🌐Protocol

In this section, we provide an overview of the core functionalities of the CryptoBed Protocol V1, which ensures a seamless and secure temporary rental experience for both hosts and guests.

1. Reservation and Security Deposit Funds: Upon booking a property, the protocol receives and securely holds the reservation funds along with the security deposit. This process simultaneously blocks the selected dates and enables direct contact between the guest and the host to coordinate check-in arrangements.

2. Reservation Funds Release: The protocol automatically releases the reservation funds to the host 24 hours after the automated check-in process. This feature ensures that the host receives their payment in a timely manner while maintaining a secure environment for the guest during the rental period.

3. Security Deposit Release: After the automatic check-out process, the protocol releases the security deposit back to the guest within 24 hours. This efficient release mechanism protects the guest's funds and fosters a reliable rental experience on the CryptoBed platform.

In further versions, we pursue increasing decentralization and anonymity