Tor and More: Bitcoin Market OpenBazaar Adds Features in 2.0 Beta Release

The new version of the the P2P e-commerce network can be accessed via the anonymous Tor browser and can facilitate purchases when stores are offline.

Sep 11, 2017 at 9:00 p.m. UTC
Updated Sep 13, 2021 at 6:55 a.m. UTC

The team behind the open-source, bitcoin-powered marketplace OpenBazaar has published the beta version of its forthcoming 2.0 release.

The launch, announced over the weekend, delivers a number of additions that developers outlined back in February. Among those is an integration with The Onion Router (Tor) network, enabling anonymous access to the marketplace network, as well as upgrades intended to boost overall up-times and access to storefronts.

It's a major development for the project, which seeks to decentralize online retailing in the way bitcoin decentralized value transfers. Back in February, Brian Hoffman, chief executive of OB1 (the startup behind the project), said that one of the goals for the 2.0 release was to make the user experience akin to popular e-commerce platforms like Etsy.

"Our goal with OpenBazaar 2.0 is to get it to be, with the exception of using bitcoin, ... an identical experience of what you’d see on Etsy. I think the 2.0 [version] is close to that," he said at the time.

The new OpenBazaar is built on the InterPlanetary File System, a protocol for decentralized file storage and sharing. This means that its listings can be re-uploaded, by other users, allowing purchases to be made even when a store isn't directly connected to the internet.

While it displays real listings of goods and services offered for real bitcoins, the 2.0 version of OpenBazaar is, as advertised, still in the beta phase. In a blog post accompanying the release, the team cautioned that the system tends to overestimate fees and contains others other bugs they are working to fix.

Third-party search engines such as Duo can now be accessed in the OpenBazaar client in the new version. Previously, users had use a separate browser to use such tools, and then connect to OpenBazaar when they wanted to make purchases.

The new version also adds tools for vendors such as variants (e.g., is that sweater size small, medium or large?), inventory tracking and expanded shipping options.

Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in OB1, the company formed to further development of the OpenBazaar software.

Image via Shutterstock

The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat Now

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

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. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Trending

1
CoinDesk - Unknown
5 Key Takeaways From a16z's State of Crypto Report

The venture firm is extremely bullish on Web 3.

The venture firm is extremely bullish on Web 3.

CoinDesk - Unknown
2
CoinDesk - Unknown
Regulators Are Paying Attention to UST

The collapse of terraUSD (UST) is algorithmic stablecoins’ Libra moment.

The collapse of terraUSD (UST) is algorithmic stablecoins’ Libra moment.

CoinDesk - Unknown
3
CoinDesk - Unknown
San Francisco NFL Player Alex Barrett Taking His Salary in Bitcoin

The most valuable crypto stories for Thursday, May 20, 2022.

The most valuable crypto stories for Thursday, May 20, 2022.

CoinDesk - Unknown
4
CoinDesk - Unknown
Justin Sun Still Thinks Algorithmic Stablecoins Are a Good Idea

The crypto mogul also said LUNA and UST might make good "meme coins," he said on CoinDesk TV’s “First Mover.”

The crypto mogul also said LUNA and UST might make good "meme coins," he said on CoinDesk TV’s “First Mover.”

CoinDesk - Unknown