Bitmarkets

Sunday, February 11, 2018

Bitmarkets

src: cointelegraph.com

Bitmarkets is a free and open-source decentralized online marketplace that uses the cryptocurrency bitcoin.

Video Bitmarkets

History

In 2013, Steve Dekorte wrote a rough specification for a market based on a decentralized version of peer-to-peer marketplace NashX. Steve and developer Chris Robinson began work on Bitpost as a means of testing a Bitmessage framework; they were later joined by Adam Thorsen and Rich Collins, who helped create Bitmarkets. The first working version of Bitmarkets was demoed at the Bitcoin conference in May 2014 and the public beta was released on their website on November 19, 2014.

Maps Bitmarkets

Features

Bitmarkets operates over the Tor anonymity network and is built on the Bitmessage communications protocol for privacy. Bitmarkets implements two-party escrow that allows vendors and buyers to complete transactions directly, without the need for a third-party broker, in order to prevent bogus escrow scams.