Bitcoin Forum
May 04, 2024, 08:37:14 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Can somebody make a fully automated crypto currency exchange software?  (Read 541 times)
mashac (OP)
Hero Member
*****
Offline Offline

Activity: 560
Merit: 500



View Profile
December 12, 2013, 02:54:19 PM
 #1

In order to exchange coins, both party send their coins to the software and once the software verifies both party completed their part, the software will exchange the coins else it will resend the coins to the original sender. This way lot of risk in coin transactions can be eliminated..
"There should not be any signed int. If you've found a signed int somewhere, please tell me (within the next 25 years please) and I'll change it to unsigned int." -- Satoshi
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
bluemystic
Newbie
*
Offline Offline

Activity: 56
Merit: 0


View Profile
December 12, 2013, 02:55:31 PM
 #2

In order to exchange coins, both party send their coins to the software and once the software verifies both party completed their part, the software will exchange the coins else it will resend the coins to the original sender. This way lot of risk in coin transactions can be eliminated..

ya if you can pay 1 million dollars
evershawn
Sr. Member
****
Offline Offline

Activity: 308
Merit: 250


Vod is a liar


View Profile
December 12, 2013, 03:12:32 PM
 #3

One exists, it's called Mastercoin, look it up.
wiggi
Sr. Member
****
Offline Offline

Activity: 403
Merit: 251


View Profile
December 13, 2013, 06:12:06 PM
 #4

In order to exchange coins, both party send their coins to the software and once the software verifies both party completed their part, the software will exchange the coins else it will resend the coins to the original sender.
Ripple+Dividendrippler are a "working example" of this, but you still have to trust two counterparties (one for a prolonged time),
pay 3 fees, and there is not much liquidity even for BTC<->LTC.

If the automated crypto currency exchange has to require trust (once we admit this it becomes technically simple)
then the "software" should be an extension of the qt-client, so that everyone can set up an exchange and compete with other nodes
(for trust and fees).
pabloangello
Legendary
*
Offline Offline

Activity: 1344
Merit: 1001


View Profile
December 13, 2013, 06:16:15 PM
 #5

One exists, it's called Mastercoin, look it up.
Heeee? Mastercoin has any new software?

nipol
Newbie
*
Offline Offline

Activity: 46
Merit: 0


View Profile
November 30, 2017, 11:00:31 AM
 #6



We are looking for software to organize a cryptocurrency exchange (have a look at: https://bitcointalk.org/index.php?topic=2488439.0 )

And we will be very grateful for the advices and links!

 Roll Eyes Roll Eyes Roll Eyes


nipol
Newbie
*
Offline Offline

Activity: 46
Merit: 0


View Profile
March 02, 2018, 09:26:50 AM
 #7

We are still looking for software to organize a cryptocurrency exchange (have a look at: https://bitcointalk.org/index.php?topic=2488439.0 )

And we will be very grateful for the advices and links!

 Roll Eyes Roll Eyes Roll Eyes
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!