Auctionity’s solution provides a decentralized blockchain for real-time auctions. The aim of Auctionity is to make auctions safer, faster and more reliable through blockchain.
Blockchain, one of History’s greatest inventions, is a transparent technology and we do share the underlying philosophy, exhorting us to be more transparent, especially by sharing the way we code it. For those looking to get under the hood in terms of how it works, we have explained the technical parameters of the Payment Guarantee in a Yellow Paper, as we wanted to provide a full documentation about the Payment Guarantee.
Publishing a Yellow paper is an important milestone for the Auctionity team, as it follows the Auctionity Testnet Release and embodies Auctionity’s ambition to be a leading global blockchain for Non-Fungible Tokens market and Decentralized auctions.
I would like to express a special thank to Daniela and Mike for writing this yellow paper and I am also very thankful to Pascal for proofreading and his precious feedback on the auctions crypto protocol.
In the near future, the Auctionity development team will make further improvements to the Yellow Paper based on results from the test network and will explain further all the Auctionity process.