Author Topic: The World’s First Documented Sale on a Decentralized Online Marketplace  (Read 732 times)

0 Members and 1 Guest are viewing this topic.

Offline bitxbay

  • Newbie
  • *
  • Posts: 1
    • View Profile
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.
read more...