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Main => General Discussion => Topic started by: bitxbay on July 28, 2014, 04:28:44 pm

Title: The World’s First Documented Sale on a Decentralized Online Marketplace
Post by: bitxbay on July 28, 2014, 04:28:44 pm
What is a decentralized marketplace? Today all online marketplaces (Amazon, eBay, iTunes, etc.) are centralized. Corporations own and operate them and all transactions occur through a centralized middleman. Decentralized marketplaces, on the other hand, have no middle man. There is no central authority that operates a central server, so there is no centralized point of failure. It is nearly impossible to shut down a decentralized online marketplace. Transactions occur on a peer-to-peer basis, so there is no centralized authority that can halt the transactions. Imagine if eBay was run on the computers of each user instead of being run from a centralized server. Imagine if there were no central authority restricting what people could and could not sell on eBay. That is what a decentralized online marketplace is all about.
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