Payment flows on a blockchain network have numerous characteristics similar to conventional fiat payments. However, owing to the unique architecture of blockchain systems, several features make them distinct from conventional payment networks. Additionally, owing to their decentralized nature, blockchains permit you to design payment systems that eliminate middlemen and directly credit the merchant's blockchain wallet.
For our project, we'll be building a payment ecosystem that illustrates the preceding benefits. The payment ecosystem will consist of three major components:
- A faux e-commerce web page with an ether payment gateway, which allows payment from MetaMask or other Ethereum wallets
- A merchant HD wallet generator, which dynamically generates a new address for each payment request
- A merchant wallet interface that tracks...
