Mace Protocol

Problem Statement

🌐 An open-source protocol that allows anyone to create and deploy their own marketplaces on the Ethereum blockchain in a few seconds. Protocol for voting tha tcan be used for any ETH dApp or marketplace. Pprovides the infrastructure for decentralized marketplaces and payment applications, by allowing anyone to deploy their own marketplaces, with secure escrow mechanisms and on-chain dispute resolution. While obtaining

Solution

Scaffold ETH 2Lancerprovides the infrastructure for decentralized marketplaces and payment applications, by allowing anyone to deploy their own marketplaces, with secure escrow mechanisms and on-chain dispute resolution. While obtaining:Lower Fees: Marketplace owners can offer reduced fees because locked funds generate yield through lending protocols, providing an automatic extra income.Fast Payments: Users can withdraw instantly to their wallets, avoiding conversion costs and cross-border bank delays.Free Payments: Transfers through Ethereum have zero extra costs even in case of cross-border payments.Trustless Escrow: Smart contracts lock funds, releasing only on verified conditions.Transparency: The entire system is open-source and immutable while all transactions are public on Blockscout.Honesty: In case of disagreement, users can request a dispute resolution, which based on games' theory incentivaze jusged to for being honest.