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Author Topic: ⚖️ trustless escrow ⚖️ decentralized dispute resolution ⚖️ escrow.kleros.io ⚖️  (Read 23 times)
stefek99
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January 10, 2020, 12:48:00 PM
Last edit: January 10, 2020, 01:03:52 PM by stefek99
 #1



TLDR: There are multiple guys on the forum offering escrow service.

Most of the transactions are smooth, no need for escrow. But in the rare instance when something goes wrong - it's super useful.

You can rely on a single individual resolving a dispute or do it in a trustless, decentralized, crypto manner.

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I need to apologize if you are in the "toxic maxi" camp - hyperbitcoinisation, world reserve currency, the only blockchain out there.

Sorry not sorry, I think that Ethereum has much better developer experience and there are some useful projects in the space.

Yeah sure, ICO bubble, 99% projects will go to zero, and yet there are a few gems with actual use cases, users, solid production code and actual game theory incentives behind having a token.

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Why token: https://medium.com/kleros/why-kleros-needs-a-native-token-5c6c6e39cdfe

TLDR: Jurors have incentives to vote coherently.
The game-theory and crypto-economics are solid: https://en.wikipedia.org/wiki/Focal_point_(game_theory)
The way how the Escrow works: https://blog.kleros.io/kleros-escrow-secure-your-blockchain-transactions-today/

Alice and Bob communicate off-chain and agree on a transaction.

Alice - seller - selling PNK, the ERC20 token native to Ethereum

Bob - buyer - Bitcoiner - buying PNK for BTC

1. Alice and Bob communicate off-chain and agree on the price, 100k PNK at 87 sat per 1 PNK

2. Alice creates a new payment. She needs the address of Bob:



3. Alice provides her BTC address



All the rest pretty simple, self-explanatory and automatic. The funds (100k PNK) are stored securely in escrow.
  • Once Alice receives BTC she can release the payment.
  • If Bob pays but Alice does not release, then the jurors step in.

https://escrow.kleros.io/

You can also use Kovan testnet between two accounts that belong to you, to test drive the thing.



To a certain extent yes.

Adoption. Usability. Real-life use cases. Something you can make us of Today!

I hope this message is balanced. Not shilling too much while presenting some useful functions in a trustless manner.

Here is a lot of shilling LOL: http://boards.4channel.org/biz/thread/16771017/kuhkuhkleros

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There were multiple bug bounties, just search for yourself "kleros escrow bounty"

The dispute resolution part has been battle-tested:
  • ~150 cases
  • ~200 jurors
  • ~$0.5m in deposits and fees


3 independent Kleros explorers

1️⃣ Oldest, most established: http://kleroscan.com/
1️⃣ Source: https://github.com/marczeller/Kleros-Monitor-Bot

2️⃣ https://dappalyzer.github.io/kleros-subgraph/
2️⃣ Source: https://github.com/dappalyzer/kleros-subgraph

3️⃣ Kleros explorer: https://kleroscan.netlify.com/
3️⃣ Source: https://github.com/sistemico/kleroscan

Don’t trust verify

If you are reasonably confident it’s not a scam - try with a small amount first... I'm not a doctor, not a lawyer, not your tax advisor, not a dog...

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Bonus feature:

I was trying things out and you can waive or release part of the payment.

I was testing on some minuscule amounts to see how things work but you should get an idea.


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