Zeebu Lingo: Escrow Explained.
06 Jan 2025, 13:05
š Zeebu Lingo: Escrow Explained
In the world of Web3 and DeFi, Escrow plays a crucial role in ensuring trustless and secure transactions.
An on-chain smart contract wallet, Escrow securely stores assets and releases them only when specific conditions are met.
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Why is this important?
Reduces counterparty risk
Enhances transparency and security
Eliminates the need for intermediaries
From cross-border payments to NFT deals and DeFi applications, Escrow is the backbone of seamless, smart, and automated transactions in the decentralized economy. š
#Web3 #SmartContracts #DeFi #Blockchain #Escrow #Zeebu