Bitrated
Bitrated is a web platform that provides arbitration and dispute resolution services for Bitcoin transactions and contracts. It allows users to select trusted agents to escrow Bitcoin payments and mediate disputes.
bitcoin
cryptocurrency
arbitration
dispute-resolution
escrow
Bitrated: Secure Arbitration Platform
A web platform providing arbitration and dispute resolution services for Bitcoin transactions and contracts, with trusted agent escrow options for secure payments.
What is Bitrated?
Bitrated is a web-based platform built on top of the Bitcoin network that offers arbitration and dispute resolution services for Bitcoin payments, transactions, and contracts. It aims to provide protection and recourse for Bitcoin users without relying on traditional legal systems.
Here's how Bitrated works: Users select a third party that they both trust, called an agent, to escrow Bitcoin payments or enforce contracts. Agents can be individuals like lawyers or organizations. If there's ever a dispute between the two parties, the agent reviews evidence and makes a decision to resolve it.
Some key benefits of Bitrated include:
- No need to handover control of funds to a centralized authority - assets remain secured by the Bitcoin network
- Globally available, not restricted by jurisdiction
- Transparent reputation system for agents
- Control over selecting your agent
Bitrated Features
Features
- Escrow service for Bitcoin payments
- Dispute resolution for Bitcoin transactions
- Ability to select trusted agents as arbitrators
- Arbitration and mediation services
- Support for multi-signature transactions
Pricing
- Free
- Custom Pricing
Pros
Increased security for Bitcoin payments
Avoid disputes and scams
Transparent and decentralized arbitration process
No centralized authority or control
Arbitrators have reputation at stake
Cons
Experimental platform, not widely adopted yet
Limited to Bitcoin only
Arbitrators must be trusted by both parties
Arbitration not free and costs extra fees
Official Links
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