treadme for merchant script - electrum - Electrum Bitcoin wallet
HTML git clone https://git.parazyd.org/electrum
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DIR commit 8526915420436d13e1da07e66db20a9f8de6c75a
DIR parent 15a7626b1498d7cdd67e9db0b5b2b08cf5908229
HTML Author: thomasv <thomasv@gitorious>
Date: Fri, 26 Oct 2012 14:00:28 +0200
readme for merchant script
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+merchant.py is a daemon that manages payments for a web server. It
+creates Bitcoin addresses using a master public key (so you do not
+leave your private keys on the server), detects when payments are
+received and notifies your web application.
+
+The workflow goes like this:
+
+ - the server sends a request to the daemon via POST. the request
+ contains an ID, an amount to be paid, an expiration period.
+
+ - the daemon answers with a Bitcoin address, where the customer needs
+ to send the coins.
+
+ - later, the daemon will send a POST to the webserver, to notify that
+ payment has been received OR that the request has expired
+
+
+Since addresses are generated using an Electrum master public key, it
+is possible to visualize payments in the Electrum client; you will,
+however, need to manually adjust your "gap limit".
+
+In order to use this script, first edit and rename
+merchant.conf.template to merchant.conf