PENG!
167 posts
PENG!
@pengobserver
The first x402 EIP-2612 Permit implementation & facilitator on @BNBChain 🔸 Build paywalled API with EIP-2162 Permit signature & gasless on-chain settlements.
After doing tons of work for the past few posts(x402/8004/3009) and building a few x402 products(x402gateway.io, rumourx402.com), as well as collecting feedback from @VitalikButerin @programmer @MurrLincoln, I'm proposing x402x, extension of x402 to achieve several features including economic sustainability layer, atomic settlement architecture, extensibility through hooks, batch processing optimization, multi-token architecture, to complement x402 v1. Demo will be released soon, too. Stay tuned. @MurrLincoln @kleffew94 @Must_be_Ash @jessepollak @brian_armstrong @CoinbaseDev
CZ ❌ Chenpeng Zhao ❌ CRYPTO GUY ✅ You’ve got the love trump 😂 @cz_binance
x402 explained under 2mins (10 sec) > What is x402 ? > What is a Facilitator ? > What does this mean to the broader ecosystem ? > What's the token doing in x402 ? > What does x402 unlock ? > Finally something that not all of people are aware about.
Downside of x402: It basically enshrines USDC as the only payment token. x402 on the EVM uses ERC-3009, which is basically just supported by USDC. Not possible to use ETH, USDT, Dai, BOLD, etc