This section introduces:
- What the Bitmark payment flow looks like
bitmarkdvalidates a transaction that requires a payment from the Bitcoin or Litecoin blockchain
When a user submits a new transaction to the Bitmark blockchain via RPC,
bitmarkd will process it and return transaction details that include payment information.
Someone then needs to pay for the Bitmark transaction using either the Bitcoin or Litecoin blockchain, in accordance with the payment information. This transaction must include the payment id returned by
bitmarkd as part of the cryptocurrency transaction’s
Once the Bitmark blockchain detects a payment transaction from either blockchain, it marks the target Bitmark transaction as verified and waits for miners to put it into a block.
Reservoir is the module that is used for validating and storing transactions.
Processing a new transaction
When a new transaction is submitted to the Bitmark blockchain by RPC, it will be processed either by
StoreTransfer, according to the type of the transaction. This processing checks for the existence of the transaction and also generates a payment id.
Generating a payment id
StoreIssues function packs issue records as binary data. This packed data is concatenated together and hashed by the SHA3 algorithm. The result of that hashing becomes the payment id.
StoreTransfer works in the same way for transfer records; the only difference is that there will only be one transaction record in a transfer request.
Changing the state of a paid transaction
bitmarkd detects a payment transaction from either blockchain, it invokes the function
SetTransferVerified from Reservoir. The target Bitmark transaction is marked as verified and made available for miners to put it into a block.
Pending and Verified Structures
The following structures manage all of the payment-related transaction states in
bitmarkd. They assist
bitmarkd in validating payments for transactions.
Pending Stuctures. When a transaction initially comes in, Reservoir checks it and saves it into pending structures. If it is a valid new transaction, it will be saved in
pendingIndex with its transaction id as a key. Reservoir will also add another record with its payment id as key, based on the type of transaction.
pendingTransactions map[pay.PayId]*transactionPaymentData pendingFreeIssues map[pay.PayId]*issueFreeData pendingPaidIssues map[pay.PayId]*issuePaymentData pendingIndex map[merkle.Digest]pay.PayId
Verified Structures. Once the Bitmark blockchain detects a payment transaction from the Bitcoin or Litecoin blockchain, pending transactions are be moved to verified structures.
verifiedTransactions map[pay.PayId]*transactionData verifiedFreeIssues map[pay.PayId]*issueFreeData verifiedPaidIssues map[pay.PayId]*issuePaymentData verifiedIndex map[merkle.Digest]pay.PayId
Verified transactions are collected periodically to form a block foundation. The block data is broadcasted to a
recorderd so that a block can be generated.
The payment module defines how
bitmarkd handles payment transactions from the Bitcoin and Litecoin blockchains. When the payment module is initialized, a background process is launched to check blockchain transactions using a mechanism defined in the configuration file.
There are three mechanisms that can be used to allow
bitmarkd to validate payments for transactions.
- Using RPC APIs
- Using Discovery Service
- Using Bitcoin peer-to-peer protocol (WIP)
Using RPC APIs
The Bitcoin and Litecoin daemons provide RPC APIs that can be used to invoke and query transactions on those blockchains. This is the simplest way to monitor transactions from the Bitcoin and Litecoin blockchains. Using this method,
bitmarkd will check the block header for the cryptocurrency blockchains periodically. When a block reaches certain confirmation,
bitmarkd will pull the block data and scan all transactions in it. If a transaction contains an
OP_RETURN starting with
6a30, it will be treated as a potential payment transaction and sent to Reservoir for pending transaction validation.
The main drawback of this method is that Bitmark node runners will need to host a full node for both the Bitcoin and Litecoin blockchains. This consumes both computational power and storage because it requires recording of each blockchain’s block data and validation of the healthiness of both chains.
Using Discovery Service
Discovery is an open-source service that is built on top of blockchain nodes. It watches and extracts all potential payment transactions from both the Bitcoina dn Litecoin blockchains simultaneously. It also provides an abstract interface using the zeromq PUBSUB pattern, so that
bitmarkd can listen to only related transaction, without traversal of whole blocks.
Using Bitcoin peer-to-peer protocol (WIP)
Bitcoin P2P protocol is the mechanism that Bitcoin daemons use to communicate with each other on the network. By using this protocol,
bitmarkd doesn’t need to rely on specific centralized nodes. instead, the validation process is decentralised. With lessons learned from the SPV client, Bitmark only keeps block headers for blockchains. All detected payment transactions are then sent to Reservoir by the function
SetTransferVerified. This dramatically reduces storage costs compared to hosting a full node for Bitcoin and Litecoin.