Created
March 9, 2014 23:08
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Say, you want to buy some Mastercoins, but you are not sure, if the seller wants to scam you. | |
Step 1: The Seller prepares a signed "send" transaction and tells the buyer the transaction hash. | |
Step 2: The Buyer prepares a signed transaction for the payment and uses the "send" transaction's hash as input. | |
The buyer then sends the seller the raw transaction and the seller broadcasts both. | |
If the seller invalidates the "send" transaction, his payment is also invalidated. |
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