Project Walkthrough
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Problem Addressed: Traditional online auction systems often rely on centralized intermediaries, potentially leading to issues with fees, transparency, and limited accessibility. This project aims to provide a decentralized alternative powered by Fuel OS.
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Project Features
Trustless Auction Logic: Core auction mechanics (bidding, determining winners, settlement) are governed by auditable Sway smart contracts. User-Friendly Interface: A simple web frontend allows users to browse available auctions, place bids, and track their auction activity. Customizable Auction Parameters: Auction creators can set starting prices, durations, and potentially choose different auction formats.
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Technology Stack
Fuel OS: The blockchain foundation, providing low-cost, parallel transaction execution with the UTXO model. Sway: The contract-oriented language used to write the auction smart contracts. Forc: Sway compiler. Fuelup: Tooling for contract deployment and interaction with the Fuel chain. [Frontend Choice]: A JavaScript framework (React, Vue.js, or similar) for the bidding interface.