WePay: Secure Ethereum Transactions For The Modern World

Abstract

Blockchain technology promises to revolutionize payment systems, yet high transaction costs and network congestion remain significant barriers. This paper introduces WePay, a novel blockchain payment solution that achieves up to $87 \%$ reduction in transaction costs through an innovative gas optimization framework. Our system implements a proprietary transaction batching algorithm, non-custodial cross-chain execution model, and adaptive fee structure that outperforms existing solutions across key metrics. Benchmarking results demonstrate WePay’s superior performance, processing $\mathbf{1, 2 0 0}$ transactions per minute compared to $300-500$ for traditional methods, while maintaining robust security guarantees. User testing with 50 participants revealed a $92 \%$ satisfaction rate and significantly improved adoption potential compared to current blockchain payment systems.