Blockchain Exchange Development - why blockchain e
What is an exchange? As we all know, the exchange is actually a platform for digital currency trading. Some platforms can carry out leverage trading, contract trading, quantitative trading and other operations.
What is a blockchain exchange? Blockchain exchange is an exchange based on the bottom layer of blockchain. Multiple synchronization nodes are deployed in a distributed way. Users' cash in and out, transaction time stamp and operation history are recorded on the chain in real time. It has the characteristics of decentralization. Hackers cannot tamper with data or forge transactions.
What are the benefits of using blockchain exchanges? The advantage of trading on the blockchain is that the exchange platform itself does not hold the user's encrypted digital currency, and all encrypted digital currencies will be stored in the user's wallet or can only be controlled by contract on the blockchain. Originally, we need to trust the centralized exchange. Now we only need to trust the blockchain and smart contract. Most of the smart contracts used in exchanges will be open source, so that everyone can confirm the details of the contract.
The open smart contract maintains the transparency and security of the transaction process, even if it involves profit splitting, it will also be open on the blockchain.