wjorgensen/escrow-contract

A solidity contract for holding funds in escrow on an EVM compatible network

Escrow Contract

Description

The Escrow Contract is a Hardhat project designed to facilitate secure transactions between two parties. The contract acts as a trusted intermediary, holding funds until certain conditions are met. This is based upon the OpenZeppelin escrow contract but with third party authentication.

Escrow.sol Breakdown

Functions:

• setPassword(bytes32 password): Allows the third party to set an encrypted password.
• holdingBank(): Accepts and holds funds sent to the contract.
• timeRanOut(): Allows the owner to retrieve funds if the escrow period has ended without a successful transaction.
• checkTimeLeft(): Returns the time left before the escrow period ends.
• successfulTransaction(string memory password): Allows the third party to release funds to the receiver upon successful password verification.

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View the detailed contract here.

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