Sentences with phrase «decentralized escrow system»
By integrating smart contracts over its decentralized escrow system, UTRUST eliminates the potential for mistrust between sellers and buyers when cryptocurrency.
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Origami Payment is a decentralized payment system powered by the Ethereum blockchain with decentralized escrow for secure payments.
The company has instilled a new port of the Ethereum Virtual Machine to «extend Bitcoin's capabilities to include smart contracts — allowing decentralized autonomous organizations, social networks and identity systems, programmatic escrow systems, gambling and prediction markets.»
This system can be achieved by creating assets (that can represent shares in a company for example) or proxy tokens (crypto assets that represent a certain fiat or crypto currency) or through a decentralized multi-signature escrow system, among other solutions that are currently being developed.
Basically, proxy tokens, which are crypto assets that represent a certain fiat or cryptocurrency, are created through a decentralized multi-signature escrow system.