The developers of OpenBazaar, the decentralized e-commerce protocol, have released the first live version of the software.
The release comes after a public testing period that saw a variety of storefronts created using the experiment-focused bitcoin testnet for transactions. The developers said today that this test period resulted in more than 25,000 downloads worldwide (across 126 countries) and more than 3,000 vendors created.
"Starting today, anyone in the world with access to an Internet connection can use bitcoin and OpenBazaar to exchange goods and services freely. We can’t wait to see how people will use this tool," project lead Brian Hoffman said in a statement.
The developers behind the OpenBazaar raised $1m in capital last year from venture firms Andreessen Horowitz and Union Square Ventures as well as angel investor William Mougayar, forming a startup called OB1 to oversee development and create services aimed at OpenBazaar users.
Images via OpenBazaar, Shutterstock
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.