Both Electrum and Copay provide a fairly easy way to do it. Create a 2-of-3 wallet together with your counterparty and the escrow agent.
While there is still a risk of the escrow agent colluding with the recipient to defraud the sender, the escrow agent cannot embezzle the funds on his own. Nor is he required to do anything in case the sender decides to release the funds.
While there is still a risk of the escrow agent colluding with the recipient to defraud the sender, the escrow agent cannot embezzle the funds on his own. Nor is he required to do anything in case the sender decides to release the funds.
Hey! Sorry for the late response. Thanks a lot! With bitcoin currently, are there any oracle services as the escrow agent? Like (ESPN for sports, Weather Network for weather at a certain time, etc?
