Decentralized Escrows for Secure Web3 Transactions

What is Elektroscrow?

Elektroscrow is the first fully decentralized escrow service, built on robust EVM blockchains to empower secure and private transactions. By using immutable smart contracts, it removes the need for a centralized third party—ensuring both buyer and seller maintain control over their funds until a mutual decision is reached. This trustless design not only enhances security but also safeguards user privacy by requiring no personal information beyond wallet addresses.

Whether you’re exchanging digital goods or services, Elektroscrow delivers a frictionless, transparent, and reliable experience that stands at the forefront of decentralized finance innovation.

What is an Escrow Service?

An escrow service is a financial arrangement in which a neutral third party holds and regulates the funds or assets on behalf of two parties involved in a transaction. The primary purpose is to add a layer of protection for both the buyer and the seller, ensuring that neither risks losing their money or product if the other fails to meet agreed terms. Once each side fulfills its obligations—such as delivering goods, services, or making payments—the funds held in escrow are released according to the predetermined conditions. This process fosters trust, mitigates risk, and simplifies dispute resolution, making it an essential mechanism in various types of digital and traditional transactions.