Decentralized Payment refers to a transaction system where value transfer occurs directly between participants without reliance on central financial intermediaries. It uses distributed ledger technology for recording and validating transfers.
Mechanism
Funds are transferred via cryptographic addresses on a blockchain, with network nodes verifying each transaction against the protocol rules. Once verified, the transaction becomes immutable and is permanently recorded on the distributed ledger, removing any single point of control.
Methodology
The system relies on a peer-to-peer network architecture and consensus mechanisms, such as Proof-of-Work or Proof-of-Stake, to secure the transaction history. Smart contracts can automate payment logic, enabling programmable money and escrow services without traditional third parties.
This integration architects a decentralized value transfer protocol directly into a scaled, existing user network, enabling frictionless microtransactions.
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