Why is a Decentralized App Market Important?
In a decentralized market, with the aid of technology, users can download dApps directly from peer to peer markets. Decentralized markets include online marketplaces that use Bitcoin or altcoins.
With the decentralized online marketplace, you don’t need to worry about the high fees, arbitrary rules, censorship or restrictions. Because it is censorship resistant, no one can completely own the marketplace. Whereas in centralized marketplaces, companies like Google or Apple control which application gets listed with them.?
Centralized marketplaces can block certain apps if they wish to do so, without the concern for or permission of the app developers or owners. But on the contrary to this, a decentralized market place is censorship resistant and thus provides impartial access to all the applications listed.?
Such decentralized marketplaces are also permissionless and free from monopoly.
There is no need for any third party intervention in a decentralized market place.?
Decentralized marketplaces also allow for the decentralisation of ownership and market governance. Developing a collectively governed commerce platform helps in creating a more democratically managed platform so that all parties involved can have a role in how the market develops.
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Benefits of A Decentralized Marketplace:
Decentralized marketplaces are frequently used by dApp developers to list their applications so that it is available to their community. They offer users the chance to utilize a dApp without depending on a centralised party and having to provide their personal information or agree to long and complex privacy policies.
Some of the decentralized markets where BChat is listed include,
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