Escrow

Among the various categories of services offered on Taskhive, there are professional escrow services. It is important to choose a well trusted escrow agent in the web-of-trust.

Escrow can be initiated by transacting parties to prevent fraud, make resolving future potential disputes easier, and to facilitate payment exchange.

It is recommended, but not required, to always use an escrow agent for large amounts, with untrusted service providers and clients, and to help strengthen your web-of-trust rating.

While not binding, clients and service providers may recommend escrow agents they are comfortable working with in the initial proposal phases. This can be changed to a different agent at a later date for various reasons (e.g. availability, more affordable rates, payment method incompatibilities, etc.).

Escrow Market

Escrow market. (fill in data)

Escrow Agents

As a free market, any profile can become an escrow agent at any time by registering as such in the web-of-trust.

Deposit

Escrow agents must pay a deposit to the network of twice the amount intended to be handled at any given time (i.e. the amount they could steal). This deposit is made to an n-of-p bitcoin wallet signed by developers and the most trusted members of the community.