How does escrow works?

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Topic: How does escrow works? (Read 551 times)

waterpile (OP)

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How does escrow works?

June 26, 2014, 12:03:02 AM

is there someone bored or have a free time to briefly explain it to me. thanks

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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.

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AirC

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Re: How does escrow works?

June 26, 2014, 12:19:50 AM

Its just a third party member who holds the funds, until both sides agree.

Heres a perfect example:

www.escrow.com

deebob

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Re: How does escrow works?

June 26, 2014, 01:44:49 AM

Just like the person said above, its usually a trusted member like John K.

Who holds the funds, based on the agreements etc. Then funds are released with the okay sign with the buyer.

∞∞∞ dice.ninja ∞∞∞

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