Decentralized Markets Kills E-commerce Stars: OpenBazaar

At the same time of the second police operation against the centralized Darkmarkets under Tor, we had big important releases of the new generation darkmarkets, Openbazaar and NXT FreeMarket. They come with the desire to become the norm in e-commerce and the main reason is that they are decentralized, implying that the nodes holding the network are distributed throughout the world which, therefore, eliminates the increased vulnerability of centralized markets under Tor (i.e. single point of failure attacks). Not only that, decentralized darkmarkets promise a number of features that surpass....

The third OpenBazaar beta, "Tabriz," has been released. With this release, the OpenBazaar team starts naming releases after great bazaars from all around the world, with the first being Tabriz, a market in Iran which is one of the oldest bazaars in the Middle East. Tabriz is the first OpenBazaar release that runs on Windows. It is also available for OSX and Linux. The urgent importance of OpenBazaar, a distributed and decentralized marketplace without central servers that can be shut down by the authorities, has been emphasized as a way forward after the Silk Road 2.0 crackdown saga.....

OpenBazaar announced that it received $1 million in seed funding from Union Square Ventures, Andreessen Horowitz, and angel investor William Mougayar to develop the OpenBazaar protocol and client. OpenBazaar is an open-source project to create a decentralized network for peer-to-peer (P2P) commerce online - using bitcoin - that has no fees and cannot be censored. It can be seen as a distributed, decentralized version of eBay powered by P2P technologies such as BitTorrent and Bitcoin."OpenBazaar is a different approach to online commerce," states the OpenBazaar website. "It puts the power....

The developers of OpenBazaar, the decentralized e-commerce protocol, have released the first live version of the software. Now available for download, OpenBazaar enables peer-to-peer digital commerce, with bitcoin used as a payment method – akin to a distributed eBay-style marketplace that uses the digital currency. OpenBazaar grew out of an earlier project called DarkMarket which aimed to facilitate decentralized online commerce. The release comes after a public testing period that saw a variety of storefronts created using the experiment-focused bitcoin testnet for transactions. The....

OpenBazaar, the decentralized marketplace has spread across 183 countries. The announcement was made earlier yesterday by the company on its Twitter channel. The project, started small in a hackathon has now become an international product fueling global e-commerce, in a decentralized fashion. The OpenBazaar platform has achieved the remarkable success of becoming a global product in less than a month of its launch. The platform was opened for public on the 4th of this month. There has been no turning back for the platform since then. While OpenBazaar accepts the only bitcoin as the....