CMCGlossary: Decentralized Marketplace ✨ A decentralized marketplace, built on blockchain technology, allows traders or investors to trade with each other while eliminating middlemen. 👉 Details:
that users may not wish to abide by. They also have greater security risks because the network relies on a single point which increases the chances of failure or hacking. On a decentralized marketplace,They are more transparent because traders must all mutually agree on data and information that takes place in the exchange. Since there are no intermediaries, transaction costs are much cheaper.
If buyers and sellers agree to conditions, the transaction is executed automatically. Traders also don’t need to be located in the same place to make a trade.Johannes Schweifer is the CEO of CoreLedger, a company empowering businesses of all sizes to access the benefits of blockchain technology. Schweifer co-founded several blockchain start-ups, including Bitcoin Suisse.
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