The recent Bitcoin network congestion has been a topic of substantial debate on Reddit. But could it affect something as obscure as the dark markets? Despite the block reward halving, they should have no imminent need of switching to different forms of payments.
It would be shortsighted to deny the success Bitcoin has on the deep web. Underground marketplaces requiring specific software to access are a haven for Bitcoin usage. While some people may argue this is usually done to buy and sell illegal goods, there are other reasons why people would use Bitcoin in dark markets.
The Success of Bitcoin Across Dark Markets
Using cryptocurrency remains a mystery to most people, as they see no need to use anything other than cash or payment cards. Moreover, the number of places where Bitcoin can be utilized is still rather limited, albeit there are plenty of online platforms to do so. But in the real world, it is harder to spend cryptocurrency in its original form. Various debit card solutions are an intermediary tool, but no perfect solution either.
Individuals who are privacy-centric have taken a liking to dark markets. These platforms offer near anonymity and allow anyone in the world to buy and