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What is decentralized buying?

Answers (1)

Arsalan Afzal
Feb 15, 2022 12:50:51

Decentralized buying is the purchase of goods or services through a peer-to-peer network instead of through a centralized authority. This can be done through an online marketplace that connects buyers and sellers directly, or it can be done through a decentralized currency that doesn't rely on traditional banking systems. The benefits of decentralized buying are that it cuts out the middleman, so buyers can save money on purchases, and it also creates a more democratic system where people have more control over the products and services they buy.

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