Multiparty Escrow

Every effort has been made on behalf of Reckless Capital to mitigate counter-party risk. In order to limit risk each participant in each transaction provides a public key which is then used to create a multi-signature deposit address. The participants in the mutli-signature contract are the Buyer, Seller, and Reckless Capital. Reckless Capital acts as a trusted escrow which will monitor the Lightning Network and automatically detect if all conditions of a given offer have been met, or the conditions breached. Once the contract has been funded and accepted the funds are locked until 2-of-3 participants in the contract sign a withdraw transaction. In the event Reckless Capital unexpectedly closes participants may utilize the redeem-script to attempt a withdraw.