@Telesfor
edited
Mecenas - recurring payment smart contract plugin
Today I would like to present you Mecenas, a plugin programmed by Karol Trzeszczkowski (@Licho) for creating and managing contracts for making transactions from the sender to the receiver with time and value restriction. https://github.com/KarolTrzeszczkowski/Mecenas-recurring-payment-EC-plugin To use the plugin you must first download and install an excellent Bitcoin Cash wallet Electron Cash. How to use electron casch you can see in these Collin Enstad videos. Then download and install latest release (zip-file) of Mecenas. https://electroncash.org/ https://www.youtube.com/watch?v=iQ8BXrzAwDQ&list=PL6P_87NPp72aMQeOiSO4Pq8u_yeOcY6K7 https://github.com/KarolTrzeszczkowski/Mecenas-recurring-payment-EC-plugin/releases To do it: Open Electron Cash with any wallet. Click `Tools` --> `Installed Plugins`. Click `Add Plugin` --> Select the downloaded zip file.
Click `Install` --> `Close`.
You should now see a new Mecenas tab in Electron Cash. It will be there for all your Electron Cash wallets.
Now you can create a new Mecenas contract (after clicking on the button you have to insert your password first).
Now you can enter the following: The BCH address of the recipient (protege address); Period how often the recipient (called protege) may withdraw the amount (in my example it is daily); How often the payment should be repeated (in my example 5); and how much BCH per payment should be paid (in my example 0,0001 BCH) Total contract value is greater than the total withdrawing amount because 0.00001 BCH are required per each withdrawing transaction. Now you can find an existing Mecenas contract.
How can the receiver (protege) withdraw his BCH? To do it the receiver has also to install Electron Cash and Mecenas plugin and click on "Find existing Mecenas contract". A new contract will be found.
By clicking on "Take payment from pledge" the receiver can withdraw his BCH (in my example everyday 0,0001 BCH) from the pledge address.
21 comments
Nice, a recurring payment contract. Now I wish these things are on mobile.
Maybe someone will port it to mobile devices. The application is open source and anyone can customise it.
A version of Electron Cash mobile that accepts plugins, which allows us to use Flipstarter *and* Mecenas, I suppose? That will be nice.
Yes, the current mobile version of EC does not yet support plugins.
Will be using for my wife 😂 ... Claim again tomorrow. Cool plugin but still not very user friendly. Medium knowledge required, I will say.
The application is open source and anyone can customise it.
i never heard about Mecenas program.....thanks for sharing new information
I hope this will be available in mobile devices since mostly users are using mobile devices..
Unfortunately, the current mobile version of electron cash does not support plugins.
Yeah, I hope they will support plugins in the future so we can try this one..
I hope so too. In the past, there was no app for electron cash. Some time ago the developers wrote it and as you can see in the link, they are working on it all the time. https://github.com/Electron-Cash/Electron-Cash/tree/master/android This is also the reason why I am very optimistic about Bitcoin Cash. There are many and more developers creating Bitcoin Cash based applications.
I see it was 2 years ago, so yeah maybe they're working on it already since most users are using mobiles as it is accessible anytime.
They are definitely working on the app. Last pull request was 4 hours ago.
That's good news, many will utilize it if it's downloadable app .
What's the size of the script?
Zipped 179 kB. Unzipped 271,1 kB
You have presented an article that is very beautiful and has a lot of information. I hope this article will be very useful to everyone..
Try it out and write your experience.
Sir, I have just joined read.cash. I don't know much about these wallets. But I'm learning.
Read my article: https://read.cash/@Telesfor/how-does-bitcoin-cash-wallet-work-27adaff4 You will learn much more
Of course I try it..☺