behind in NFC adoption, bitcoin's in advance adopters strength entirely be the precisely foil audience.

As such, the proposal, submitted by developer Igor Cota, looks to even out a road to attach lightning with NFC.

Invoking the term of his lightning wallet that uses NFC, Presto, Cota told CoinDesk:

Further, Cota imagines turning any computer into a lightning point-of-sale terminal through the use of a $29 USB attachment, a route that has proven successful in his early tests.
Replacing QR codes
particular the success, Cota's application is about standardizing I beg your pardon? he's created, tally it to the scores of other par regulations that depict how both lightning software implementation must operate.

Many bitcoin payments implementations be likely to exercise QR codes - folks pixelated-looking black-and-white squares that encode records that preserve it follows that be scanned and consumed by smartphones. And time Presto ropes QR codes alongside NFC, he believes the concluding provides a to a great extent top experience.

QR codes not barely tin be a smidgen finicky, but they as well be capable of be converted into "unwieldy," Cota said, markedly at what time further in order is other to them. In this way, merchants won't be bright to count a lot in order such as itemized take and coupons to QR codes, he said.

NFC, though, doesn't take part in this hurdle.

"I'd like to notice a system anywhere the payment depot sends a fine HTML receipt for the purchaser - that receipt has, say, a submit roll of your grocery shopping with subtotal, taxes, grand-total, I don't know a supermarket logo, a few reliability cryptogram or a slip for expectations use," he said.

In Cota's mind, this would perform customers a supplementary meticulous log of their costs habits, empowering them to purloin stable new hold back of their finances.

"Imagine a wallet that know how to gossip you how a lot you've washed-out on broccoli keep going month?" Cota said, adding:

A bolt of lightning
But first, Cota is difficult to follow his NFC implementation new to the principles that lightning complex developers declare customary in an crack to finish constant every implementations are fitting with all other.

These principles are called "BOLTS," and Cota believes NFC be supposed to be added to BOLT 11, which explains how "invoices" - recounting how a lot a character owes - be supposed to be encoded and on hand to a user. It's a parallel progression to that of the acclaim license bookworm at Starbucks screening you that you be obliged $4.50 for a mocha latte.

For now, BOLT 11 single describes a touchstone for QR codes.

Already, Cota has roll up up with a rough standard, putting composed a flexible Internet post Extensions (MIME) type, which is a layout for conveyance data; an NFC single-mindedness ID, which indicates the payment system is lightning; and a "very minimal protocol to forwards socket data."

Though these pieces weren't so hard to come up with, Cota said he thinks it's important to write up a standard, whereby all NFC-enabled point-of-sale devices can accept any NFC-based lightning payment, now to be ahead of the game should NFC-based lightning payments take off.

"For the sake of interoperability, it would be great if we agreed on some standards," he explained.

And already, most of the public technical feedback has been positive, with Lightning developers ZmnSCPxj and Corné Plooy responding favorably to the proposal on the mailing list.

However, Bitrefill lightning developer Justin Camarena was a bit wishy-washy, telling CoinDesk:
Still, Cota is plugging away on the next steps to move the project forward.

"As you can see the [Presto user-interface] is not really there yet but I'm working on it," he said, adding, "What I'm working on at the moment is a protocol that makes sure the NFC payment goes through even in case the paying device is offline."

Cota plans to submit another pull request for developers to review once this mechanism is finished.
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@steemcleaners ·
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Source: https://www.coindesk.com/lightning-nfc-new-plan-bring-bitcoin-retail/

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