Crypto Community Service: Dev Escrow

Crypto Community Service: Dev Escrow

One of the biggest features of Bitcoin is the lacking of chargebacks, which can be seen as an advantage and a disadvantage. By not having the ability to have chargebacks, sellers usually have the advantage when it comes to consumer protection. But what about the buyer? This is where an escrow service comes in. Escrow services are a third party which both the buyer and seller both agree on to exchange the money and goods. The buyer sends the money to the escrow, while the seller sends the product. Once both is confirmed, they are sent on their way. If one fails to hold their end of the....


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An escrow is a standard financial arrangement to add security to transactions. The agreement includes a third party with the responsibility of holding funds in safekeeping until the two parties meet the obligation terms. As you know, bitcoin shares several properties with cash. Therefore, once a Buyer and Seller exchange funds, it is nearly impossible […]