A decentralized escrow platform for making cryptocurrency transactions between two parties
Updated: 2017-09-10 08:37:12 UTF
PAYFAIR is a decentralized escrow platform for making cryptocurrency transactions between two parties. It is ensured with PAYFAIR tokens (PFR) based on Ethereum blockchain Low fees for making a transaction, its safety and privacy Saving time when making a transaction, no third parties or bureaucracyPFR tokens are an essential part of the system. Tokens create trust nodes, ensuring the trade between counterparties.
How does the project create value to the ecosystem and differs from competing projects:
- Decentralization is ensured by blockchain technology. Trust nodes and escrow nodes are rewarded.
- Each trade, which uses escrow is ensured by PFR tokens. Escrow-node is responsible for each trade, which he or she participatesipated.
- Counterparties make a safe trade due to independent escrow nodes. Fees are significantly lower comparing to traditional escrow services. Using cryptocurrencies makes trades safer and more anonymous.
- Automatization of the system to the most possible degree and distribution of fees between the nodes. Open-source code.
Ethereum Ether (ETH) Blockchain
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