Barium Network Architecture
Last updated
Last updated
The Barium Network architecture has been carefully designed to facilitate seamless, secure, and anonymous transactions for merchants. Key components of the architecture include:
3.1. Crypto Payment Gateway Integration
Barium Network integrates with a third-party crypto payment gateway, which enables users to pay via crypto using their credit or debit cards. By leveraging this integration, the platform can process card payments and convert them into $BA tokens to be used within the Barium ecosystem.
3.2. Third-Party Organizations for Coin Purchasing
Barium Network will collaborate with various trusted third-party organizations to facilitate the purchasing of Barium Coin ($BA) during transactions. These organizations handle the conversion of customers' payments into $BA tokens, ensuring a secure and efficient process.
By working with these organizations, Barium Network will offer competitive exchange rates and maintain a high level of redundancy, ensuring that the platform remains operational even if one of the third-party organizations encounters issues.
3.3. Transaction and Commission Flow
The flow of transactions and commissions within the Barium Network architecture is as follows:
When a customer initiates a payment using Barium Pay, the platform charges their card through a third-party provider, which then converts the payment into cryptocurrency. The transaction is marked as "Buying crypto" to protect user privacy.
he purchased cryptocurrency is sent to the merchant, with a portion allocated to the Barium Network.
A 2% commission is deducted from the transaction amount and allocated to the Barium Network. This commission is used to support the platform's ongoing operations, fund staking rewards, and facilitate token burning events.
The remaining funds are paid to the merchant in $BA tokens, allowing them to receive payment while maintaining their anonymity.
By employing this architecture, Barium Network can effectively balance the need for privacy and security with the desire for cost-effective transactions in the crypto and financial sectors.
