Introduction of Escrow in cryptocurrency
The newest blockchain technology available today is called smart contracts. Smart contracts are software programs that execute transactions without any third party involvement, such as banks or other middlemen. They have a few different uses, but one of the most interesting and exciting uses for smart contracts is the escrow service.
The concept of an escrow service is that you pay someone money in advance for the fulfillment of a task or receipt of an item, and only upon verification by the third party (the escrow service) can the payment be released to the recipient.
Escrow services have existed in some form or another for many years. One example of an escrow service would be having your realtor hold onto your deposit check until you close on your house. This way you know that he will not access your money until after the deal goes through and no one else can get at it to spend it on something else first.
Another example would be when you order something online and they require you to submit payment before they will ship out your item. Once you provide payment, they ship out your item and then release payment to the seller once you verify that everything arrived as expected.
What is Zenland?
Zenland is a blockchain-based platform that makes it easy to buy and sell just about anything using smart contracts. If you have something you want to sell, all you need to do is connect your wallet, choose from our templates, and create your smart contract. Zenland escrow smart contract use cases are designed to make P2P marketplace and SaaS integration more accessible than ever.
One of the biggest hurdles for companies looking to integrate blockchain technology into their business is the difficulty of defining a concrete use case. The infrastructure required for utilizing smart contracts can be costly and time-consuming, and it isn't always immediately clear how a particular use case will benefit an organization while integrating blockchain.
Escrow smart contracts securely lock funds in the blockchain, releasing them only after conditions are met by both parties. And if there's any dispute about what was agreed upon, trained Zenlanders will judge disputable cases to bring you resolution (and peace of mind).
How Does It Works?
Zenland use a gateway to smart contracts, a decentralized platform that enables users to easily create and execute smart contracts on the Ethereum blockchain. Zenland provides users with templates for creating their own contracts, as well as an easy-to-use interface for creating and executing smart contracts.
The Zenland platform empowers users to create and execute their own smart contracts by simply following the user friendly interface provided by the platform. The platform also allows users to participate in or manage crowdsales or token sales on the Ethereum network. It's designed to be easy to use and understand by non-technical users, while still being powerful enough to power all types of business interactions.
Users can also use Zenland's marketplace to find trusted contractors from around the world who offer services such as freelancing, freelance writing, translation, and graphic design.
Zenland aims to help people build a more fair and just world by empowering them with access to this technology at no cost. By removing the middleman from these transactions, everyone involved can make informed decisions about what they want their agreement to say without having to hire a lawyer or go through any other unnecessary steps.
Benefit if You Use Zenland Escrow Service
Zenland is a smart contract platform that runs across multiple blockchain networks. These self-executing contracts can be used to create anything from decentralized exchanges to trustless gambling, with the open source templates making it easy to build on any blockchain network.
Zenland smart contracts can be used to create decentralized escrow contracts, which allow money to be exchanged between two parties while ensuring neither side can gain access to the funds without fulfilling their end of the agreement. This ensures that all transactions are fair and safe, and that both sides have a guarantee that the other will fulfill their promises.
Businesses can use Zenland’s escrow contracts for selling goods or services. No longer will you need a centralized organization like PayPal or Ebay to act as the third party in your transactions—you can simply create an escrow smart contract on Zenland and begin conducting business directly! Individuals can also use Zenland for peer-to-peer trading, whether it is for rare collectibles or just about anything else you could think of.
Another exciting feature of Zenland is the ability to create your own smart contract templates. You could create a template that allows anyone from around the world to play poker against each other using Ethereum—the possibilities are endless.
Finally, Zenland an ecosystem which allow users to create safe, fair and secure smart contracts across various blockchain networks with a few clicks.
Zenland contracts are self-executed programs that are run across supported blockchain networks with the click of the buttons. Designed with non-technical users in mind, a promise to bring smart contracts to regular use and transform how this escrow smart contract do business today.
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- 💠From 0.1 BNB - 10 BNB
- 💠Rate: 1 BNB = 15500 ZENF (1 $ZENF = $0.02)
- 💠Allocation 4,650,000
For more information, visit Zenland offical webiste and follow media social account below:
Zenland Website: https://zen.land/
Official Token Presale Round I: https://token.zen.land/
Telegram: https://t.me/zenlandofficial
Escrow App: https://app.zen.land/
Discrod: https://discord.gg/gXdd8bd6Ez
Twitter: https://twitter.com/zenland_app
Author
Username: Mali Sekalas
BTT Profile Link: https://bitcointalk.org/index.php?action=profile;u=3429366
BEP-20 Wallet Address: 0xe86F6B32a2fed00F027D966FF70f14F0104A08A0