Comment by dgudkov
15 hours ago
We need standards and protocols, not another megacorp inserting itself between people. Micropayments should be part of the HTTP protocol.
15 hours ago
We need standards and protocols, not another megacorp inserting itself between people. Micropayments should be part of the HTTP protocol.
I hear ya! But technically http status 402 has set that expectation of micropayments at the http level for quite a long time (see https://en.wikipedia.org/wiki/List_of_HTTP_status_codes#402) ...but little to no one has done much of anything with it...and so now, this foundation and cloudflare seem to be doing something with it. Whether it will be good or not of course remains to be seen. So, not a new concept, merely a new implementation.
x402 is the standard.
Which RFC number?
I had a look at their website, it relies on every HTTP request creating a separate blockchain transaction, which is a volume of requests that blockchains can't possibly handle - even the layer-2s. It also makes the requests take a long time.
Good point. I've found their website: https://www.x402.org/