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So cryptocurrencies allow you to buy something from someone you don't trust? How does that work?
by lottin 5y ago
So cryptocurrencies allow you to buy something from someone you don't trust? How does that work?
- SuoDuanDao 5y agoFor a transaction like that up to now, you'd need someone you both trust to hold the payment in escrow until the transaction clears. Crypto automates the job of the trusted third party because you can both audit the code and predict what will happen.
- lottin 5y agoThe code doesn't know whether the terms of the agreement have been fulfilled.