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<p>auctions and traditional auctions is that bidders on the internet are unable to inspect the actual item, leading to differences between initial perception and reality.</p>

<p><big>Auction process</big></p>
<p>There are six basic activities that complement the auction-based trading process:</p>

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* Initial buyer and seller registration: authentication of trading parties, exchange of cryptography keys when the auction is online, and profile creation.<br/>
* Setting up a particular auction event: describing items sold or acquired and establishing auction</p><p>
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