Ethbox provides a unique solution to a problem in cryptocurency trading that is as devastating as it is widespread. ethbox provides a smart contract based digital escrow service to completely aleviate any risk of loss while sending cryptocurency.
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Ethbox is a platform providing a smart contract-based digital escrow service, to ensure that transferring funds between two or more parties takes place without any chance of failure. For this purpose, ethbox transactions are secured with two-factor authentication using MetaMask and an arbitrary passphrase. Once senders deposit funds into the ethbox smart contract, recipients can only retrieve the funds if they meet these two criteria: They connect to ethbox via MetaMask using the sender-specified address, and they are in possession of the correct passphrase. The ethbox smart contract only executes the transfer upon all conditions being met.
Thu, Mar 18, 2021 2:47 AM