A Brazillian computer programmer built a Coca-Cola vending machine that accepts bitcoin payments over the Lightning Network (LN).
Ricardo Reis described his feat in a Medium post on Oct. 2, in which he also mentioned the accessories that were employed to create the bitcoin-enabled Coke portal. In addition to applied programming techniques and vending machine hardware that could take instructions from the user-interface, Reis also used the Lightning Network to enable faster and cheaper bitcoin transactions.
Unlike a normal bitcoin transaction, which gets recorded and verified on a public blockchain, the LN adds a secondary layer to create a payment channel that does not require transactions to be confirmed by the main blockchain until the users close the channel. Thus, users can make a series of the transactions without needing miners’ confirmation. Once they close the payment channel on the Lightning network, its cumulative output gets recorded and verified on the main bitcoin ledger.
Cryptocurrency developers Joseph Poon and Thaddeus Dryja had introduced Lightning Network as a solution to bitcoin’s slow on-chain transactions that were supposedly hampering its growth among merchants. Reis’ efforts simply illustrated the process with a real-world example as simple as a Coca-Cola vending machine.
A simpler front-end makes up for a complex backend. The Coke vending machine features a simple interface, with a bitcoin wallet QR code of the receiver. People looking to purchase a beverage must scan the QR via their bitcoin wallet apps, enter the amount, and send it. The machine sends the payment confirmation upon receiving the funds, which should not take more than a minute, and Coke starts to pour in the glass underneath the device.
“In BTCPAY I create the invoice (payment button), so it generates a Lightning Network QR code for payment,” Reis wrote. “I also set up a return URL (notification.php), which is the destination BTCPAY will inform when a purchase order has any changes, such as payment receipt.”
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Last modified (UTC): October 3, 2018 22:19