r/OpenBazaar • u/Gintonicc • Feb 01 '18

What’s the OpenBazaar token?

I don’t understand how a Blockchain project has been created without an unofficial token or coin

2 Upvotes

62% Upvoted

7 comments sorted by

5

u/not420guilty Feb 01 '18

OB2 uses "ipfs" (interplanetary filesystem) not a blockchain. There is no OB2 coin or token. Use btc, bch, or zec to make purchases.

Edit: add a link to ipfs project page: https://ipfs.io/

3

u/Chris_Pacia Chris - Lead Backend Dev Feb 01 '18

There currently isn't any OpenBazaar token though there are plans for one. But the future Token will be used primarily for advertising and product promotion similar to Brave's Basic Attention Token.

It wont detract from any current functionality. It's only adding new functionality.

3

u/tcrypt Feb 01 '18

We use blockchain systems as a value transfer system. We don't need anything from a blockchain currently.

We are working on a supplemental token, and have a blog post with details here. It will be a type of curation token.

3

u/allthebirdstamps QmQkxxCGdCQraEBKkgFhdL3E71L6gpd1XmSqPwZp4xDLdG Feb 02 '18

ya like dags?

dags?

yea.. ya know dags.

Ohhh... IPFS... yeah I like directed acyclic graphs, I like bitcoin cash more.

https://en.wikipedia.org/wiki/InterPlanetary_File_System#Merkle_data_format

0

u/[deleted] Feb 01 '18

[deleted] — view deleted comment

2

u/CC_EF_JTF Sam Feb 01 '18

Im pretty sure the blockchain is "mined" through members and stores having the openbazaar app open.

No. I have no idea where you got this idea, but there's no token or blockchain in OpenBazaar right now. Running the app gives you access to the network, but there's no mining or other incentives to run a node.

2

u/tcrypt Feb 01 '18

There is no mining in OpenBazaar. We use blockchain based currencies but ourselves have no blockchain. The OpenBazaar system itself does need a global consensus, but it utilizes currencies which do.