Description
TL;DR: A cross-cryptocurrency payment architecture designed to let the buyer spend one coin while the seller receives another.
About This Document
The proposed NAGA platform connects multiple blockchain networks and includes exchange functionality using real-time rates. Its goal is to reduce checkout friction when a merchant expects one cryptocurrency but a customer holds a different one.
Why Bitcoin People May Care
Crypto payments become awkward the moment ‘accepts cryptocurrency’ turns into ‘accepts exactly this asset on exactly this network.’ This paper tackles that compatibility problem at the architecture level and provides a useful counterpoint to single-network Bitcoin and Lightning payment systems.
What You Receive
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Document Details
- Title: NAGA: A Multi-Blockchain Architecture for Cryptocurrency Payments
- Author / organization: International Journal of Electrical and Computer Engineering (IJECE)
- Year: 2022
- Document type: Payment-system research paper
- Pages: 12
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