ETHAY

Screenshots

Problem Statement

Ethay: A Super Extension for Trustworthy Social and On-Chain CommerceEthay is an advanced browser extension designed to transform social media platforms like Twitter into secure and efficient Web3 marketplaces. The platform combines cutting-edge blockchain features with social engagement to ensure a transparent, fraud-resistant, and decentralized e-commerce experience.Key FeaturesSocial Media Marketplace IntegrationEnables users to list and discover products directly on platforms like Twitter.Leverages the social context for higher trust and engagement between buyers and sellers.On-Chain DAPP InstantlyFacilitates secure transactions using smart contracts.Supports crypto payments, swaps, and trading of tokenized assets, ensuring seamless Web3 compatibility.Fraud Prevention and Resolution SystemSeller Verification: Sellers are verified through Worldcoin, ensuring legitimacy and reducing the risk of scams. Dispute Handling via Judges:Disputes are resolved by judges selected through the Pyth Network for unbiased arbitration. Judges are also verified using Worldcoin to ensure accountability. Decentralized Randomization: Pyth Network's randomization process eliminates bias, ensuring fairness in fraud investigations and resolutions.Transparency and Security On-chain records provide immutable proof of transactions, enhancing accountability. Fraudulent activities can be reported, reviewed, and resolved in a decentralized manner. User-Centric DesignEasy for both Web2 users (social network familiarity) and Web3 users (blockchain integration). Combines social validation with blockchain security for a trustworthy marketplace experience.

Solution

Frontend Development React.js and TypeScript: The browser extension's user interface is built using React.js for dynamic and responsive design, with TypeScript ensuring type safety and scalability. Next.js Framework: For server-side rendering and efficient routing, making the extension performant and SEO-friendly.Smart Contracts Solidity: Smart contracts on Ethereum handle on-chain transactions, including swaps and reporting mechanisms. ERC Standards: ERC-20: For supporting cryptocurrency payments. ERC-721/ERC-1155: For handling NFTs and tokenized assets. Hardhat: Used for local development, testing, and deployment of smart contracts.Blockchain Integration Ethers.js: Facilitates interactions between the frontend and blockchain, such as wallet connections, gas estimation, and transaction submission. Pyth Network: Utilized for its decentralized randomization algorithm to assign unbiased judges for dispute resolution. Identity Verification Worldcoin SDK: Verifies sellers and dispute resolution judges, ensuring identity authenticity without compromising privacy. Backend Infrastructure Supabase : DB for store delivery address and order status.Partner Technologies and Their Contributions Pyth Network Benefit: Ensures transparency and fairness in assigning roles for critical decision-making processes. Worldcoin Benefit: Adds a layer of trust and accountability, making fraud prevention highly reliable. BlockScout Benefit: Allows users to easily verify transaction details, improving trust and providing clarity on blockchain activity. The Graph Benefit: Enables fast and reliable access to on-chain data without overloading the blockchain. Web3Auth Benefit: Lowers the barrier to entry for users unfamiliar with traditional wallet setups, enhancing user adoption. WLDCoin Benefit: Facilitates seamless payment flows and increases usability for global users. BASE Chain Benefit: Offers scalability and reduced gas fees, making it ideal for high-volume social commerce. Hedera Benefit: Enhances reliability and performance for advanced features like token management and payment finality. Chainlink Benefit: Ensures accurate and tamper-proof data for on-chain transactions, particularly for token swaps.