Quote from: nioc on February 13, 2016, 01:21:17 PM

Yes they state.........

we will be releasing a free version of the library that allows almost any device (not just a Bitcoin Computer!) to engage in device-to-device micropayments with any other device.

So will this be code open source? Cool

The code is based upon previous open source payment channels with some improvements. They are releasing the code free to use shortly but haven't clarified under what license. Regardless of what license it is released under any improvements can easily be backported into other open source payment channels that they built upon.

Here are other solutions that existed before -

https://bitcore.io/api/channel/
https://bitcoinj.github.io/working-with-micropayments
https://github.com/streamium/streamium
https://bitcoin.org/en/developer-guide#micropayment-channel

They just made some slight improvements --

https://www.reddit.com/r/Bitcoin/comments/45inzs/true_micropayments_with_bitcoin/czyav45

Quote from: BalajiSrinivasan

Our implementation does cover that low-level use case with both a library and a corresponding command line tool.

However, what we are really focused on is a higher-level use case - namely, making micropayments easy.