Introduction to Tethermalls Blockchain Escrow Service

Hello Tethermalls Community!

Today, through our first official blog post, we’d like to introduce you to the core values and technology behind our service. Tethermalls operates under the vision of “Opening a new era of trading with blockchain security,” providing an innovative DeFi Escrow service powered by Web3 technology.

What is Tethermalls?

Tethermalls is a DeFi Escrow service utilizing Web3 technology that safely protects users’ assets from risks such as hacking and theft by depositing them on the blockchain rather than managing them directly. Unlike traditional escrow services, transaction funds in Tethermalls are securely stored in blockchain smart contracts, not in centralized servers or accounts.

Why Blockchain Escrow?

Traditional escrow services have several significant limitations:

• Assets stored in centralized servers/accounts
• Service providers can access funds
• High risk of hacking
• Lack of transparency in asset movement
• Manual processing methods
• Possibility of transaction condition tampering

Tethermalls introduced blockchain technology to address these issues:

• Secure asset storage through blockchain smart contracts
• Service providers cannot access funds
• Minimized hacking risk through distributed ledger technology
• Completely transparent transaction records on the blockchain
• Automated transaction processing via smart contracts
• Tamper-proof transaction conditions recorded on the blockchain

Tethermalls Security Process

Tethermalls provides the highest level of security at every stage from the beginning to the completion of transactions:

1. Contract Establishment: Buyers and sellers agree on transaction terms and create a smart contract
2. Fund Deposit: Buyer’s funds are securely deposited into a blockchain smart contract
3. Fulfillment Verification: Process of seller providing goods/services and buyer confirmation
4. Automatic Settlement: When conditions are met, the smart contract automatically transfers funds to the seller
5. Transaction Completion: Transaction details are permanently recorded on the blockchain and the transaction is completed

Types of Transactions Supported by Tethermalls

Tethermalls supports various types of transactions:

• Cryptocurrency: Various cryptocurrencies through P2P methods
• Services: Various services payable with cryptocurrency
• Shopping Mall: Various items purchasable with cryptocurrency
• Escrow Transactions: Transaction guarantee by depositing cryptocurrency

Supported Networks

Tethermalls currently supports two major blockchain networks:

• Ethereum Network: ERC20-based USDT and USDC available through Metamask wallet
• Tron Network: TRC20-based USDT and USDC available through TronLink wallet

You can use the service by logging in with your existing wallet without separate registration.

Fee Policy

Tethermalls operates a transparent fee policy and charges only a 1% fee. There are no hidden fees.

Future Plans

Tethermalls will continuously improve and expand its services. We will strive to support more blockchain networks, add new features, and provide an enhanced user experience.

Your valuable feedback and opinions are a great help in improving Tethermalls services. If you have any questions, please feel free to contact us anytime.

Thank you!

The Tethermalls Team

This blog post is the official introduction to Tethermalls. You can check the latest news about Tethermalls through the official website and social media channels.