Cryptarbitration. verb. The process of using distributed ledger technology, crypto-currencies and crypto-contracts to manage counter party risk.

v. collectively or individually finding someone/something to blame for a problem, as opposed to brainstorming which connotes finding solutions to a problem

n. the act of finding someone/something to blame for a problem

(from a TV ad for HD television)

The process of digitally arbitrating crypto-contract disputes. The process involves utilizing additional party’s to a crypto-contract, whom receive fees from the crypto-contract for their arbitration services. The fees are paid to the cryptarbitrator depending on if the crypto-contract is completed without dispute or if the crypto-contract is being disputed. If the cryptarbitrator has to resolve the crypto-contract, it will receive additional fees for the arbitration and potentially even more fees depending on the specific terms of the crypto-contract itself that is in dispute.