Decentralized Escrow Service Feature in the Chia Wallet

[angry-mammoth]

Proposal for Implementing a Decentralized Escrow Service Feature in the Chia Wallet
Introduction

This document serves as a proposal for adding new functionality to the official Chia wallet. The objective is to implement a decentralized escrow service directly within the wallet, allowing users to conduct secure and transparent transactions without the need for third-party services or trust in an intermediary.
Feature Description
Key Features:

Deposits: The ability for both parties to send funds to a designated address controlled by a smart contract.
Confirmation: Each party can confirm that the terms of the transaction have been met.
Funds Release: Funds will be returned to both parties only after receiving confirmations from both sides.

Technical Aspects:

Programming Language: Chialisp for the smart contract.
Security: The smart contract should be rigorously tested on a testnet and assessed for security vulnerabilities.

Anticipated Benefits

Enhanced User Experience: Users will be able to utilize the escrow feature without leaving the wallet.
Transparency and Security: All operations will be recorded on the blockchain, ensuring a high level of transparency and security.

Conclusion

Implementing this feature could significantly expand the capabilities of the Chia wallet, transforming it from a mere storage and transfer tool to a powerful instrument for secure and transparent transactions between users.