The Reason Why Use Escrow Contract?
On the Web 2.0, users are used to trusting centralized systems with their personal data and financial assets. But, as you all know, centralized systems can be breached, misused and manipulated by malicious actors who can harm user interests or even steal their assets.
In the world of peer-to-peer transactions, escrow (also called third-party trust) refers to a system that enables secure transactions between two parties who do not know or trust each other. It allows for more efficient, secure and transparent transactions for goods and services between buyers and sellers.
The role of an escrow service provider is to hold funds in a trust account until certain conditions are met by both parties. The funds are then released to the seller or buyer after successful completion of the transaction. As you can see, when you use our web3 escrow solution and a smart-contract-based escrow, it is impossible to violate the contract.
Furthermore, Zenland is just one smart-contract away from being deployed to the Ethereum mainnet, allowing utility tokens to be instantly exchanged for ETH or other ERC20 tokens at fair market value. This is a huge step toward making web3 escrows accessible to everyone while keeping a level playing field without costly overhead.
How Zenland Blockchain Smart Contract Escrow Architecture Works
Zenland is a decentralized network of individuals and services, where users can connect to each other directly. This design decision enabled Zenland to keep the contract conditions clear and simple.
The smart contract architecture is at the core of Zenland’s escrow service, enabling users to choose the terms and conditions for their transactions. To achieve its goals, Zenland needed a flexible system that would allow users to define their own escrow conditions with a limited set of actions and rules.
In addition, given that blockchain technology is still largely unexplored, the contract architecture had to be versatile enough to be customized by users in the future as new blockchain features are developed.
Zenland's escrow contracts use Ethereum's smart contracts technology as their escrow model. Smart contracts provide an open, distributed ledger that can move value between participants safely and transparently.
Benefit of Zenland Escrow Contract
Zenland is the first decentralized escrow platform that allows you to buy and sell anything in a fair way. You can use it to buy any goods and services, digital or physical, with confidence that they will be fulfilled as promised.
The smart contract system that Zenland uses is transparent and open, so you can see every transaction on the blockchain explorer website. This means you can verify the legitimacy of what's being sold, whether it's crypto or physical goods.
And because Zenland has no central authority, there's no one who can change the terms of your contract without your consent—which means you'll never have to worry about getting ripped off again.
Aims Of Zenland
Zenland is a decentralized ecosystem that aims to redefine the way people interact with each other. It offers an alternative to traditional centralized marketplaces, which have been plagued by fraud and scams. Zenland's goal is to provide a safe, secure, and transparent environment for users to buy and sell goods online.
Zenland has built-in incentives for all parties involved in the transaction process, including the seller, buyer, escrow agent, and marketplace. The platform provides various ways for its users to earn rewards through their participation on the network.
The ZENF token is used as a utility token within the Zenland ecosystem. This means that users can use it as a means of payment for transactions on the platform or as an incentive reward system for participating in various campaigns hosted by Zenland itself or by third parties who want to hold contests using this ecosystem's tools and services.
When you're buying or selling online, there are a lot of things that can go wrong. You might get scammed, or you might end up with a product that doesn't work as advertised. Either way, it's a pain in the neck and an inconvenience you didn't sign up for.
At Zenland, this ecosystem want to make sure that every transaction is fair and safe for everyone involved. That's why we've created a simple blockchain solution so that users can buy, sell, and collaborate directly with no risk.
Here's how you can deals if using Zenland:
Buyer and seller create and edit payment terms until the contract is mutually approved by both parties.
Publish it to the blockchain (and keep track of everything in Metamask—our Ethereum wallet), then close the deal once both parties have accepted via their Metamask accounts!
If there are any issues at any point during this process, users can also renegotiate terms or work out problems anonymously via our contract chat feature (which allows for anonymous reporting).
If there's an issue that neither party can resolve on their own (or if one party refuses to cooperate), then an impartial third party can step in and help out.
Zenland Fee ($ZENF) token information
Zenland Fee ($ZENF) token is own native utility token powering the Zenland escrow ecosystem.
- Ticker: ZENF
- Type: ERC-20
- Network: Ethereum Mainnet
- Decimals: 18
- Total supply: 200,000,000
- Contract: 0xE9b7B5D5e8d2BCC78884F9F9099bfA42A9e5c1A5
You can only participate in one round. So, make sure that you don't miss out on priority spots to get the best price.
>> Join $ZENF Presale: https://token.zen.land/
Conclusion
Zenland is a solution to the issues in the industry today. It's designed in a way that will make smart contracts increasingly accessible for casual users over time. With their intuitive user interface and growing platform of partners, this platform believe Zenland will make smart contracts mainstream in no time.
The vision is to create a blockchain powered haven for smart contracts and cryptocurrencies that are accessible to everyone, enabling people to do business with trust, fairness and efficiency.
You can find more information about the upcoming $ZENF presale update by visiting their website below:
Zenland Website: https://zen.land/
Follow Zenland in Twitter: https://twitter.com/zenland_app
Telegram Group: https://t.me/zenlandapp
Discrod: https://discord.gg/gXdd8bd6Ez
Author
Username: Silvana Esteves
Profile Link: https://bitcointalk.org/index.php?action=profile;u=3424992
BEP-20 Wallet Address: 0xB7A8b6FcAE5fA8FD99EF50f5F57a5239f5BFf328