- A protocol that enables decentralised repeating payments.
8x is designed to tackle this problem by introducing the ability to make repeating and pre-authorised payments through a novel layer 2 consensus mechanism. Payment rules are coded on-chain and customers can agree to them directly. To execute the transaction, payments are claimable
to a network of Service Nodes who in turn receive a percentage fee of the original subscription payment made between the consumer and vendor. In order for 8x Service Nodes to make payment claims, the 8x native token must be staked.