Instead of trusting a company to hold your money, CHNCLR uses cryptographic guarantees to ensure funds can only be released when agreed-upon conditions are met. You maintain control of your assets while gaining the security of traditional escrow.
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"
Built on the most secure and decentralized network
Like a safe deposit box requiring two keys to open
Decentralized communication with NIP-04 encryption
Partially Signed Bitcoin Transactions for secure signing
Alice and Bob agree on dispute terms and select Tom as arbitrator. Each party provides their Bitcoin public key and Nostr public key for coordination.
CHNCLR generates a 2-of-3 P2WSH multisig address using all three parties' Bitcoin public keys. Funds are deposited to this trustless escrow - like a safe deposit box requiring two keys to open.
When resolution is needed, CHNCLR creates a Partially Signed Bitcoin Transaction (PSBT) and shares it securely via encrypted Nostr messages. No private keys are ever shared.
Parties sign the PSBT using their hardware wallets via QR codes or WebUSB. Your keys never leave your device - you maintain full control.
Once 2-of-3 signatures are collected, the transaction is broadcast to Bitcoin. Settlement is final, irreversible, and requires no trusted third parties.
Partially Signed Bitcoin Transactions enable secure, coordinated signing across multiple parties without sharing private keys.
Pay-to-Witness-Script-Hash provides efficient, secure multisig with reduced transaction fees and enhanced privacy.
Decentralized communication protocol with NIP-04 encryption ensures private, censorship-resistant coordination.
Automatic timeout refunds protect against unresponsive parties through Bitcoin's native timelock functionality.
Transform your next disagreement into a settleable dispute with skin in the game.