Joined 21 February 2021 · 2 posts
Software Engineer & Consultant, Blockchain
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Understanding ARCC, a contract chain system ARCC stands for Allowable Revocable Contract Chain, it provides a way to mimic the pull/revoke mechanism. An ARCC(I pronounce it as, arck/ärk) system lets the payer take back the money while still allowing the payee to withdraw some funds from the contract based on restrictions of time and amount. More details here. https://read.cash/@kiok46/introducing-arcc-11eb12b8 Whitepaper and Contract The Whitepaper and Contract for ARCC…
Introducing ARCC ARCC: Allowable Revocable Contract Chain System for Bitcoin Cash An ARCC(I pronounce it as, arck/ärk) system lets the payer take back the money while still allowing the payee to withdraw some funds from the contract based on restrictions of time and amount. *The design makes it possible for the contract to become aware of time and amount and* *provides the ability to partially spend*, making a vast set of applications possible, including but not limited to…
