How to prepare for the establishment of digital currency exchang
warm tips: the above explanations are for reference only, without any suggestions. There are risks in entering the market, so investment should be cautious. Before making any investment, you should make sure that you fully understand the nature of the investment and the risks involved in the proct. After a detailed understanding and careful evaluation of the proct, you can judge whether to participate in the transaction
response time: December 2, 2020. Please refer to the official website of Ping An Bank for the latest business changes
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Technology Construction --- can be outsourced to the technical team
follow up maintenance --- publicity, market value management, etc.
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Why do digital currencies need exchanges
as we all know, digital currency is based on blockchain technology and platform, and it is also one of the most typical applications of blockchain
taking bitcoin as an example, its platform provides the function of transferring money among users, but it does not provide the function of transaction and payment, which makes bitcoin unable to communicate with the outside world, let alone circulate, and thus cannot become a real currency
in order to solve this problem, the exchange was born
role of the exchange:
in addition to the above-mentioned trading and payment, the specific functions of the exchange are roughly asset management, matching trading and asset clearing, etc. To put it bluntly, it is equivalent to the Bank of digital currency. The matchmaking transaction here is actually to exchange for other currencies, such as bitcoin for Leyte. Of course, there are also some basic functions such as recharge and cash withdrawal. In principle, it is a centralized account book without being linked
on the other hand, the exchange also plays the role of stock exchange, making ICO (initial token issue) project possible
all kinds of token (token or token) can be raised and issued through the exchange
at this point, some people certainly think that the exchange is a combination of banking and securities trading
but not only that, the exchange also has the functions of futures and financial management, which means it also has the attributes of financial institutions such as futures exchange, securities companies and fund companies
it is not enough. In fact, the exchange also has the function of supervision, because there is no supervision. Therefore, the digital currency exchange can be regarded as a super financial center
the centralized exchange plays an important role, which obviously brings many security risks and trust crisis
all these are closely related to the violation of the "decentralization" advocated by blockchain
fortunately, some "decentralized" exchanges have emerged, which are based on the blockchain platform and rely on smart contracts to achieve the purpose of automation, de trust and transparency
let's briefly talk about how to build an exchange. Generally, a subject is registered first, such as the Singapore foundation, because the Singapore government encourages the development of blockchain, and high-quality project parties are registered in Singapore, which can be more recognized in the instry
the Singapore foundation can register by providing a company name and identity information of directors, and then it can do some legal compliance, which is also the advantage of the Singapore foundation. It can issue effective legal opinions to make the project compliance.
currency transaction is mainly aimed at the transaction between digital currency and digital currency, in which one currency is used as the pricing unit to purchase other currencies. The currency transaction rule is also to complete the matching transaction according to the price priority and time priority
C2C transaction
both sides of the transaction release the transaction information of buying or selling currency on the C2C transaction platform according to the demand. The buyer and the Seller shall make payment according to the reservation. When the transaction is completed offline, the platform, as an intermediary, charges a certain percentage of the handling fee from each successful transaction
OTC OTC trading
is a set of offline purchase digital currency platform independent of the exchange. Anyone can publish purchase / sale advertisements on the platform. The purchase / sale users can purchase / sell through offline transfer. After the transfer, the platform will transfer the frozen digital currency to the buyer.
for how to build an exchange, you need to find a good development team to help you realize it. So how to find a good team to work for you? Often need to look at the following aspects:
1, specific view support content
2, development team operation experience
3, whether the technology used can achieve security and stability
4, whether the operation and promotion means in the late development stage
5, if there is a bug, whether it will provide corresponding support
roughly speaking, I can think of these, I hope to help you!
Singapore: digital currency exchanges need to apply for a license to operate in compliance with regulations. Souwei can develop Singapore blockchain digital currency exchange xrv522 , Singapore's minister of ecation ong Ye Kung said on behalf of the Singapore Monetary Authority (MAS), MAS will consult relevant instries in the near future, and formally introce the implementation measures and exemption provisions of the bill. This bill will directly affect many digital currency exchanges, wallets and OTC platforms in the Singapore market, and will comprehensively supervise the related businesses from the aspects of risk control and compliance
Generally speaking, there are not many technologies available for blockchain development. The mainstream development languages are generally divided into the following four types. Different development languages require different timely configuration. You can also visit the blockchain development language selection.
first, go language is selected for development. The high concurrency of go language is very suitable for blockchain development
Secondly, C + + language and C + + technology are mature and fast Thirdly, Java language Four is, node, JSassume that the current BTC price is 4000 and the handling charge is one thousandth. The first-hand transaction fee is $4. In the case of profit and balance, it is profitable for the exchange. In two-thirds of cases, it is profitable, and there is a mechanism of position explosion. So you make money anyway. If you want to open an exchange, please contact me