D’CENT Wallet integrates transaction request protocol (EIP681).
Hello D’CENT Fam!👋
We are excited to announce our latest update which integrates EIP681, a transaction request protocol that can be used to request crypto payments by URL. Transaction request protocol is supported for Ethereum, Polygon, and many more Ethereum EVM-compatible networks that are available in D’CENT Wallet.
What is EIP681? (aka. transaction request protocol)
EIP681 is an Ethereum Improvement Proposal that defines a standardized method of requesting payments in ether or ERC20 tokens. The protocol uses a standardized URL format for payment requests that instantly invokes the user’s wallet app populated with the correct transaction information of the payment which can only be confirmed by the (authenticated) user.
How does it work?
D’CENT Wallet support EIP681 in the method of using the dynamic link. Below is an example of how the service flow looks when USER#1 makes a request for payment to USER#2.
1) USER#1 creates transaction detail with a payment request in the amount of 0.5 MATIC. In this example, the transaction detail is created in a QR code form and this information is presented to USER#2.
2). USER#2 scans the QR code using the camera (QR scanner) of the mobile phone. When scanned, the D’CENT App will be triggered with the payment request transaction details such as the requested amount and the beneficiary address (USER#1 wallet address) populated automatically.
3). USER#2 would simply double-check all the transaction details and then confirm the transfer by authenticating himself.
D’CENT Developer’s Guide
For detailed information about the EIP681 integration in the D’CENT Wallet, please refer to the developer’s guide.
https://dev-docs.dcentwallet.com/dynamic-link/eip-681-transaction-payment-request
This blog is for educational purposes only. Information presented here, including projects or brands mentioned, is informative and not financial, legal, or tax advice. While we strive for accuracy, we cannot be held liable for any inaccuracies. Cryptocurrencies are inherently risky. Do your own thorough research and consider consulting a financial advisor for investment decisions aligned with your goals and risk tolerance. External links may be present and we are not responsible for their content or practices. Review their terms of service and privacy policies.
