Which of the following best describes an escrow transaction in the context of blockchain?

Question

Which of the following best describes an  escrow transaction  in the context of blockchain?

Answer

A payment that is processed immediately with no third party involved

Answer

A transaction that only occurs after a specified time period

Answer

A transaction where funds are held by a trusted third party until certain conditions are met

Answer

A transaction that is reversible, allowing the sender to cancel it

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