DYNAMIC VM SCALING PROVISIONING AND PRICING THROUGH AN ONLINE AUCTION

Abstract

Online auction systems provide a digital platform for buying and selling goods and services through real-time bidding, offering convenience, wider market reach, and competitive pricing. Unlike traditional auctions, these systems enable participants to engage from anywhere, at any time, through web-based interfaces. The proposed online auction system incorporates secure user authentication, bid management, real-time notifications, and dynamic auction timers to ensure a seamless and fair bidding experience. Advanced features such as automatic bid increments, highest-bid tracking, and secure payment gateways enhance usability, efficiency, and transaction security. By leveraging modern web technologies and database management, the system ensures scalability, transparency, and reliability, making it suitable for applications ranging from e-commerce and collectibles trading to industrial procurement. Overall, online auction platforms provide an efficient, secure, and intelligent solution for modern digital marketplaces.