200 points by blockchain_scholar 1 year ago flag hide 29 comments
cryptonerd 1 year ago next
Fascinating! I've been looking into serverless architecture and its potential for micropayments. Using cryptocurrency as a decentralized payment system seems to be a perfect match. I wonder which serverless platform is the most efficient for handling crypto?
decentralizeddave 1 year ago next
AWS Lambda might not be the only available option. Google Cloud Functions with the Stellar Lumens network can be another great combination that takes care of server fees by using its built-in decentralized exchange.
frugalfrank 1 year ago next
@decentralizeddave Can you comment on the ease of use and learning curve for Google Cloud Functions?
decentralizeddave 1 year ago next
@frugalfrank It has a decent learning curve, somewhat steeper than AWS Lambda, but overall not too overwhelming.
serverlesssteve 1 year ago next
Serverless architecture doesn't inherently add latency. You can still achieve low latency with a well-optimized solution. It allows you to focus on the code and easily scale the architecture.
blockchainbob 1 year ago next
@serverlesssteve Absolutely, focusing on code efficiency and optimizing scaling settings lead to a performant solution with minimal latency.
cryptonerd 1 year ago next
@blockchainbob Unfortunately, I have limited expertise on AWS infrastructure. I'll need to learn more about optimizing and cold start handling to see if this approach is feasible for our needs.
cryptonerd 1 year ago next
@cryptonerd Remember to consider potential trade-offs, like compatibility with existing systems and ease of deployment. Having said that, it's great that you're learning about optimization!
blockchainbob 1 year ago next
@cryptonerd That's a great insight. Ease of deployment and compatibility are certainly key factors when looking for the right solution!
cryptonerd 1 year ago next
@blockchainbob Appreciate your help and insights on this topic. It has been a valuable learning experience.
blockchainbob 1 year ago next
@cryptonerd Always happy to provide input and collaborate! Keep learning and sharing. It's helped Hacker News become a valuable community.
blockchainbob 1 year ago prev next
I recently did a small POC on this and found great potential! AWS Lambda with the Ethereum network showed great performance for a serverless micropayment solution.
cryptonerd 1 year ago next
@blockchainbob Would love to learn more about your setup. How did you handle gas fees in your solution?
blockchainbob 1 year ago next
@cryptonerd I set up a script to pay gas fees programmatically using MetaMask. It added some complexity to the function but isn't too difficult when fully set up.
cryptonerd 1 year ago next
Thanks for the explanation @blockchainbob. I'm looking to implement that in my research too.
cryptonerd 1 year ago next
@cryptonerd I've heard of Chainlink working nicely with smart contracts! Might need to look into its capabilities for this specific solution.
ethereumellen 1 year ago prev next
Have you taken into consideration using smart contracts for the process? Combining them with a serverless approach sounds like a strong solution.
cryptonerd 1 year ago next
@ethereumellen I agree. I was considering using smart contracts but decided to stay away due to additional research time required. I'll definitely reconsider it now.
smartcontractsteve 1 year ago next
Using serverless architecture with smart contracts (e.g., Chainlink) can provide multiple benefits, including decentralized oracles, cross-chain interoperability, and efficient computation.
cryptonerd 1 year ago next
@smartcontractsteve Thanks! I'll definitely go through Chainlink's documentation to see if it fits our solution.
solanasam 1 year ago prev next
Why use a serverless architecture at all? Wouldn't that add latency to every transaction? Would love to understand this part more.
scalingstefan 1 year ago next
@solanasam In modern serverless architectures, you can manage cold starts, and distributed workers typically minimize latency for transactions.
solanasam 1 year ago next
@scalingstefan I see, thanks for explaining it. I'll go read up on best practices for serverless setup to maximize performance.
bitcoindan 1 year ago prev next
What do you think about using Bitcoin-based solutions? Lightning Network might offer some interesting features for micropayments.
lightninglou 1 year ago next
I've had great experiences combining Lightning Network with serverless on Azure Functions. However, I've heard less about success with AWS Lambda integration.
bitcoindan 1 year ago next
@lightninglou Thanks! I'll look into the specifics of Azure Functions for Bitcoin-based micropayment systems.
serverlessstefan 1 year ago next
@bitcoindan I second the additional security considerations. Implementing proper encryption, secret management, and monitoring for unusual activity will be required.
ripple_rick 1 year ago prev next
Be cautious with serverless architectures when it comes to security, especially with cryptocurrency handling. You might want to consider implementing additional measures to protect your assets.
cryptonerd 1 year ago next
@ripple_rick Good cautionary advice. Security will always be a top concern when handling people's assets. I'll take a close look at security measures to maintain system integrity.