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Pay Fees Using Any Currency With Transaction Relay

By

Brianne

Rivlin

WriterETHNews.com

Transaction Relay allows fees of Ethereum contracts and transactions to be paid with any currency.

Transaction Relay (currently in Alpha mode) allows users to pay fees of Ethereum contracts and transactions using any currency or token (EIP20 compatible).

Paying transaction fees with any currency may prove to be more convenient for users. Transaction Relay has two roles:

  • Requester- the user who wants to issue a transaction and pay with a token. The request is signed and broadcasted over Whisper.
  • Relayer- the user who picks up the transaction and is willing to deploy it in exchange for the tokens proposed.

With ‘pay-to-play’ the issuer of the transaction needs to be able to own Ether to pay for the interaction. According to their GitHub, the Transaction Relay presents other possible applications. Their model enables third parties to take in the fee cost by issuing tokens to registered addresses. This could be useful for applications where users aren’t expected pay with Ether for transactions that interact with a specific Dapp or smart contract. It could also be used for controlled interactions- e.g., giving a user 10 free roulette spins, or accepting a number of free post submissions per day from a registered user in a forum.

Transaction Relay simply enables transactions to be paid 'natively'. To learn more, head over to their GitHub.

Brianne Rivlin

Brianne Rivlin has been writing within the internet field for over seven years. During the last few years, she has been heavily influenced by blockchain tech, virtual currencies, and Ethereum.

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