What is Peer-to-Peer (P2P) Marketplace?

A peer-to-peer (P2P) blockchain-based marketplace is a marketplace that is typically more decentralized and transparent than many of its traditional competitors. Peer-to-peer marketplaces are designed to operate in the best interest of all parties involved, as opposed to mainly benefitting a single centralized entity. A peer-to-peer blockchain marketplace works by connecting buyers and sellers together to create an open, global, computational marketplace that can be used fairly by all parties involved. Many blockchain platforms have built P2P marketplaces that run within their blockchain networks' protocols.