Welcome to EasyPay Network! Before diving into the details, take a quick look at our project through this brief YouTube video presentation. It will provide you with a visual overview of what EasyPay Network is all about.
Content
- Inspiration
- Project Goals
- Project Value
- What it does
- How we built it
- Challenges we ran into
- Accomplishments that we're proud of
- What we learned
- What's next for EasyPay Network
1. Inspiration
Our project is inspired by the significant challenges faced by blockchain users and ecosystems. These challenges include:
- User fragmentation
- Liquidity fragmentation
- Complex Web3 user experiences
- The real economy of blockchain
- Misunderstanding user goals
With the addition of the memo field to IBC transfers and the expansion of IBC into other ecosystems, we see tremendous potential for addressing these issues. These advancements have been a great source of inspiration for our project.
2. Project Goals
- Unifying blockchain ecosystems and eliminating user fragmentation.
- Facilitating a wide range of economic importance payment operations for individuals and businesses.
- Increasing blockchain liquidity and simplifying asset exchange.
- Creating a simple and intuitive Web3 user experience.
- Advancing the real economy within blockchain ecosystems.
- Providing users with the ability to make payments without the need for manual asset exchange.
- Attracting new users from other ecosystems through seamless interaction.
3. Project Value
EasyPay Network is positioned to drive the widespread adoption of Web3 technologies. We are committed to becoming a pivotal player in advancing the real economy within blockchain ecosystems. Our unified platform simplifies cross-chain interactions, enhances liquidity, and streamlines the user experience. We are dedicated to leading the way in unifying blockchain ecosystems, making blockchain technology accessible to all, and contributing to the growth of a more cohesive and efficient blockchain economy. We are ready to take on this role and usher in a new era of blockchain technology.
4. What it does
EasyPay Network is a revolutionary platform that simplifies and unifies the world of blockchain for users. It seamlessly integrates various blockchains and services, enabling effortless cross-chain transactions and payments. Our platform offers a range of features, including:
Payments: EasyPay Network allows users to make payments with any token from any blockchain effortlessly. Whether it's payroll, public or private invoices, or custom contract calls, users can transact without the hassle of manual asset exchange.
Catalog aggregation: Our payment catalog aggregates marketplaces and individual listings, making it easy to find and pay for products and services with just one confirmation.
Inter-Blockchain Swaps: You can easily perform inter-blockchain swaps with our intuitive platform, streamlining the process.
Payment by Reference Number or Service Code: Forget the hassle of remembering wallet addresses. With EasyPay Network, you can make payments by reference number or service code, simplifying the process for users.
Integrations: We offer seamless integrations with:
- Marketplaces
- Payment interfaces
- For dApps
- Invoices through APIs
This makes it a breeze for developers and users alike.
Instant Reporting: Stay on top of your transactions with our instant reporting feature, covering payments, profit and loss, sales tax, transaction history, capital gains, and even late invoices.
Manage your flow with:
- Wallet
- Name service
Strategic features:
- Any wallet. Any token. Any blockchain - 1 approval!
- Existing bridges and DEXes for top liquidity!
- Uniting users from different blockchain ecosystems!
- Trustless!
5. How we built it
During this hackathon, our team took on the challenge of developing EasyPay Network with a combination of innovative technologies and robust architecture.
We built the following components to ensure a seamless and efficient user experience:
- Frontend: We created a user-friendly frontend that allows users to interact with our product on the blockchain. This interface is designed for ease of use and accessibility.
- Graph Database: To store the application's state and manage possible assets with exchange pathways, we implemented a powerful graph database. This database is the backbone of our platform, enabling efficient data management and retrieval.
- Pathfinder: Our pathfinder algorithm was designed to find routes in the graph database based on the user's chosen payment token and the token required for payment. This component plays a crucial role in ensuring smooth cross-chain transactions.
- Server-side Component: We developed a server-side component that connects the graph database and the pathfinder with the frontend client. This component handles the core business logic, ensuring that transactions are executed seamlessly and securely.
- Smart Contract: In complex multi-hop operations that involve route breaks and the need to roll back non-atomic operations, we designed a smart contract. This contract enhances the security and reliability of our platform.
Additionally, we have created visual representations of our architecture, including an application architecture diagram and a graph database visualization using Neo4j. These visual aids provide a clear understanding of the underlying infrastructure that powers EasyPay Network.
These components come together to form a robust and user-centric platform that streamlines cross-chain transactions and payments.
6. Challenges we ran into
Technical Innovation: While we devised a simplified pathfinding solution for the PoC, we also delved into extensive research and exploration. Our focus extended beyond the immediate challenge of routing problems, reaching into the realm of full-scale development, potentially involving a custom database plugin. It's crucial to highlight that our efforts encompassed thorough research and comprehension of pathfinding across a broad spectrum of blockchain ecosystems, which span a diverse array of DEXes and bridges.
Complex Integration: Integrating various blockchains and services while maintaining a seamless user experience posed intricate technical challenges. Managing cross-chain transactions, ensuring compatibility across diverse blockchain ecosystems, and addressing the need for real-time price feed retrieval from DEXes presented hurdles we encountered. Additionally, we encountered hurdles during the testing process, including non-operational or inadequately documented testnet relayers, bridges, and DEXs, as well as the absence of chain registries for testnets, all contributing to the complexity of our work.
Resource Constraints: The hackathon's time limitations and resource scarcity compelled us to prioritize the creation of a functional prototype with essential core functionality, concentrating on effectively communicating our project's significance and utility.
7. Accomplishments that we're proud of
Key Achievement: Our most notable accomplishment during the hackathon was successfully aligning our ambitious, multifaceted project idea with the realities of a PoC (Proof of Concept). Through extensive brainstorming and iterations, we found a way to create a PoC without compromising the project's primary goals and significance, albeit in a simplified form.
This accomplishment highlights our team's ability to balance grand vision with practical implementation, demonstrating our adaptability and problem-solving skills in navigating complex projects.
8. What we learned
Embracing Innovation: We enthusiastically delved into pioneering technologies and tools, gaining hands-on experience and pushing the boundaries. For instance, while working on our pathfinder, we created a prototype that deepened our understanding of the requirements for a production-ready pathfinder, including the development of a custom database plugin. We also tackled numerous UX challenges, aiming for a seamless user experience, such as unifying payment functionality across blockchains and providing user-friendly login methods for a future where thousands of blockchains and numerous authentication options are supported.
Moreover, we seized the opportunity to experiment with new presentation tools and video creation techniques, broadening our skill set and enhancing our ability to communicate our project's value effectively.
In-Person Collaboration's Productivity: We realized the remarkable productivity and quick decision-making advantages of in-person collaboration during the hackathon, which greatly contributed to our project's success. The ease of communication and instant feedback were invaluable.
Adaptability: The hackathon environment taught us the importance of adaptability. We had to pivot and adjust our approach quickly when faced with unexpected challenges and changing project requirements.
Innovation and Creativity: The hackathon encouraged us to think outside the box and innovate. We learned to approach problems with creativity, explore new solutions, and not be afraid to experiment.
9. What's next for EasyPay Network
We want to emphasize that the code developed for the hackathon was a rapid prototype, created with a focus on showcasing the concept. While it effectively served its purpose for the hackathon, it should be noted that it is not intended for production use. It was a quick and functional demonstration of our ideas, and as we move forward, we will build a production-ready solution from the ground up.
During this hackathon, we successfully demonstrated a proof of concept for our idea. Our next steps are focused on turning this concept into a reality. We have several key objectives in mind:
- MVP Development: We are now dedicated to building a Minimum Viable Product (MVP) that will serve as the foundation for EasyPay Network. The MVP will showcase the core functionality of our platform.
- Business Model Testing: Simultaneously, we will rigorously test our business model to ensure its viability and sustainability. This includes assessing the economic and financial aspects of our project.
- User Feedback and Iteration: User feedback is invaluable to us. We will actively engage with early users to gather insights, allowing us to iterate and enhance the platform based on their needs and preferences.
- Security and Compliance: We understand the critical importance of security and regulatory compliance. We will implement robust security measures and ensure that our platform adheres to all relevant regulations.
- Community Building: Building an active and supportive community is essential to our success. We will focus on community engagement and fostering a strong user base.
- Market Expansion: As we progress, we plan to expand our reach to a broader audience and explore new market opportunities.
These steps represent our commitment to realizing the full potential of EasyPay Network. We are excited to embark on this journey and are determined to bring a seamless cross-chain payment solution to the world. Stay tuned for updates as we continue to evolve and grow.