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System for accepting payments in multiple cryptocurrencies
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multicurrency-payment-system.md

multicurrency payment system

Introduction

The multicurrency payment system enables payments in multiple crypto-currencies by providing a backend structure to organize payment addresses. Payment listeners are created to constantly scan the blockchain and fire off callbacks when certain criteria is met. The multicurrency payment system facilitates easy access to cross-blockchain functionality.

Key Features

  • Provides multicurrency exchange rates based on specified exchange APIs.
  • Handles requests for payment addresses.
  • Creates a payment listener to fire off callbacks when conditions are met.
  • Forwards funds to a specified address (only for homogeneous currency requests).
  • Records all completed transactions into a ledger for historical purposes.

Installation

Configuring URL endpoints can be done by modifying the configuration file.

quote_endpoint=/quote/
payment_endpoint=/payment/
status_endpoint=/status/

Communication

All communication is done via HTTP POST with the POST body in JSON format. These are the necessary HTTP headers to communicate with the multicurrency payment system:

POST 
Accept: application/json
Content-Type: application/json

Below you can find descriptions of all requests and how they are handled by the program. The responses are also described in detail. They vary depending on the input received in the initial request.

Every parameter that is marked with an * is optional.

quote

quote request

 currency      string      ex: "USD"
 amount        int         ex: 1405
*convert       string      ex: "BTC"
  • currency specifies the base currency.
  • amount specifies the base currency amount that will be compared to the list of currencies in the response.
  • convert specifies a single currency the requestor wants to know about (this option reduces HTTP traffic and simplifies code).

Future versions will allow multiple convert options.

quote response

currency:amount      string:int      ex: "BTC":3172000

The response is determined by whether or not convert is specified. In general, the system responds with the currency conversion rates the requestor is interested in.

quote examples

If convert is not specified, the response will be a list of key:value pairs for all available currencies. Here is an example of a quote request and response without convert specified:

quote request:

{
    "currency": "USD",
    "amount": 2000
}

quote response:

{
   "BTC":3172000,
   "LTC":2370000000,
   "DOGE":737900000000000,
   "FLO":3000000000000
}

However, if convert is specified, the request will look like this:

quote request:

{
    "currency": "USD"
    "amount": 2000
    "convert": "FLO"
}

The response will simply be a double value with the converted amount in the specified currency.

quote response:

{ 
    3000000000000
}

payment

payment request

 currency        string        ex: "BTC"
*convert         string        ex: "FLO"
 amount          int           ex: 100000
 min_confirms    int           ex: 5
 timeout         int           ex: 59000, 1405230924
*fee_quote       boolean       ex: true
*forward_to      string        ex: "1AYvYfub9BsLDSF9CqShphKD23VUvvL6Cm"

*callback        JSON object       
   method        string        ex: "HTTP_POST", "BLOCKCHAIN_WRITE"
   max_confirms  int           ex: 20
   params        JSON object
     HTTP_POST PARAMS:         See below.
     BLOCKCHAIN_WRITE PARAMS:  See below.
  • currency defines which currency the requestor wants to pay in.
  • convert, when set to a known currency, will convert amount to the currency set in currency.
  • amount defines the amount of satoshis of that currency that marks this payment as "complete". If not specified, there is no minimum, and even 1 satoshi will mark the payment as "complete".
  • min_confirms is the minimum amount of confirms needed to consider the payment complete.
  • fee_quote, when set to true, will prevent this program from creating a new address or payment listener. The payment response will be the cost (in satoshis of currency) of setting up that listener.
  • forward_to if specified, the exact amount paid (minus fees) will be forwarded to the address specified.
  • timeout defines the amount of time in which this payment listener will expire. It is always an int, but behaves differently given different inputs. When given a block number as input, it will timeout when that block is reached. When given a timestamp, it will timeout when that timestamp is reached. timeout cannot be zero.
  • callback is a JSON object containing information about the callback requested. It defines the requestor's constraints for the payment listener. The payment listener serves data determined by the requestor's JSON parameters. This is the payment system's callback service. It is explained in detail in the examples section below.
  • callback->method determines the method of callback. Currently supporting HTTP\_POST and BLOCKCHAIN\_WRITE callbacks.
  • callback->max_confirms is the maximum amount of confirms that will fire off a callback. After max_confirms has passed, no more callbacks will be sent.
  • callback->params define the callback service.

A successful payment request will create a payment listener. Whenever a payment listener detects certain conditions, a callback is fired off. Callbacks are fired off when both amount and min_confirms are reached. At the moment, HTTP_POST and BLOCKCHAIN_WRITE are the two options for callbacks served by the multi-currency-api.

HTTP_POST PARAMS

HTTP\_POST callbacks are programmable. This makes use of the application's connectivity to the network and cuts down on unnecessary HTTP traffic.

url             string      ex: "http://florincoin.info/mucua/callback/
tx_notify       boolean     ex: false
data            JSON object
  block         boolean     ex: true
  time          boolean     ex: true
  hash          boolean     ex: true
  confirms      boolean     ex: true
  custom        JSON object
  • url is the URL that will be served with callback POST data. Note: when a callback fails, it will retry every 2, 4, 8, ... etc seconds, growing exponentially.
  • tx_notify is a boolean which determines whether or not a callback will be sent when a new transaction paying this address is detected.
  • data: All boolean data values will assure a response from the system that contains the data requested. For example, setting block to true will cause the system to respond with a callback containing the block number.
  • custom can be filled with whatever static JSON the requestor determines. It will be served to the callback endpoint URL specified in url.
BLOCKCHAIN_WRITE PARAMS

Callbacks are not limited to HTTP\_POST. You can request writing data to the blockchain instead.

data      string      ex: "Hello world! I love freedom of speech."
binary    string      ex: "01001000"
  • data specifies utf-8 data stored to the Florincoin blockchain.
  • binary specifies a string of binary code to be stored in the Florincoin blockchain.

payment response

 id           int         ex: 11022047
 address      string      ex: "17qfT3hssK5mx7km7QtuogiXeka9Spo1VK"
 currency     string      ex: "BTC"
*amount       int         ex: 3050
*fees         int         ex: 50
 timeout      int         ex: 10000

The payment system responds based upon on the inputs given in the payment request. The system will always, at the very least, respond with an id and payment address for the currency specified as well as the amount that must be paid.

  • id is a unique identifier that must be passed to the status request. It is a unique identifier that identifies a payment listener and its associated address.
  • address is a crypto-currency address that payments will be made to. The payment listener associated with this address is created when this response is sent.
  • currency is the currency the address is associated with, and is the currency payments must be made in to that address.
  • amount will be an integer representation of the minimum amount of satoshis that must be spent in currency before the payment is considered complete.
  • fees is the number of satoshis paid in fees.
  • timeout is the number of seconds the listener will stay alive.

payment examples

If no callback is specified, the system will remain silent and ping nothing when the payment is complete. Requestors will have no choice but to make use of status requests to examine their payment.

If callback is specified, the payment system (which runs as a service) will begin serving callbacks when certain conditions are met. Here is a very general example that would be seen in the wild:

payment request:

{
    "currency":"BTC",
    "convert":"FLO",
    "amount":2000000,
    "min_confirms":30
    "fee_quote":true,
    "timeout":59300,
    "callback": {
        "method":"HTTP_POST",
        "max_confirms":40,
        "params": {
            "url":"http://florincoin.info/mucua/callback",
            "tx_notify":true,
            "data": {
                "block":true,
                "time":true,
                "hash":true
                "confirms":true,
                "custom":"{'local_id':'BZ99ML7'}"
            }
        }
    }
}

payment response:

{
   "id":11022047,
   "address":"17qfT3hssK5mx7km7QtuogiXeka9Spo1VK",
   "currency":"BTC",
   "amount":3050,
   "fees":50,
   "timeout":10000
}

In the above example, a request is sent to get a Bitcoin payment address to watch for a payment equal to 2000000 satoshis of FLO. The response shows that 3050 satoshis of bitcoin are necessary to cover the cost of 2000000 satoshis of FLO. There is a minimum number of confirms set, and a fee quote is requested. The fee quote in this case is 50 satoshis of bitcoin.

status

status request

 id             string      ex: "177-134-559"
 address        string      ex: "17qfT3hssK5mx7km7QtuogiXeka9Spo1VK"
*callback_info  boolean     ex: true
  • id is the unique identifier given to the requestor when they received a response from the payment system.
  • address specifies the address the requestor wants information about. Each payment listener is identified by the id number and address created for it.
  • callback_info specifies whether or not the requestor wants callback info in the response.

status response

mempool        boolean        ex: true
received       int            ex: 2000
confirms       int            ex: 12
confirmed      boolean        ex: true
transactions   JSON object    ex: <List of transactions in JSON format>
callback       JSON object    ex: "{'confirmed':true,'confirms':12}"

The response will contain information about the payment listener binded to the given payment address.

  • mempool is true or false if the transaction has been listed in the mempool. This will be set to true automatically when confirms is greater than zero, regardless of whether or not the transaction is actually seen in the mempool.
  • received is the amount of coins received on the address so far.
  • confirms is an integer representation of the number of confirms since received has reached min_amount.
  • confirmed will be set to true only when the address has accumulated enough received coins to satisfy min_amount and all transactions in the transactions list have above min_confirms confirmations.
  • transactions is a JSON object containing a list of txids associated with this address along with the amount of coins sent to the payment address in each transaction..
  • callback is a JSON object that has all relevant callback information.

status example

A simple example of a request and response:

status request:

{
    "address":"17qfT3hssK5mx7km7QtuogiXeka9Spo1VK",
    "callback_info":true
}

status response:

{
    "mempool":true,
    "confirms":12,
    "confirmed":true,
    "transactions": {
        "28afb4933555aa6f1616abf7009af47c796713d50d144803cff87aa7c8ebaa47":30000,
        "1df7ed637d64cf1282468198c6ae7f988f5ec8b88ee85623954528dd3710f311":40000,
        "74110c887b09fc910e2f55772e2da7a6ac3f10d4157ca737725cd6e32d8ab75b":50000,
    }
    "callback": {
        "method":"HTTP_POST",
        "url":"http://florincoin.info/mucu/callback/",
        "callbacks_sent":6,
        "callback_history": {
            1: {
                "success":true,
                "time":1405292062,
                "block":59000
            },
            /* etc... continues for all callbacks */
        }
    }
}

This response is a JSON object with detailed information about the status of the payment request (identified by the address given in the original payment response) containing relevant info about the callback history.

Front-end preview (web browser)

Here is an example of the system in use as an API for putting messages into the blockchain. In this case, users can pay in multiple currencies to put a message into the Florincoin blockchain.

web-version

Contributions

Joseph A Fiscella @metacoin

License

ISC License

Copyright (c) 2014, Joseph A Fiscella <[email protected]>

Permission to use, copy, modify, and/or distribute this software for any purpose with or without fee is hereby granted, provided that the above copyright notice and this permission notice appear in all copies.

THE SOFTWARE IS PROVIDED "AS IS" AND THE AUTHOR DISCLAIMS ALL WARRANTIES WITH REGARD TO THIS SOFTWARE INCLUDING ALL IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS. IN NO EVENT SHALL THE AUTHOR BE LIABLE FOR ANY SPECIAL, DIRECT, INDIRECT, OR CONSEQUENTIAL DAMAGES OR ANY DAMAGES WHATSOEVER RESULTING FROM LOSS OF USE, DATA OR PROFITS, WHETHER IN AN ACTION OF CONTRACT, NEGLIGENCE OR OTHER TORTIOUS ACTION, ARISING OUT OF OR IN CONNECTION WITH THE USE OR PERFORMANCE OF THIS SOFTWARE.
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