Post
Topic
Board Development & Technical Discussion
Re: Bi-directional micro payment channels with single party bitcoin locking?
by
h4xx0r
on 07/10/2014, 12:43:19 UTC
Mike Hearn's initial wiki article for Micropayment channels is unidirectional, i.e. the payment can flow only from one party to another and not in the reverse direction.

Example 7, https://en.bitcoin.it/wiki/Contracts

Is there a protocol that allows micropayments to flow in both directions? The solution of creating 2 channels with Bitcoins locked up by both parties is obviously valid, and I am looking for something different.

Is there a way by which, only one party locks up bitcoins, opens up a channel with another party, and the micropayments can flow in both directions?

Well, something like the websocket protocol could be used. It's a bidirectional communication protocol on top of tcp/ip.