CRX id
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Description from extension meta
The Scriptbill Marketplace extension converts your buying and selling into real time business.
Image from store
Description from store
Do you want a more secure way to do transaction online? Everyday, people lose money to online fraud even at the most secure infrastructure we have these days. The reason is the foundation of your financial credits are insecure. Being managed by a central server, you need a key to access it. Anyone in possession of these keys can have access to the credit. The secure infrastructure being made in place is just to let the institution know that it's you that is using the key. Most of the time this is not usually enough.
Using a decentralized crediting system, you don't need keys to access your Scriptbank account, your account information are managed by you as the user of the credit, so your online transactions are just safe because you don't need to share any key with a merchant to access your account, you only need to send the credit.
Scriptbank credits are also purchased using a decentralized deposit and withdrawal process, which is one thing that makes a Scriptbank credit durable; which means the credibility of Scriptbank credit depends on the network not any centralized institution like your traditional banks. This process involve a user withdrawing credit and a depositor depositing the funds into withdrawer's bank account to inherit the credit.
Scriptbill (which is the crediting system ) users also enjoy access to loans. There is no limit to the amount of loans you can access using Scriptbills. The loan amount or limit depends on your activity in the Scriptbill network. The more you are active using Scriptbills to purchase things on the internet, the more your credibility to access more loans. You can use your loan to buy anything on the internet or withdraw them to your bank account.
The reason why your purchase give you credibility is because using Scriptbills for your purchase earns you income when someone else purchase the item. Your earnings now gives you the credibility to get loans to earn more when you purchase with your loan, giving you the credibility to access more loans and on like that.
Scriptbill uses a decentralized agreement system to secure your transaction without any third party, removing your dependence on third party apps unlike other cryptocurrencies and financial system who provides an escrow or other financial method to secure your online transactions. This means that with Scriptbills you can make transactions with a decentralized money back guarantee system without need for an escrow or third party. Just cancel or reject a transaction and your money return securely to your Scriptbank account.
You can purchase any item on the internet using the Scriptbill marketplace extension, whether or not the seller is on the Scriptbill network. The buyer simply withdraws his credit into the seller's account if not in the network, showing you how easy it is to port your Scriptbill credit to your bank credit, faster if your Scriptbank account is linked with your bank account.
The Scriptbill credit is directly valued as your bank credit since it uses a decentralized deposit and withdrawal system to port values instead of an exchange system the way most cryptocurrency does. This feature makes it easy to manage your Scriptbill credit especially as a seller.
As a seller, you can easily raise investment for your business using our decentralized investment sharing system. This system helps businesses raise investment from other business in the network, powered by the agreement system. As a seller, to join the protocol you have to opt in to invest a percentage of your turnover into the Scriptbill bonding system to reduce the overall credit supply in the system. The reduction in credit supply will create credits for businesses that needs it automatically. The system identifies businesses that needs funding through their business budget, created into the decentralized system. The bond Investment will attract interest, so participating business are not losing any capital, they can even sell off their bond for credits if they want.
This means investors can remotely invest into a business, enjoy the dividend and have full control over their resources without need for a third party.
Scriptbill is written in pure JavaScript which means transactions and the management of your account are all done without any requests to a remote server. Only transaction block that are generated during a transaction are communicated among servers. Scriptbill can also communicate without the need of any backend servers using webRTC communication channels on your browser, reducing the server dependency and improving latency in transactions; which means, faster and more secure transactions.
Scriptbill is an open Sourced code and can be found on GitHub. The whitepaper can be found on the Scriptbank website.