Introducing ARCC: Allowable Revocable Contract Chain System for Bitcoin Cash
Hi Everyone!
I recently shared a solution called ARCC on bitcoincashresearch.org. It's a way to mimic pull/revoke mechanism on Bitcoin Cash. It allows one party to be able to control the flow of funds and still give restricted access to another party to spend that money based on restrictions of time and amount.
The design makes it possible for the contract to be aware of time and amount, making a vast set of applications possible, such as: Streaming Services, Recurring Payments, Pay as you use, etc.
- Introduction Blog: https://read.cash/@kiok46/introducing-arcc-11eb12b8
- Whitepaper and Contract(Still in testing): https://github.com/kiok46/arcc
- Demo(React App): https://github.com/cashkit/arcc-poc
- Understanding ARCC, a contract chain system(Technical): https://read.cash/@kiok46/understanding-arcc-a-contract-chain-system-15475185
Please feel free to provide any feedback for improvements. https://bitcoincashresearch.org/t/introducing-arcc-allowable-revocable-contract-chain-system-for-bitcoin-cash/522
The goal of sharing it at multiple places is to get a feedback as soon as possible. Mostly for any Security issues/ Edge cases/ Missed logical cases/ Incorrect analogy or simply 'This doesn't work'. :D
Cheers!
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