⭐Importance of P2P Escrow in Blockchain

In the blockchain ecosystem, transactions are designed to be irreversible. This feature, while ensuring immutability and security, also means that if a transaction goes awry, there is no central authority to appeal to for a refund or reversal. This lack of recourse amplifies the importance of a secure P2P escrow service. Peerkeeper ensures that funds are only released when both parties are satisfied, mitigating the risk of loss and fostering a safer transactional environment. By incorporating a decentralized escrow service, we provide a critical safety net in the Web3 space, where trust and security are paramount but hard to guarantee without such mechanisms.