Post
Topic
Board Development & Technical Discussion
Merits 10 from 3 users
Re: Is it possible to create a blockchain with an escrow mechanism?
by
odolvlobo
on 19/05/2024, 21:48:41 UTC
⭐ Merited by pooya87 (4) ,BlackHatCoiner (4) ,ABCbits (2)
Hello!

I'm interested in the possibility of integrating an escrow mechanism into a blockchain. I know that escrow is often used to protect the interests of parties in various transactions, and I would like to know if similar functionality can be implemented using blockchain technology.

Basic escrow is a 2-of-3 multisig.

I think a trustless escrow would would have to be done in a layer on top of Bitcoin because it is aware of only a very limited set external criteria.