What is Escrow System? How does it work?
Edward last edited by
Bitcoin Escrow System means a mediator that keeps the user's transaction safely.
For Example, In an e-commerce site, the seller wants to sell the product he/she can post an ad according to the products. The buyer can search for an item by seeing the seller's post ad, location, price of the product. If a buyer is interested to buy a product he/she wants to pay money to buy an item.
In some cases, the seller can’t receive the buyer transaction money or the buyer can't receive the item. In this case, the escrow system will resolve these types of issues.