Step 4 - The Ethereum Blockchain Securely Holds the Money in Escrow

When Crypto My Biz Smart Contracts are created, they are sent utilizing the Ethereum blockchain.

There, 2000 plus independent validator nodes constantly monitor the blockchain, and your Smart Contract, to ensure that your money remains safe and secure.

Neither the Smart Contract Creator, nor the Smart Contract funder, need to do anything further with the funds in the Smart Contract. The funds remain safe and secure on the blockchain with no further intervention until either the business owner is approved for payment, the contract is cancelled or the contract reaches its expiration date. 

The entire time the funds are “On Chain” it’s free. There are no maintenance fees, no storage fees, no data fees etc. It’s like using the world’s most secure bank that doesn’t charge you anything.