NXT, the crypto currency has launched some cool new features. Including a Decentralised marketplace within the blockchain. Surprised it hasn't gotten as much attention as Openbazaar, does anyone know more about it?

I found the post while browsing /r/cryptocurrency

/r/CryptoCurrency/comments/3axc4h/nxt_marketplace_freemarket_screenshots/

The decentralized store Marketplace is a core feature of [Nxt](Nxt.org) unlike OpenBazaar all informations are stored encrypted in the blockchain and you don't need to stay online to sell items. Here are some screenshots:

first page http://s3.postimg.org/v073ksr9f/marketplace1.png

result of a search http://s11.postimg.org/kstzdf5tv/marketplace2.png

purchasing http://s22.postimg.org/ytu991701/marketplace3.png

you can use two-phased transaction to make the payment finalized by a third party escrow http://s1.postimg.org/s0wycm3m7/marketplace4.png

messages between buyer and seller are encrypted http://s22.postimg.org/rfstg41wx/marketplace6.png

putting an item for sale http://s13.postimg.org/yl70nc2hj/marketplace5.png

For the time being Nxt has few privacy options but coin-shuffling should be available in next version

Freemarket is another marketplace based on the Nxt blockchain but it's a third party app and not part of the core features. The next version should have an escrow system called Concorde that is now in testing. Freemarket will be also integrated in the [superNet](supernet.org) project.

first page http://s21.postimg.org/5b1ae9mkn/freemarket01.png

all items for sale http://s7.postimg.org/bf9ibywob/freemarket02.png

item page http://s27.postimg.org/ido3kdmo3/freemarket03.png

putting an item for sale http://s2.postimg.org/ptbql9kmh/freemarket04.png

currency converter calculator http://s13.postimg.org/8ci3sqe8n/freemarket05.png

direct buying/selling Nxt - Btc - Btcd with Shapeshift.io http://s29.postimg.org/422aqfzhj/freemarket06.png

It looks pretty neat if you ask me and unlike openbazaar, this is fully decentralised and within the blockchain. Really eager to find out more but haven't found anyone mentioning DNM related activity yet.


Comments


[9 Points] 2329392:

The major problem with decentralized markets like NXT (or Shadowmarket) is the alt-coin tied to it. Bitcoin is somewhat stable because of mass adoption and acceptance but vendors and users still suffer from price swings of even 5-10%. Alt-coins can be extremely volatile. Daily swings of 5-20% up or down aren't unheard of, and with no mass adoption or acceptance anywhere on the horizon the largest interest group in these coins are usually crypto traders making it even more susceptible to price swings.

So while these markets are nice and definitely 'next-gen', they currently don't offer a realistic alternative to the Darknet unless they decide to work hand in hand with Bitcoin. The target audience for these markets already have it much easier by using something like OpenBazaar and Bitcoin or the centralized Darknet......so markets with tied in alt-coins can only hope for some sort of miracle.


[1 Points] ajjjjjjjwiii:

Hey thats cool but a few questions someone who knows about this will have to answer:

  1. Some premilinary looks at nxt shows its a premine clonecoin built to allow others to put up their own altcoins. Does this offer anything over bitcoin? Privacy?

  2. This market is stored "in the blockchain", this means everything you do including product images are stored as part of a permanent record? Whats to stop someone from bloating the hell out of the blockchain?

  3. Can this be used through tor (tcp based?), is it easily configurable on windows? Do they offer a way to install this on tails?


[1 Points] ShulginsCat:

Java Installation The first step to using NXT is the installation of Java since the whole of the NXT code is written in Java. I recommend downloading the Java program from the official Oracle homepage.


[1 Points] The_Madhouse:

Anyone ever heard of blockchain bloat?


[-5 Points] Agora-Admin:

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