Open Bazaar Update

Traders on underground “Dark” markets in the crypto-currency space face the constant risk of their marketplace of choice being shut down, and coins subsequently lost.

This risk is related to the centralization of these marketplaces. With this model, users face fees and regulations and must trust the platform itself. With abundant failed examples like Silk Road in the underground markets and Mt.Gox in the crypto-exchange sphere, it’s clear centralization is not the answer.

Fortunately, with peer-to-peer transactions made possible by cryptocurrencies, a truly decentralized platform is within reach.

Open Bazaar, an upcoming decentralized network for free commerce, is open-source and currently in beta. Sometime in December, we’re planning to launch our own iteration of Open Bazaar exclusive to StealthSend/StealthCoin.

Benefits of the Open Bazaar platform:

-Completely anonymous, if so desired (compatible with Tor and I2P)
-No fees
-”Reputation Pledges” based on proof-of-burn, a method by which crypto-currency is purposely destroyed to aid in establishing the one’s commitment to the platform.
-Trust Ratings
-Arbitration system & Ricardian Contracts Generator for special deals
-Encrypted messaging and chat

We’ve also been contacted about an upcoming article on one of the most prominent DarkNetMarkets media portals that will discuss StealthSend, and the future role of anonymous cryptocurrency in DarkNet marketplaces.

We look forward to serving our user’s interests in their privacy and their freedom to buy and sell goods online!