BitShares Forum

Main => Technical Support => Topic started by: bitsharesaddict on June 18, 2015, 02:06:27 pm

Title: a newbie questions on bitshares be gentle if dumb
Post by: bitsharesaddict on June 18, 2015, 02:06:27 pm
how does bitshares decentralized marketplace work?
is the information stored on the blockchain?
if someone clones the coin would they just create another marketplace?

i really think bitshares is the way forward and above btc
Title: Re: a newbie questions on bitshares be gentle if dumb
Post by: cylonmaker2053 on June 18, 2015, 02:11:15 pm
Welcome! I'm not as tech savvy as a lot of the commenters in this forum, so i'll leave the tech question for them...

Just curious what brought you to BTS and why you think it's superior to BTC?
Title: Re: a newbie questions on bitshares be gentle if dumb
Post by: santaclause102 on June 18, 2015, 02:24:57 pm
There is also a nice threat here https://bitsharestalk.org/index.php/topic,14528.msg217971.html#new incl. poll :)

The marketplace is decentralized for at least two reasons:
1) (like for example in counterparty) the tx processing / order matching is done on a blockchain.
2) it is possible to have markets in bitassets (for ex.: bitUSD / bitBTC) -> no counterparty risk

No sure what "information" you mean but assets, buy orders, sell orders are all stored on the blockchain.

Quote
if someone clones the coin would they just create another marketplace?
yes
Title: Re: a newbie questions on bitshares be gentle if dumb
Post by: bitsharesaddict on June 18, 2015, 02:34:50 pm
when i mean a marketplace i mean something like ebay
Title: Re: a newbie questions on bitshares be gentle if dumb
Post by: fav on June 18, 2015, 02:36:14 pm
when i mean a marketplace i mean something like ebay

we currently don't have a decentralized marketplace like ebay.