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INTERNATIONAL JOURNAL OF SCIENTIFIC DEVELOPMENT AND RESEARCH
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ISSN Approved Journal No: 2455-2631 | Impact factor: 8.15 | ESTD Year: 2016
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Issue: May 2023

Volume 8 | Issue 5

Impact factor: 8.15

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Paper Title:	A DECENTRALIZED ESCROW PROTOCOL THAT FACILITATES SECURE P2P PAYMENTS BETWEEN TRUSTLESS PARTIES
Authors Name:	G. PHANEENDRA BABU , A. S. JAYADITHYA , E. RAJU , B. GIREESH KUMAR , R. MUTHUVENKATAKRISHNAN
Unique Id:	IJSDR2305097
Published In:	Volume 8 Issue 5, May-2023
Abstract:	A decentralized escrow protocol makes it easy for people who don't trust each other to make safe payments. The Escrow protocol is used. Before a transaction can be made, tokens are sent to an escrow, which is a third-party smart contract. Once the terms of payment have been met, the escrow will release the tokens. Each party to a transaction is responsible for delivering the agreed upon good or service and making the corresponding payment. One party shouldn't be able to back out of a deal at the other party's expense. Once the code for the smart contract is recorded on the blockchain, it cannot be altered. This makes sure that the escrow functionality is safe. This gives everyone involved in the trade peace of mind that they won't be taken advantage of.
Keywords:	Escrow, Blockchain, Smart Contracts, Ledger, Decentralized, Consensus, Cryptocurrency, Transparency, Decentralized Applications.
Cite Article:	"A DECENTRALIZED ESCROW PROTOCOL THAT FACILITATES SECURE P2P PAYMENTS BETWEEN TRUSTLESS PARTIES", International Journal of Science & Engineering Development Research (www.ijsdr.org), ISSN:2455-2631, Vol.8, Issue 5, page no.650 - 655, May-2023, Available :http://www.ijsdr.org/papers/IJSDR2305097.pdf
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Publication Details:	Published Paper ID: IJSDR2305097 Registration ID:205747 Published In: Volume 8 Issue 5, May-2023 DOI (Digital Object Identifier): Page No: 650 - 655 Publisher: IJSDR \| www.ijsdr.org ISSN Number: 2455-2631

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