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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