Decentralized transaction cases
Publish: 2021-05-28 09:21:19
1. Centralized exchange and decentralized exchange have their own advantages and disadvantages, and the difference is very obvious. Let's take a look at the centralized exchange first. To put it bluntly, the trading mechanism of the centralized exchange is actually similar to our traditional stock trading
the first step is to register (open an account) and set the password. The second step is user authentication (KYC). The third step is to recharge. Here comes the key. The third step is the most important. Because you need to charge money to your address in the exchange before you can trade money in the exchange. The address of the exchange is actually a wallet address, but the ownership of the wallet is not the user, but the exchange, that is to say, the private key of the address, you don't have it!!! Do you understand the meaning
well, after recharging, the transaction is finished. The user submits the instruction (hanging order) to the server, and then the exchange will be responsible for matching the transaction, which is exactly the same as the stock. The last is cash withdrawal (withdrawal of currency). Users can send instructions to transfer the currency from the exchange address to their wallet address. The above is the trading mechanism of the centralized exchange. In these steps, all actions will have costs. No matter you recharge, trade or withdraw money, gas and handling charges can't escape
then let's look at the decentralized exchange. The trading mechanism is different from the centralized exchange. The first step is to register (open an account) and set the password. It doesn't make any difference. But then it's a little different. KYC is not used. But because there is a private key, the ownership of this address is completely controlled by the user. The second step is recharging. This is not very different from the centralized exchange. You still have to make your own gas
after recharging, we can also trade in the decentralized exchange. Users can also register orders, and exchanges will also be responsible for matching transactions, but the matching is done by smart contracts. Finally, cash withdrawal (withdrawal of currency) is initiated. After withdrawing currency, users can directly transfer the currency from the address of the exchange to their wallet address. This step is the same as that of the centralized exchange
the above is the trading mechanism of centralized and decentralized exchanges, and the difference between them is also obvious. Because all currencies in the central exchange are under its control, the trading efficiency is very high, and it is similar to the stock trading process, convenient and suitable for most users. Conversely, the risk lies in this. If the exchange itself loses its integrity or is attacked by hackers, the user's capital (currency) is not guaranteed
all the transaction processes of decentralized exchanges are completed by smart contracts, so the transaction efficiency is relatively low (TPS of blockchain technology has always been a soft rib), but relatively, the capital (currency) is completely in the hands of users, so the security is relatively high. In addition, there are also KYC, where KYC is needed for centralization, but not for decentralization, and the security of personal information is relatively high. Compared with the decentralized exchange, the advantages of the centralized exchange lie in the trading depth and the number of users, which are unmatched by the decentralized exchange
therefore, centralization and decentralization have their own advantages and disadvantages. It depends on the user's own choice. They like convenient, centralized, secure and decentralized.
the first step is to register (open an account) and set the password. The second step is user authentication (KYC). The third step is to recharge. Here comes the key. The third step is the most important. Because you need to charge money to your address in the exchange before you can trade money in the exchange. The address of the exchange is actually a wallet address, but the ownership of the wallet is not the user, but the exchange, that is to say, the private key of the address, you don't have it!!! Do you understand the meaning
well, after recharging, the transaction is finished. The user submits the instruction (hanging order) to the server, and then the exchange will be responsible for matching the transaction, which is exactly the same as the stock. The last is cash withdrawal (withdrawal of currency). Users can send instructions to transfer the currency from the exchange address to their wallet address. The above is the trading mechanism of the centralized exchange. In these steps, all actions will have costs. No matter you recharge, trade or withdraw money, gas and handling charges can't escape
then let's look at the decentralized exchange. The trading mechanism is different from the centralized exchange. The first step is to register (open an account) and set the password. It doesn't make any difference. But then it's a little different. KYC is not used. But because there is a private key, the ownership of this address is completely controlled by the user. The second step is recharging. This is not very different from the centralized exchange. You still have to make your own gas
after recharging, we can also trade in the decentralized exchange. Users can also register orders, and exchanges will also be responsible for matching transactions, but the matching is done by smart contracts. Finally, cash withdrawal (withdrawal of currency) is initiated. After withdrawing currency, users can directly transfer the currency from the address of the exchange to their wallet address. This step is the same as that of the centralized exchange
the above is the trading mechanism of centralized and decentralized exchanges, and the difference between them is also obvious. Because all currencies in the central exchange are under its control, the trading efficiency is very high, and it is similar to the stock trading process, convenient and suitable for most users. Conversely, the risk lies in this. If the exchange itself loses its integrity or is attacked by hackers, the user's capital (currency) is not guaranteed
all the transaction processes of decentralized exchanges are completed by smart contracts, so the transaction efficiency is relatively low (TPS of blockchain technology has always been a soft rib), but relatively, the capital (currency) is completely in the hands of users, so the security is relatively high. In addition, there are also KYC, where KYC is needed for centralization, but not for decentralization, and the security of personal information is relatively high. Compared with the decentralized exchange, the advantages of the centralized exchange lie in the trading depth and the number of users, which are unmatched by the decentralized exchange
therefore, centralization and decentralization have their own advantages and disadvantages. It depends on the user's own choice. They like convenient, centralized, secure and decentralized.
2. " It's a long winter. According to the current market situation, there is a high probability that it will fall in 2019. It's almost impossible to break out. However, the instry will continue to move forward, and the decentralized exchange will continue to move forward. This is the trend of the future
one of the core advantages of decentralized trading is to avoid any assets being entrusted. You have absolute ownership and control over your own assets. The possibility of asset theft is extremely low, which greatly reces the trust cost of users on the exchange
from another point of view, with the implementation of blockchain applications, we have more and more digital assets at the same time, and we need to pay different tokens when using services. In this case, cross currency trading will become more and more frequent, and the process of realizing this transaction needs to rely on the mechanism of decentralized exchange
therefore, the decentralized exchange will have a bright future. Among all the decentralized exchanges, whaleex is my favorite. It not only has fast trading speed, but also does a very good job in security performance. Among all the exchanges at present, I think it is the best one. I don't have to worry about stealing or losing money when I put money in it. Their smart contracts are through security audit, and they will also support cross chain and legal currency OTC. If they grow up in this bear market, they will be a giant. I am very optimistic about its prospects& quot;
one of the core advantages of decentralized trading is to avoid any assets being entrusted. You have absolute ownership and control over your own assets. The possibility of asset theft is extremely low, which greatly reces the trust cost of users on the exchange
from another point of view, with the implementation of blockchain applications, we have more and more digital assets at the same time, and we need to pay different tokens when using services. In this case, cross currency trading will become more and more frequent, and the process of realizing this transaction needs to rely on the mechanism of decentralized exchange
therefore, the decentralized exchange will have a bright future. Among all the decentralized exchanges, whaleex is my favorite. It not only has fast trading speed, but also does a very good job in security performance. Among all the exchanges at present, I think it is the best one. I don't have to worry about stealing or losing money when I put money in it. Their smart contracts are through security audit, and they will also support cross chain and legal currency OTC. If they grow up in this bear market, they will be a giant. I am very optimistic about its prospects& quot;
3. I think it's similar. I've seen i-swap recently. I'm going to get to know it.
4. Compared with centralized trading platform, what are the advantages and disadvantages of decentralized trading platform
since 2013, many decentralized trading platforms have emerged. Different from the centralized trading platform, the decentralized trading platform does not need to register an account, and can participate in the transaction by using the personal digital asset account
secondly, every transaction of the decentralized trading platform is carried out through the blockchain, and it needs to wait for the confirmation of the blockchain before the transaction is successful. At the same time, the decentralized trading platform is not responsible for keeping users' assets and private key information. On the one hand, it avoids the moral hazard of the trading platform, on the other hand, it requires you to keep your private key well
e to the low liquidity and slow transaction processing of decentralized trading platforms, the total transaction volume only accounts for 0.03% of the global total transaction volume of digital assets. At present, the tokens of airswap, kyber, 0x and omisego can be traded on huobi.pro.
since 2013, many decentralized trading platforms have emerged. Different from the centralized trading platform, the decentralized trading platform does not need to register an account, and can participate in the transaction by using the personal digital asset account
secondly, every transaction of the decentralized trading platform is carried out through the blockchain, and it needs to wait for the confirmation of the blockchain before the transaction is successful. At the same time, the decentralized trading platform is not responsible for keeping users' assets and private key information. On the one hand, it avoids the moral hazard of the trading platform, on the other hand, it requires you to keep your private key well
e to the low liquidity and slow transaction processing of decentralized trading platforms, the total transaction volume only accounts for 0.03% of the global total transaction volume of digital assets. At present, the tokens of airswap, kyber, 0x and omisego can be traded on huobi.pro.
5. I have been playing currency for many years, and I have used many trading platforms. I think the best one to use is gotc decentralized trading platform. First of all, this platform is a truly decentralized trading platform. On this platform, the power to initiate and agree transactions, as well as the power to quote, are in the hands of users, and the platform has no right to interfere or participate in the reconciliation. It's very safe and reliable.
6. bitcoin, Leyte coin, dogcoin, Diandian coin, American card coin, bitstock, dark coin, black coin, Ruibo coin, Malaysian coin, Mediterranean coin, Yuanbao coin, Zhaocai coin, sand coin, network gold
7. Specifically, in short, the service provided by the OTC area is similar to the digital currency Taobao. Users can freely display their digital currency assets on the platform, and conct point-to-point legal currency trading with people from all over the world. The platform does not participate in trading and mixing, and the whole process is supported by EOS blockchain technology. Gotc is OK
8. If there is a transaction on the bitcoin trading platform, it will be automatically connected to the bitcoin network
no one owns the bitcoin network, just as no one owns the technology behind email. Bitcoin is controlled by all bitcoin users around the world. Developers can improve the software, but they can't change the rules of bitcoin protocol by force, because all users are free to choose the software they want to use. In order to keep compatibility with each other, all users need to choose software that follows the same rules. Only when all users reach a complete consensus can bitcoin work properly. Therefore, all users and developers are motivated to accept and protect this consensus
from the user's point of view, bitcoin is a mobile application or computer program, which can provide a personal bitcoin wallet with which users can pay and receive bitcoin. This is how bitcoin works for most users
behind the scenes, the entire bitcoin network shares a common ledger called "block chain". This general ledger contains every transaction processed, so that the user's computer can verify the validity of each transaction. The authenticity of each transaction is protected by the electronic signature corresponding to the sending address, which enables users to have complete control over the bitcoin transferred out from their own bitcoin address. In addition, anyone can use the computing power of specialized hardware to process transactions and get a bitcoin reward for it. This service is often referred to as "mining.". You can find out more about bitcoin by looking at the dedicated page and the original paper.
no one owns the bitcoin network, just as no one owns the technology behind email. Bitcoin is controlled by all bitcoin users around the world. Developers can improve the software, but they can't change the rules of bitcoin protocol by force, because all users are free to choose the software they want to use. In order to keep compatibility with each other, all users need to choose software that follows the same rules. Only when all users reach a complete consensus can bitcoin work properly. Therefore, all users and developers are motivated to accept and protect this consensus
from the user's point of view, bitcoin is a mobile application or computer program, which can provide a personal bitcoin wallet with which users can pay and receive bitcoin. This is how bitcoin works for most users
behind the scenes, the entire bitcoin network shares a common ledger called "block chain". This general ledger contains every transaction processed, so that the user's computer can verify the validity of each transaction. The authenticity of each transaction is protected by the electronic signature corresponding to the sending address, which enables users to have complete control over the bitcoin transferred out from their own bitcoin address. In addition, anyone can use the computing power of specialized hardware to process transactions and get a bitcoin reward for it. This service is often referred to as "mining.". You can find out more about bitcoin by looking at the dedicated page and the original paper.
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