LearnHow it works
How it works
Three steps, then the five mechanisms behind them.
- Approve a ceiling. A bidder approves the most they may bid. PayPal places an authorization hold for that amount. Nothing is charged.
- Bid. A deterministic engine accepts or rejects each bid against the ceilings and writes every event to a hash-chained ledger.
- Hammer. The settlement saga captures the winning price, voids every other hold, and records each step in a journal so a crash cannot double-charge anyone.
| Page | The question it answers |
|---|---|
| Money flow | Where is the money at each moment? |
| Settlement saga | Which states can a settlement be in, and which moves are legal? |
| Crash recovery | What happens when the process dies mid-capture? |
| Voice and the confirm gate | Can speech become a bid on its own? |
| Engine and ledger | How are bids decided and recorded? |
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