The escrow is a first concept came into the bitcoin industry to secure the bitcoin transaction from buyer and seller. When the buyer and seller used to trades they trusted another third person in the exchange platform to end their trade safely without any scam.
HOW DOES BITCOIN ESCROW SCRIPT WORK?
In bitcoin exchange platform the is two parties seller and buyer. The buyer may request a seller to buy bitcoins for the fiat currency and the seller can search the nearest buyer through the location to sell their bitcoins for money.
Now, both traders meet in bitcoin exchange platform through the online or offline method.
In some cases, the seller may escape after receiving payment, and the buyer can leave immediately after getting bitcoin from the seller without sending the payment.
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