Proposal for Standardizing State Channel Interfaces
Hello Magicians!
After several years of work in the domain of state channels, we believe the time has come to take a significant step towards standardizing their interface. These interfaces have been rigorously tested across various real-world use cases and have demonstrated their capability to express state channel mechanisms in a unified and simplified manner. With this proposal, we seek feedback from the community.
Abstract
State channels are a layer-2 scaling solution that enables participants to execute transactions off-chain while retaining the security guarantees of the Ethereum network. By allowing parties to interact directly through signed messages and committing only the final result on-chain, state channels significantly reduce gas costs and improve transaction throughput.
Our work consolidates the intricate mechanics of state channels into a clear, modular framework, which we now propose for standardization.
Motivation
Standardizing a common domain language and interface for state channels can have profound benefits. It will enable a small but growing community of developers and researchers to communicate more effectively. A standardized SDK will reduce redundancy we have seen.
The modular design of our proposed interface ensures flexibility, allowing developers to implement diverse protocol rule sets without being constrained by the core framework. This approach supports a wide range of use cases while establishing a solid foundation.
Call to Action
We humbly invite your feedback, suggestions, and constructive criticism on this proposal.
Reference implementation :
Looking forward to the discussion,
Louis