Introduction to everPay

What is everPay

everPay is everFinance's cross-chain payment settlement protocol that provides real-time, low-fee token payment settlements for users and merchants. everPay locks crypto assets from public chains into smart contracts and maps them into everPay to provide real-time payment settlements for users.

With the advantage of low transaction cost, 1 USD can perform millions of transactions. In addition, the protocol is built using the stored consensus paradigm without the performance limitations of blockchains. The TPS of everPay depends on the application architecture and server performance which can be comparable to traditional Internet applications.

The ledger of everPay transactions is transparent and trustworthy. Anyone can verify the ledger to ensure the validity and non-falsifiability of transactions. Using everPay SDK, you can quickly integrate everPay’s protocol to provide real-time streamlined token transfers to your application:  everPay SDK.

Real-time Token Payment and Settlement

Transactions are verified and stored by the everPay server. All the transactions in the transaction pool will be packaged in batches and included to the blockchain. Microtransactions are included to the chain in order by the everPay server without latency.

Trustless Cross-chain Transfer

everPay provides flexible and convenient cross-chain accounts to rapidly interconnect the address in Ethereum and Arweave and support the assets on the two chains.

It will support more blockchains assets such as token in Bitcoin or Polkadot and decentralized smart accounts with no need for seed phrases in the future, providing the best user experience.

Extended Reading

• A Storage-based Computation Paradigm
• Real-time Token Payment and Settlement