Re: [XMT] Coin with built-in escrow - Paper discusssion by
on
17/07/2014, 00:09:25 UTC Metacoin is not like any other altcoin. Development to include a decentralized clearing system in its core started. This feature will make this coin truly unique with something that even bitcoin didn't achieved. For example with metacoin you will be able to exchange other altcoins without the need of an escrow or reputation thread. You'll be able to buy almost anything without worrying to get scam by a malicious seller...
The contracts in it allow metacoin transaction to be enforceable if anything goes wrong; these contracts can be redemeed at any time or get listed in an OTC market. It's a major stepstone since bitcoin itself. Don't miss out and read the paper here