As the tech guy of the Web Monetized Multimedia -project I’m happy to join the community and be part of building the new web, the way it always was meant to be: from the people to the people, without corporate intermediaries controlling the exchange.
I've been following the cryptocurrency space almost from its inception, and it feels magical to work with technology that streams multiple subdecimal transactions per second for each user. Transactions per second comparisons definitely were a big thing back in the day and now each user can have the same level of performance that used to exist only for the whole network!
In our Web Monetized Multimedia project we are building tools that allow media content creators, and people who build platforms for content creators, to access this technology as easily as possible. The end result will be UI components with clear and simple API that can be embedded to any website.
There will also be a backend component that verifies the transactions and sends the media to the browser only if a required amount of transactions have actually taken place. This gives the content creators more security in controlling their creations and allows modifying the user experience based on the value of transactions.
Figuring out the best way to implement this backend verification has been the biggest hurdle in our research phase. We started experimenting by connecting to interledger network using moneyd, but later opted to using receipt verification instead. Interledger livenet connections are currently permissioned because of fiat gateways, and thus using webmonetization.org's receipt verifier enables much simpler implementation for newcomers. Still, more advanced users can install their own receipt-verifier service and get even more security and robustness in their system if they so choose to.
With the research phase behind us we are excited to be building these new tools and hopefully soon showing them to the whole community!
Top comments (6)
This is an exciting update Jussi! It is clear that for WM to start to gain adoption, we need more distributed technology solutions and more pathways for people to build systems for themselves with ILP and WM standard. So far the ecosystem is still so small it sometimes feels like its having a chilling effect on the possibilities. Projects like yours are working to expand what can be done.!
I honestly just checked Interledger.js repo, I missed out on this!
Thanks for sharing!
Hey guys, any Github links to checkout ?
Not yet, but very very soon there will be ;)