A Darknet Market is an online marketplace where illegal goods and services are bought and sold using cryptocurrency. These markets operate on darknets, which are encrypted networks that require special software to access. People use darknet markets to buy things like drugs, weapons, stolen data, and even hacking services without being easily traceable by law enforcement.
Cryptocurrency is the preferred form of payment on darknet markets because transactions can be completed anonymously, making it difficult for authorities to track buyers and sellers. Bitcoin is the most commonly used cryptocurrency on these platforms due to its relatively high level of anonymity and wide acceptance.
While some darknet markets have been shut down by authorities, new ones continue to pop up in their place. These markets often require users to use special browsers like Tor to access them, adding an extra layer of security and privacy to transactions.
