A trusted third party that holds something of value until both sides are happy.
Questions tagged [escrow]
48 questions
20
votes
8 answers
Which Bitcoin escrow services are available - and reliable?
For some transaction, the possibility of generating "chargebacks" might be very useful. For example, when trust cannot be established between both parties. In such cases, a trusted third party may be very helpful. One very well known and reputable…
Jashan
- 411
- 4
- 7
13
votes
1 answer
How does one make multisignature transactions with the bitcoin client?
With the release of bitcoin version 0.6.1rc2, it is now possible to do M-of-N required signature transactions in the main network. But how does one actually perform such a transaction?
I've been trying to piece together how to do this mostly from…
bastabob
- 471
- 4
- 9
10
votes
5 answers
Decentralized escrow functionality built into Bitcoin?
AFAIK there are a few websites out there that offer escrow services for Bitcoin. Those however are central, i.e. I have to "trust" them.
Is it being discussed, is it theoretically possible, or does the blockchain technology already enable to…
herzmeister
- 3,507
- 3
- 23
- 22
9
votes
1 answer
Implementing Multi-Sig Escrow?
I want to start a BTC market. I understand all the ways to go about creating a site, it's just the payment implementation which confuses me. I want multi-sig transactions capable between my users on site. If I understand correctly, multi-sig…
tacoma
- 307
- 1
- 6
9
votes
1 answer
How do I implement an escrow service using Bitcoin contracts?
I can see that Bitocin can provide escrow contracts. https://en.bitcoin.it/wiki/Contracts#Example_2:_Escrow_and_dispute_mediation
Can someone provide a worked example or even better a pointer to a code example.
Ian Purton
- 1,000
- 6
- 12
9
votes
1 answer
Is there a way to publicly raise Bitcoin funds?
What services are available to publicly raise Bitcoin funds?
I'm considering setting up a Bitcoin fund that would accept BTC donations. If the fund doesn't reach a certain value after a time, I'd like it to refund the BTC. Also, I'd like to give…
ACyclic
- 427
- 3
- 7
9
votes
1 answer
How do I use Multisig transactions to handle escrow needs?
I want to do a private escrow between me and someone else for a Bitcoin miner, and it will take weeks or months for that miner to arrive.
I think multisig is an easy trust-free way to accommodate this. What is the correct sequence of actions that…
makerofthings7
- 12,656
- 11
- 60
- 129
6
votes
2 answers
What are "routine escrow mechanisms"?
The original Nakamoto paper states
routine escrow mechanisms could easily be implemented to protect buyers
What is meant by "routine escrow mechanisms"?
Randomblue
- 783
- 8
- 18
6
votes
1 answer
How can I create an eWallet in PHP?
My experience with PHP is not the best, but it's good enough to learn and expand. I wish to create a Bitcoin eWallet for my website where it automatically creates a Bitcoin wallet for users. This wallet will also do other stuff, such as generate a…
Moyle Jack
- 61
- 2
6
votes
3 answers
What clients support escrow transactions apart from Blockchain's MyWallet?
By escrow transactions I mean basic 2 of 3 multi-signature transaction like here https://blockchain.info/wallet/escrow
Are there any other bitocoin clients where I can do this?
Alexey Kalmykov
- 754
- 6
- 18
5
votes
1 answer
Using Bitcoin contracts to run a betting site without the need for deposits?
There are a couple of bitcoin betting sites, but they all seem to require making a deposit with them. Is it possible to somehow use the Bitcoin contract system to establish a distributed betting pool? Once the bet is decided one way or the other,…
Thilo
- 4,751
- 5
- 25
- 37
5
votes
1 answer
Escrow multisig output tx
Can someone please explain the third (Escrow) output transaction listed here:
https://blockchain.info/tx/09dd94f2c85262173da87a745a459007bb1eed6eeb6bfa238a0cd91a16cf7790?show_adv=true
What the exact intention and the expected result ?
Roman Mandeleil
- 321
- 2
- 6
5
votes
1 answer
How do big sites/markets handle the intrinsic "transaction fees"?
For example, on the late SilkRoad market, or in bitcoin mixing services.
They supposedly have a "pool" account (or escrow acct, etc) where all the coins go in to, and from which withdrawals are made.
Wouldn't such a setup be a nightmare regarding…
blurp
- 51
- 1
4
votes
2 answers
How to make a homomorphic preimage/payment hash with current lightning network / Bitcoin implementations?
If I remember / understand it correctly by using the mechanisms from the scriptless scripts paper we could easily create homomorphic preimages / paymenthashes.
I think this would be a very desirable property (in combination with shamir secret…
Rene Pickhardt
- 11,670
- 8
- 35
4
votes
3 answers
How much escrow/ Multi-signature transactions are done?
I have read here about the possibility of Multi-signature transactions. Is there a statistic available how much of these are done?
user599464
- 446
- 4
- 11