Image for OpenBazaar

OpenBazaar

OpenBazaar is a decentralized online marketplace that allows people to buy and sell goods directly using cryptocurrencies, without relying on central authorities or traditional payment systems. It operates similarly to eBay or Amazon, but instead of a central server, it uses blockchain technology to enable peer-to-peer transactions. This means that sellers and buyers can interact directly, maintaining privacy and avoiding fees typical of conventional platforms. OpenBazaar aims to create a fairer and more open economic environment by removing intermediaries, allowing for a diverse range of products and services globally.