EbbNet

EbbNet

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Money streaming represents the idea of continuous payments over a finite period of time. A provider sets up a money...

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

Supported Chains

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