Scriptless Scripts

Scriptless Script technology allows the blockchain to implement a variety of transaction types. This technology includes support for atomic swapping, escrow, and time-locked transactions and more.

Atomic swapping enables users to exchange cryptocurrencies without a middle-man or exchange. Furthermore, atomic swapping is faster and cheaper than centralized alternatives.

In addition to atomic swapping, this technology allows escrow transactions. Escrows are commonplace in over-the-counter (OTC) cryptocurrency transactions. Escrows allow the buyer and seller to verify funds and thus, a secure transaction. Using this technology buyers and sellers can initiate escrow transactions safely and reliably.

Time-locked transactions are exactly what they sound like: transactions that will not go through until a time condition is met. Cryptocurrency based time-locked transactions have merit as no single party can alter terms, one of the benefits of decentralization.