BatPay: a gas efficient protocol for the recurrent micropayment of ERC20
tokens
- URL: http://arxiv.org/abs/2002.02316v1
- Date: Thu, 6 Feb 2020 15:43:52 GMT
- Title: BatPay: a gas efficient protocol for the recurrent micropayment of ERC20
tokens
- Authors: Hartwig Mayer, Ismael Bejarano, Daniel Fernandez, Gustavo Ajzenman,
Nicolas Ayala, Nahuel Santoalla, Carlos Sarraute, Ariel Futoransky
- Abstract summary: BatPay is a proxy scaling solution for the transfer of ERC20 tokens.
It is suitable for micropayments in one-to-many and few-to-many scenarios.
- Score: 0.35132824436572674
- License: http://creativecommons.org/licenses/by-nc-sa/4.0/
- Abstract: BatPay is a proxy scaling solution for the transfer of ERC20 tokens. It is
suitable for micropayments in one-to-many and few-to-many scenarios, including
digital markets and the distribution of rewards and dividends. In BatPay, many
similar operations are bundled together into a single transaction in order to
optimize gas consumption on the Ethereum blockchain. In addition, some costly
verifications are replaced by a challenge game, pushing most of the computing
cost off-chain. This results in a gas reduction of the transfer costs of three
orders of magnitude, achieving around 1700 transactions per second on the
Ethereum blockchain. Furthermore, it includes many relevant features, like
meta-transactions for end-user operation without ether, and key-locked payments
for atomic exchange of digital goods.
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