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What Is Silk Road In Deep Web?

Normally saying it was an e-commerce black market website and the first modern dark net market where illegal drugs and other narcotics were being traded. People use this website to sale or purchase drugs which are normally not available in market or which are banned by government. The website was launched in February 2011 and had crossed 1.2 billion dollar sale within 2 years. Initially there were a limited number of new seller accounts available; new sellers had to purchase an account in an auction. Later, a fixed fee was charged for each new seller account. As part of the dark web, it was operated as a Tor hidden service, such that online users were able to browse it anonymously and securely without potential traffic monitoring.
Henry Farrell, an associate professor of political science and international affairs at George Washington University, analyzed Silk Road in an essay for Aeon in 2015. He noted that Ulbricht created the marketplace to function without government oversight but found it difficult to verify anonymous transactions. To sustain a steady stream of revenue, he started increasing oversight to ensure low transaction costs. To do this, he added measures to ensure trustworthiness with implementation of an automated escrow payment system and automated review system.
In October 2013, the Federal Bureau of Investigation (FBI) shut down the website and arrested Ross Ulbricht under charges of being the site's pseudonymous founder "Dread Pirate Roberts". On 6 November 2013, Silk Road 2.0 came online, run by former administrators of Silk Road. It too was shut down, and the alleged operator was arrested on 6 November 2014 as part of the so-called "Operation Onymous". Ulbricht was convicted of eight charges related to Silk Road in the U.S. Federal Court in Manhattan and was sentenced to life in prison without possibility of parole.

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