Streamed Payment

Crypto terminology for Strict Type Enforcement refers to the practice of enforcing data types in smart contracts to prevent errors and ensure accuracy in blockchain transactions.

Streamed payment refers to a method of transferring funds in real-time or on a continuous basis rather than in one lump sum. This approach allows users to send small amounts of cryptocurrency over time, making payments more manageable and efficient.For instance, when streaming a payment, a user can specify a rate at which funds are sent, allowing the recipient to receive micro-payments as work is completed or for services rendered. This can be particularly useful for services with ongoing or variable costs, such as content creation or subscription models.The technology enabling streamed payments often relies on smart contracts and payment channels, which facilitate quick transactions without the need for constant confirmations on a blockchain. This reduces fees and transaction times, making it appealing for both providers and consumers. Overall, streamed payments provide flexibility and efficiency, enhancing financial interactions and creating new opportunities for various applications.

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