OpenBazaar Commerce

OpenBazaar is a free online market with no restrictions. Using an open-source platform for developing a protocol for e-commerce transactions. Online commerce on OpenBazaar is a peer to peer medium, and uses the cryptocurrency Bitcoin as the choice of currency, which is also open-source software and uses the peer to peer system to facilitate transactions … Continue reading OpenBazaar Commerce

Competing Crypto-Currency, RSCoin

The Telegraph reports the Bank of England are developing a new competing currency for Bitcoin, called RSCoin. “[This new currency transfers the] control of money creation from private banks to the state. Arguably, this would make the financial system safer and less prone to boom-bust cycles.” (Evans-Pritchard, 2016). Inflation-induced “boom-bust cycles” arise from monetary policy credit … Continue reading Competing Crypto-Currency, RSCoin