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Results tagged with escrow
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user 2306
A trusted third party that holds something of value until both sides are happy.
1
vote
Accepted
What are "routine escrow mechanisms"?
There are certain sorts of escrow that are very difficult to implement without a trusted party. … However, if we change the escrow system a little bit, then we can implement it without a third party. …
- 29.5k
1
vote
Accepted
Limit wallet to sending funds to a list of addresses
Absolutely.
The mediator, C, creates an address.
After the bet payment(s) have been made, C creates two transactions. One pays to A, and the other pays to B. He keeps both of these transactions secr …
- 29.5k
1
vote
Decentralized escrow functionality built into Bitcoin?
I think multisignature transactions are a good escrow model.
On the surface, this doesn't seem to provide any protection - the seller could just tell the buyer, "I'm taking 90% of the bitcoins. … So essentially, multisignature escrow will work because humans are vindictive. …
- 29.5k