Reader small image

You're reading from  Blockchain Development for Finance Projects

Product typeBook
Published inJan 2020
Reading LevelBeginner
PublisherPackt
ISBN-139781838829094
Edition1st Edition
Languages
Concepts
Right arrow
Author (1)
Ishan Roy
Ishan Roy
author image
Ishan Roy

Ishan Roy leads the Blockchain initiative at the Centre of Excellence for Emerging Technologies (CEET) at the Tamil Nadu e-Governance Agency (TNeGA). He is currently working on the Tamil Nadu Blockchain Backbone project. His foray into blockchain began in the year 2016, at the blockchain team at ICICI Bank. This team carried out the first blockchain remittance in India. Since then he has worked as the Head of Products at HashCash Consultants where he built blockchain-enabled financial solutions for global clients. He has also mentored students and industry veterans as a blockchain trainer with Edureka. He is extremely passionate about technology and loves to keep himself abreast of new developments in the field through the community
Read more about Ishan Roy

Right arrow

Summary

That brings us to the end of this chapter. This chapter should help you design decentralized trading exchanges, or exchanges on a distributed blockchain network in general. It should also help you to port concepts of trading, such as orderbooks and matching engines, to blockchain very easily. The example case that we looked at uses only a single orderbook pair, gold versus US dollars, but it can be very easily expanded to support multiple orderbook pairs and assets, and can be scaled into a full-sized exchange with additional components and security checks in place. You can run this on a private blockchain for an enterprise, or deploy it on a public blockchain. Bear in mind that public blockchains will require gas for each transaction, and you might want to club transactions together. Also, your orderbook will be visible to everyone on the public blockchain.

We started...

lock icon
The rest of the page is locked
Previous PageNext Chapter
You have been reading a chapter from
Blockchain Development for Finance Projects
Published in: Jan 2020Publisher: PacktISBN-13: 9781838829094

Author (1)

author image
Ishan Roy

Ishan Roy leads the Blockchain initiative at the Centre of Excellence for Emerging Technologies (CEET) at the Tamil Nadu e-Governance Agency (TNeGA). He is currently working on the Tamil Nadu Blockchain Backbone project. His foray into blockchain began in the year 2016, at the blockchain team at ICICI Bank. This team carried out the first blockchain remittance in India. Since then he has worked as the Head of Products at HashCash Consultants where he built blockchain-enabled financial solutions for global clients. He has also mentored students and industry veterans as a blockchain trainer with Edureka. He is extremely passionate about technology and loves to keep himself abreast of new developments in the field through the community
Read more about Ishan Roy