For the past several years, the Interledger Protocol (ILP) has been used very effectively among a small group of early adopters. However, many developers still can’t access the network due to the difficulty of peering with an existing participant.
To overcome this challenge, Interledger co-founder and Coil’s CEO Stefan Thomas has been coding away over the past few months working on Dassie, an open-source project that combines ILP and peer-to-peer technology to make it easier for developers to experiment with and build on Interledger without gatekeepers standing in the way.
Dassie will let developers create nodes and send micropayments with ILP, paving the way for the creation of innovative use cases in areas like machine learning, paid APIs, smart contracts, and more.
Dassie will connect cryptocurrencies such as XRP, Bitcoin, and Ethereum, but more currencies will soon follow. And since Dassie is open source, other developers will be able to add support for additional cryptocurrencies and networks as well.
Why cryptocurrency and not fiat currency? Simply because crypto offers existing liquidity and lower barrier to entry peer-to-peer networks.
If you want to learn more, mark your calendar for Stefan’s livestreamed presentation at the Interledger Summit on November 12, during which he’ll discuss his work on Dassie and explore potential use cases for Interledger.