BETTER - The Delegated Transaction

welcome to bettercoin in this video we will explore another type of transaction in the bettercoin ecosystem the delegated transaction this intermediation as a service uses the double transaction system allowing a third party to participate directly in the transaction through their wallet first the owner sends better to the delegate wallet just like a double transaction They will receive better unpaid and paid tokens now for the delegate to promote and trade Bettors on behalf of the owner they must consider The Ether pay tokens as a payment order to transfer the whole transaction the delegate must send all

the pay tokens to the buyer's wallet the user experience for settling is the same as the double transaction the buyer just needs to send ether to the smart contract ens pay for better.eath which will settle the tokens proportionally the system will remember that this transaction passed through the delegate and will reward a four percent fee of intermediation in ether plus a one percent fee in newly minted better to the delegate the original owner will then receive 95 of The transacted Ether plus 5 newly minted Bettors payforbetter.eth will charge the remaining one percent ether as a

fee everything is automated directly to your wallets through the delegated transaction you can mine new Bettors it's a form of proof of adoption mining of course the same rules apply to the burning of unpaid and ether pay the restrictions proportional settlements and reversals yet if the Bettors have already been delegated the owner can reverse the transaction by sending zero better directly to the buyer's wallet instead the owner can look for the buyer's wallet address in the hashes of the delegate's address on etherscan.io with bettercoin we are enabling trustless wallet to wallet transactions use intermediaries only

when you need them just better transactions