[Task Overview] Smart Contract

[regcs]

Renderhive Smart Contract

Motivation

The smart contract forms the trust layer for payments between the client nodes (i.e., the users buying render power) and the render nodes (i.e., the users selling their render power). These parties have competing security interests:

• Client nodes only want to pay, if their requested render job is correctly executed by the render nodes
• Render nodes only want to work, if they get paid for sure

Thus, neither a "first pay then render" nor a "first render then pay" approach would satisfy both parties at the same time. To solve this issue, the smart contract escrow is introduced.

Repository

For details on the development, see the smart contract repository and the project management issue.