We are excited to announce that we have launched the first version of STK Payment Channel on Ethereum Mainnet!
After multiple internal and external security audits and a year of development, we are finally on the Ethereum Mainnet. Even though it has been audited by an external auditor, we advise users to limit the amount of tokens in the payment channel as a security measure. Our smart contract is audited by ChainSecurity and the full details can be found here.
What does being on Mainnet mean?
Previously, we were testing our payment solution on Kovan; therefore, it only works with ERC20 tokens that are deployed on Kovan network. It is a Proof of Authority (PoA) testnet blockchain for Ethereum. Decentralized applications are typically deployed on testnets before being deployed on the Mainnet since it would be very expensive to test features and identify security vulnerability.
Now, our payment solution works on Mainnet with every ERC20 tokens which have real economic value.
Our First Payment Channel on the Mainnet! 🎉
Our First Payment Channel Settled on the Mainnet! 🎉
Important Details on Deploying the Payment Channel for Developers
Documentation on how to deploy a new contract with web3.js
MultiLibrary.sol (Mainnet): 0xEFb5E4F4A1D0157a63D521ABbb78ffF71dAbaCe3
We value feedback as it will benefit teams using STK Payment Channel and the broader Ethereum ecosystem. If you find bugs or have feature requests, please open an issue on our Github.