Base

our collaboration with @shopify showcases the power of smart contracts, and the expressivity of the @ethereum EVM in particular.

key verbs like Authorize, Capture, Charge, Void, Reclaim, and Refund are expressed as tight units of business logic in Solidity code.

Ethereum is the world computer. The universal platform for cryptocurrencies, blockchain apps, stablecoins, and decentralized technologies.

the core is the AuthCaptureEscrow contract, facilitating payments with the 2-step pattern of “authorization” and “capture” that credit cards use.

Head of Product @base // classical composooor
Directed opportunism x Things occurring of themselves

the core is the AuthCaptureEscrow contract, facilitating payments with the 2-step pattern of “authorization” and “capture” that credit cards use.

https://t.co/gTfgN6AhZJ

- Authorization places a hold on the payer's funds temporarily

- Capture distributes payment to the merchant

- an Operator facilitates payment state transitions, with cryptographic authorization from the payer and confirmation signals from the merchant

now buyers and sellers, merchants and markets, can build robust payment flows, without needing to give custody to a centralized processor.

fully open source, tested, and audited, leveraging Ethereum open standards like ERC3009, and available for anyone anywhere to build upon.

together with @shopify we’re bringing commerce onchain: faster, cheaper, and more global.

all powered by USDC on @base.

the building blocks are ready.

what will you imagine?

https://github.com/base/commerce-payments/blob/main/docs/README.md

https://t.co/UU5WTl99tz

Explore the EIPs / ERCs mentioned in this cast:

fully open source, tested, and audited, leveraging Ethereum open standards like ERC3009, and available for anyone anywhere to build upon.

https://t.co/5mHHy1z3Sb