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Educational Byte: Decentralized Escrow—What It Is and Why You Should Use It
This story was originally published on HackerNoon at: https://hackernoon.com/educational-byte-decentralized-escrowwhat-it-is-and-why-you-should-use-it.
A decentralized escrow involves a platform that allows two parties to securely exchange assets without relying on middlemen or high fees. Let's discover more!
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Decentralized escrow removes intermediaries, reducing costs and increasing autonomy. Smart contracts automate transactions, ensuring that funds are only released when agreed-upon conditions are met. This method can be applied, among other uses, to crypto trading, freelance work, and digital goods purchases.
Published on 1 month, 4 weeks ago