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Centralization

• Fiverr: Operates under a centralized model with a single entity controlling the platform.

• Giggy: Utilizes a decentralized framework to reduce reliance on a central authority.

Transactions

• Fiverr: Transactions managed centrally, holding funds until completion, and may never disperse depending the circumstance.

• Giggy: Facilitates peer-to-peer transactions directly between freelancers and clients using blockchain technology.

Monetization

• Fiverr: Charges high service fees to both freelancers and clients.

• Giggy: Reduces transaction costs by eliminating intermediaries.

Transparency

• Fiverr: Transactions managed by a central entity, with no transparency.

• Giggy: Transactions recorded on the blockchain, ensuring full transparency.

Personal Authority

• Fiverr: Centralized control leading to arbitrary policy changes, impacting freelancers and clients.

• Giggy: Decentralized governance allowing users to have a say in platform changes and policies.

Payment Processing

• Fiverr: Payments processed by Fiverr's payment provider, which may lead to potential delays and risk of fraud.

• Giggy: Payments processed automatically through smart contracts, ensuring timely and secure transactions.

Dispute Resolution

• Fiverr: Provides support to handle disputes and issues between freelancers and clients.

• Giggy: Utilizes automated dispute resolution and P2P arbitration when necessary.

Innovation

• Fiverr: Continues to evolve within the framework of traditional centralized platforms.

• Giggy: Drives innovation through integration of cutting-edge Solana technology.