Refers to the bidder sending the bid to the auctioneer through encrypted mail, and then the auctioneer opens the bid in unison, compares the bids of all parties, and finally determines the winning bidder.
Refers to the bidder sending the bid to the auctioneer through encrypted mail, and then the auctioneer opens the bid in unison, compares the bids of all parties, and finally determines the winning bidder.