Open source exchange scripts, can they be used with simple hosting?

[Bannedseller]

-Sorry if it don't suit in this board. The exchange I'm asking is going to be an alt2alt exchange.

I have seen some open-source exchange scripts, and I decided to run one if the hosting prices is affordable (few dollars per month). However I only found something called 'shared hosting' and I'm not sure if I can run a coin-client there (and hence an exchange).

VPS is too expensive for me, so don't give me suggestions about using it.

[OmegaStarScream]

You should care more about the script then hosting because open source scripts in gambling and exchanges etc ... have backdoor most of the time , and if you don't have programming knowledge you will end up losing money and getting hacked instead of making profit , so it's not really recommended to run an exchange if you don't have money for developers/designers & security experts .

[Possum577]

You should care more about the script then hosting because open source scripts in gambling and exchanges etc ... have backdoor most of the time , and if you don't have programming knowledge you will end up losing money and getting hacked instead of making profit , so it's not really recommended to run an exchange if you don't have money for developers/designers & security experts .

Did this answer your question? If not, you should post your question to the Alt Currencies or Projects boards where you'll find a greater volume of knowledgeable people reading posts.

A lot of people with deep technical knowledge don't make a regular visit to this board...

[markm]

Can they be used at all is a better question.

I periodically look again to see if any usable open source coin-to-coin exchange code exists and so far it is not looking good.

I found one that wants you to outsource some kind of transaction queues to a paid service so you pay them based on number of transactions you use, and one that needs you to run three or more nodes because it is intended to distribute control of the coins across multiple nodes to make it harder to hack, ideally having different people in charge of the separate nodes, requiring a majority of the nodes to agree to authorise any withdraws; it also does not actually do the exchanging really, it just acts as a gateway into the HORIZON network, similar to Ripple gateways, where it holds the actual coins and issues assets representing them on the network where people can then trade the assets. A big problem I have with that is unlike Ripple you cannot trade any asset against any asset, all pairs involve the network's own currency (in this case HORIZONS presumably). I do not like that because just like Ripple there are huge hoards of the native currency in the system just waiting to be dumped so chances seem good you will end up stuck with oodles of the native currency as will anyone importing something they would like to buy your offering with, both of you who wanted to trade having to sell first for the native currency instead of for the things of each others' that you actually had hoped to buy.

(For example say you have bitcoins and would like to buy IXCoins, I have IXCoins and would like to buy bitcoins; we both set these gateway things up to import our coins as assets; the network system developers buy all our coins for their native coins they have billions or hundreds of billions of; we both are stuck with that native currency and cannot even buy what we wanted for it because now the developers own all that stuff so best case is maybe they'd part with it at a profit, making us both pay through the nose for what we were trying to buy at reasonable prices from each other...)

So basically so far I have not seen any free open source exchange stuff worth running even given I have entire dedicated machines I can use to run such things if ever such things actually became usable.

-MarkM-

[tyz]

What is simple hosting in your eyes? using a scalable cloud hosting provider for a couple of bugs per months could be enough. buy as already mentioned, the real problem is the lack of security of various open source exchange scripts.

[okae]

Seriously, if you are going to run an exchange, you cant be thinking on a vps, if an vps is so expensive for you, just dont do it, even if this will be only a alt2alt exchange it will need something better than a simply vps, ta least from my point of view.

what will happend when ONLY 500 users start to use it? with some bots running there etc etc... do you think you will give to them a good service?

[onemorexmr]

dont forget that if you use a vps the owner of the host has access to ALL data on this vps.

if you are not capable and dont have the resources to make your own exchange (this includes support and legal stuff) PLEASE dont even think about starting another one.