Transfer
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Until the transfer is done, the (seller) does not take any action and should not proceed with the order.
By transferring the of tokens into the contract, the (buyer) activates the contract. This change to the is time-stamped and can be traced through the .
Because the contract is on the blockchain, it can only store cryptocurrency tokens and not fiat.
If you are new to cryptocurrency, stablecoins in particular, please refer to "".
Unlike traditional escrow services, no authority or third party has access to funds kept by the . The blockchain nodes (individual computers) supervise all contract operations and prevent unauthorized access. This ensures the contract remains unbiased and fair for both parties.
Funds that both parties agreed upon remain in the contract until the Contractor fulfills the terms and delivers the order.
Good to know
Transfers have blockchain processing fees, a.i. gas fees.
More on gas fees and why they exist can be found in "".