EbbNet
Money streaming represents the idea of continuous payments over a finite period of time. A provider sets up a money streaming contract. A prospective payer can interact with the contract and start the stream right away by depositing the funds required for the chosen period. The payee is able to withdraw money from the contract based on its ongoing solvency payment rate * verified delay function (current block height - starting block height) The stream terms (payment rate, length, metadata) can be updated at any time if both parties pledge their signatures. The stream can be stopped at any point in time by any party without on-chain consensus. If the stream period ended and it was not previously stopped by any party, the payee is entitled to withdraw all the deposited funds. Block Numbers are used as a proxy of time to continuously update balances. Block Numbers are indexed by On-chain randomness produced by verified delay functions
About EbbNet
- Money streaming represents the idea of continuous payments over a finite period of time.
- A provider sets up a money streaming contract.
- A prospective payer can interact with the contract and start the stream right away by depositing the funds required for the chosen period.
- The payee is able to withdraw money from the contract based on its ongoing solvency
- payment rate * verified delay function (current block height – starting block height)
- The stream terms (payment rate, length, metadata) can be updated at any time if both parties pledge their signatures.
- The stream can be stopped at any point in time by any party without on-chain consensus.
- If the stream period ended and it was not previously stopped by any party, the payee is entitled to withdraw all the deposited funds.
- Block Numbers are used as a proxy of time to continuously update balances.
- Block Numbers are indexed by On-chain randomness produced by verified delay
functions
