EscrowCoin price is $0.00009757
The current price of EscrowCoin (ESCO) is $ 0.00009757. During the last 24 hours, its price has increased by +0.00%.
EscrowCoin (ESCO) is a digital currency built on the principles of trust and safety. As the name suggests, it's designed to be used as a secure method of escrow during online transactions. This digital asset aims to ensure the smoothness and security of transactions in online markets, eliminating the risks of fraud and scams.
While specific names have not been disclosed, the creators of EscrowCoin are a team of experts in blockchain technology, finance, and online security. The team saw the need for a secure, trust-based platform for online transactions and thus EscrowCoin was born.
ESCO works on the principles of escrow, a financial agreement where a third party holds and regulates payment of the funds required for two parties in a transaction. This process helps make transactions more secure because the escrow provider ensures that both the buyer and seller fulfill their agreements.
EscrowCoin employs blockchain technology to decentralize the escrow process. While traditional escrow services require a trusted third party, ESCO creates trust through its secure, peer-to-peer network, thus ensuring that no single entity has control over the entire process.
What sets EscrowCoin apart from other cryptocurrencies is its focus on escrow services. The core idea is to provide a decentralized solution to a traditionally centralized process, ensuring the security of online transactions.
And unlike traditional escrow services, EscrowCoin doesn't require a trusted entity to oversee transactions. Instead, it uses blockchain technology to create a secure, trustless platform for online transactions, reducing the risk of online scams and fraud.
Currently, there are ESCO in circulation. The total supply of EscrowCoin is 3.3M.
EscrowCoin can be purchased on various cryptocurrency exchanges, but the exact platforms can vary since cryptocurrencies often get added or removed from different platforms. The currently available platforms include SouthXchange.
Like with all cryptocurrencies, it's crucial to follow certain safety procedures to protect your ESCO. Secure your devices with reliable protection software, keep your private keys and passwords safe, and don't share them with anyone. Also, store your coins in a secure wallet and use a trusted exchange when making transactions. Regularly update your security tools to protect your digital assets.
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