Recurring and Deferred Transactions Based on Smart Contracts

This article presents algorithms and smart contract designs to facilitate recurring bill payments on decentralised platforms using the Ethereum-like Virtual Machine (EVM). The proposed approach enables the inclusion of recurring and deferred transactions, ensuring compatibility with ERC-20 and ERC-777 standards, thereby contributing to the establishment of a novel token standard. The research addresses the growing need for non-custodial mechanisms to support automatic periodic payments in decentralised environments, offering potential benefits to both service providers and customers in various industries.