Origin Protocol is a Protocol that allows market participants to communicate via point-to-point ( P2P < / a > ) network sharing of goods and services. The platform is designed to use the etheric fang (< a href = "https://coinmarketcap.com/currencies/ethereum/" > ETH < / a > ) block chain and interstellar file system (IPFS) to create a wide range of online market, To eliminate the need for middlemen.
This protocol allows the creation of a decentralized setup where both buyers and sellers can connect, check available lists, write reviews, and perform many other operations. This makes it easier to trade part of the asset usage.
Origin Protocol addresses the fundamental problems of existing online marketplaces, such as unfair transaction fees, lack of transparency, lack of incentives for innovation and centralization. The agreement creates a decentralized and incentivized environment for both buyers and sellers to facilitate business development.
Origin Protocol aims to establish decentralized between merchants Href = "https://coinmarketcap.com/alexandria/article/what-is-peer-to-peer-p2p" > P2P network < / a > and cut off the traditional intermediary to destroy the share of the economy. Origin Protocol's vision is to create distributed systems in which users can promote their products. The agreement focuses on all goods and services being traded freely at their actual market prices without interference from third parties.
Origin aims to do this by providing:
Reduce transaction costs
Origin Protocol eliminates the need for an intermediary to charge for processing transactions. The agreement allows access to fair prices for goods and services.
Perfect incentive mechanism
Origin Protocol is an open source platform that rewards users for their contributions to the network through an incentive system. Users of the platform, such as affiliates, are also rewarded with cryptocurrency tokens when promoting and marketing lists created by sellers. This incentive to users encourages them to keep the platform alive and growing.
Traditional sharing businesses require consumers to have a bank account, credit card or other payment method, depriving people without bank accounts of the right to use their services. Origin Protocol, on the other hand, allows vulnerable groups to access open markets without the need for a bank account.