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AnArk.it Bitcoin Market With Trust Free Escrow + Arbitration

December 23rd, 2014 | by BTC News
AnArk.it Bitcoin Market With Trust Free Escrow + Arbitration
Business
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AnArk.it allows users to buy and sell items without having to trust each other, or a third party. Through the use of browser side cryptography and a client-s…

 

Trustatom uses multi-signature bitcoin addresses to provide cheap escrow to anyone with bitcoin. This is the first example of a smart contract, made possible…
Video Rating: 5 / 5

 

5 Comments

  1. avatar Telemetry Invoine says:

    This seems brilliant, but what do you do in the case that the buyer does
    receive their purchase but claim that they either didn’t or that it was
    damaged/faulty when it isn’t?

  2. avatar georgem says:

    Now I finally get it. lol…. took me some time, but now I understand how
    BOTH will have something to lose and will want to resolve this escrow
    situation in a beneficial matter to both parties. Thanks to this awesome
    video! But what happens if a party STILL plays foul, just to cause damage
    to the other person (you know, like the story with the scorpion who can’t
    deny his nature….) the BTC will be stuck in this multisignature address
    forever???

  3. avatar Bus Bart says:

    Trustatom uses multi-signature #bitcoin addresses to cheaply and
    effectively offer escrow to everyone. 

  4. avatar Bus Bart says:

    Trustatom uses multi-signature #bitcoin addresses to cheaply and
    effectively offer escrow to everyone. 

  5. avatar Spencer Ellis says:

    Nice work +Alex Millar $1 +ChangeTip 

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