EscrowDapp

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Frequently asked questions

What is EscrowDapp?

EscrowDapp is a decentralized application (dapp) that operates on blockchain technology and is secured by open source smart contracts. It serves as a neutral third party between buyers and sellers, protecting both parties from potential fraudulent actions by the other. The dapp utilizes smart contracts on the blockchain to lock the buyer's funds until the seller fulfills their obligations. EscrowDapp is built on multiple EVM compatible blockchains, including Avalanche, BNB Smart Chain, Ethereum, Fantom, Polygon, and TomoChain. It is a web3 tool that offers a secure and trustful escrow service, with on-chain transactions and verified smart contracts. The platform is decentralized, ensuring that no governing entity controls the user's funds and allowing for withdrawal at any time. EscrowDapp is designed to provide privacy and does not collect, hold, or store personal data, keys, account information, or passwords.

How does EscrowDapp work?

EscrowDapp is a decentralized application (dapp) that operates on blockchain technology and utilizes open source smart contracts to provide a secure and trustworthy escrow service. It acts as a neutral third party between buyers and sellers, protecting both parties from potential fraudulent actions. When a buyer initiates an escrow transaction, their funds are locked in a smart contract. Once the buyer confirms that the seller has fulfilled their obligations, the funds can be released to the seller. EscrowDapp operates on multiple EVM compatible blockchains, including Avalanche, BNB Smart Chain, Ethereum, Fantom, Polygon, and TomoChain. It is designed to be decentralized, ensuring that no governing entity controls the funds and allowing users to have full control over their funds without any restrictions. EscrowDapp is a web3 tool that prioritizes privacy and does not collect or store personal data, keys, account information, or passwords.

Why should I use EscrowDapp?

You should use EscrowDapp because it is a decentralized application (dapp) running on blockchain and secured by open source smart contract. It acts as a neutral third party between buyers and sellers, protecting both parties from potential fraudulent actions of the other. EscrowDapp offers secure and trustful transactions with verified smart contracts, allowing you to safely store funds. It is built for the benefit of the public, is open source, decentralized, and ensures the safety and security of your transactions. Additionally, EscrowDapp has a fixed 1% fee, is mobile-friendly, and supports multiple blockchains such as Avalanche, BNB Smart Chain, Ethereum, Fantom, Polygon, and TomoChain. When using EscrowDapp, your funds are under your control and no governing entity can prevent you from withdrawing them.

Is EscrowDapp open source?

Yes, EscrowDapp is open source. EscrowDapp is secured by an open source smart contract.

What is the fee for using EscrowDapp?

The fee for using EscrowDapp is a fixed 1% fee from escrow transactions.

Is EscrowDapp available on mobile?

EscrowDapp is "Mobile Friendly." So, yes EscrowDapp is available on mobile devices.

Which blockchains does EscrowDapp support?

EscrowDapp supports multiple blockchains including Avalanche, BNB Smart Chain, Ethereum, Fantom, Polygon, and TomoChain.