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DevConf.IN'19 has ended
DevConf.IN is the annual Developer’s Conference organized by Red Hat, India. The event provides a platform to the FOSS community participants and enthusiasts to come together and engage in knowledge sharing activities through technical talks, workshops, panel discussions, hackathons and much more.

All you have to do is a FREE registration here. There is no admission or ticket charges applicable to be a part of the event. All the event activities will be in English.

We are committed to foster an open and welcoming environment for everyone at our conference. We have our inclusive code of conduct and media policies, which we expect to be duly adhered during the event.

When: August 2-3, 2019

Venue: Christ University - Bengaluru, India

Click here for more updates about DevConf.

Registration Link: https://devconfin19.eventbrite.com

Last Date of Registration: 31st July, 2019

We request you to mark the talks you’re interested to help save time.
Saturday, August 3 • 2:00pm - 2:30pm
Offchain instant payments using Lightning Network

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In a shared economy where a person gets paid for lending goods,we need to ensure that the person who is using the goods has sufficient funds to use it as well as make sure that the payment is happening as per the duration of usage.This can be done using bitcoin but it has some drawbacks like high transaction fee & latency in a transaction.One of the possible ways to do such micropayments with less transaction fee is using the lightning network by creating a channel between the owner & the user which is a 2-of-2 multisig address where the user deposits the required amount of coins to ensure that he has sufficient funds.The payment will be done based on the duration of usage & only creation & closing of channels involves a fee which reduces the fee & the off-chain mechanism reduces latency.

Speakers
avatar for Sahana Krishna Karki

Sahana Krishna Karki

Project Engineer, Wipro Limited
Blockchain developer at wipro limited
KJ

Keerthana Jayakumaran

Project Engineer, Wipro Limited
Blockchain developer at wipro limited