Hi all,
The Marketplace has recently released a slew of updates targeted at decreasing the learning curve for new users. We feel that Multi Sig is an important tool and it is up to providers like The Marketplace, not customers, to make this transition bearable and to keep innovating.
Our recent break has given us a new passion for TMP and we have listened to our users concerns. We know that many users have wished to try The Marketplace but have been scared that their funds may be lost due to the complexity of multi sig and we feel that our continued innovations have made this now impossible.
For customers:
A large complaint from users is recording transaction ids.
Automatic transaction recording
We have now implemented an internal transaction recorder which automatically detects new transactions and records the transaction details. To pay for your order, you are now simply required to send funds to your multisig escrow address and your order page will instantly update to let you know the transaction was recorded when your payment is received, no need to click buttons or reload the page. It's almost easier than a traditional centralized marketplace with all the benefits of provable multi sig security to boot!
Updated UI & improved vendor search
Our new UI is also cleaner and easier to navigate, with fully responsive design that works even for small screen sizes. We have implemented changes to our search to recognize common variations of a vendors name so users searching for a specific vendor will be sent to their shop immediately.
For vendors:
A key concern for vendors is loss of their private keys or transactions going unredeemed when The Marketplace is seized.
Wallet Management
To alleviate one of these concerns, we have implemented BIP32 and Electrum Deterministic address generation using Master Public Keys. Vendors must now only record a single master public key and The Marketplace will automatically generate a new deterministic address for every transaction, this removes the complexity of vendors wallet management which many vendors have complained about.
Time locked transactions
Another key concern is the ability to redeem transactions should The Marketplace be seized. Many vendors worry about their ability to redeem transactions because they cannot reach customers or private keys are lost. We have now released the first ever (clearnet & darknet) Time locked transaction implementation (see https://en.bitcoin.it/wiki/NLockTime). Time locked transactions are specially crafted transactions which are not valid till a specific date or block.
This feature of the Bitcoin Protocol allows The Marketplace to provide verified vendors with a special transaction when they ship orders which is not valid for 2 months (sequence 0). This allows the vendor to know that upon shipping a product, they will be able to claim their payments if The Marketplace is seized in that time, albeit some months later. By utilizing the Bitcoin protocol, we are removing the need to trust third parties to help claim payments in the future and makes us the first marketplace to provide provable dead man switches in preparation for any seizure attempts.
Many users will say that The Marketplace is one of the hardest to use marketplaces and will thus stay away, we have listened to all their concerns and feedback and we think it's now one of the easiest!
Schultz
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Source: http://43y5mwjvhxd6zf7v.onion/forum/index.php?topic=971.msg5623#new
Why is there a warning next to TMP on the sidebar? Weren't the admins MIA for a good while?