Oasis Market Deepweb Marketplace Shuts Shop

Oasis Market, the deep web marketplace has gone dark! Users fear that this might be the last they are going to see of Oasis Market as many lose funds. The marketplace is said to have made away with over 150 BTCs and an undisclosed amount in Monero.

The exit of Oasis Market comes at the time when it was rising up the ranks of darknet marketplaces, alongside AlphaBay, Silk Road 3, Dream Market and others. The notoriously promising marketplace was one of the few to start accepting Monero alongside Bitcoin payments from the customers. The exit of Oasis is expected to impact the budding Monero ecosystem, which is known for additional anonymity and security in comparison to Bitcoin.

Monero cryptocurrency is based on CryptoNote protocol which is known to facilitate untraceable transactions. The protocol users ring signatures to club multiple transaction inputs and outputs to create a single entry on Monero blockchain. In addition, Monero also generates new wallet address for each transaction which makes tracing individual cryptocurrency transactions virtually impossible. The recent Monero hard fork has further strengthened the ecosystem, making it an ideal currency for transactions over the dark net.

While Monero eagerly waits for more

Read more ... source: NewsBTC USA