Setting up a Crypto Currency Exchange

[adam9317]

I don't want to sound stupid, but how doable do you think would this be?

Setting up a crypto currency exchange platform like bter or bitstamp or btc-e. The main different would be that it uses a lot more currencies to appeal to a lot more people as I have heard people wanting currency exchanges on different websites eg. Dogecoin

What do you think?
How difficult would it be? Would it be doable?

Thanks

[thest0ckman]

the real question is what is it going to cost?

[adam9317]

the real question is what is it going to cost?

That is another question!

[Sukrim]

It would be much easier to act as gateway to (and maybe from) Ripple and make markets in there yourself than to code a whole exchange. Take a look at DividendRippler for inspiration. This would give your customers access (if you make a market or find people who make them for you) to even cashing out USD or buying your beloved DOGEcoins with BTC. So wow!

[adam9317]

It would be much easier to act as gateway to (and maybe from) Ripple and make markets in there yourself than to code a whole exchange. Take a look at DividendRippler for inspiration. This would give your customers access (if you make a market or find people who make them for you) to even cashing out USD or buying your beloved DOGEcoins with BTC. So wow!

Thanks very much.

[cryptohunter]

We need a decentralized exchange, the question is how could it work?

[Fuserleer]

You'll have one in about 2 months

[rikkejohn]

bter.com claims to offer a service for you to set up an exchange

[idev]

bter.com claims to offer a service for you to set up an exchange

They do but i hear it's quite pricey.

[adam9317]

We need a decentralized exchange, the question is how could it work?

Exactly

[cryptohunter]

You'll have one in about 2 months

For as many alts are cryptsy has? sounds good.

[cryptohunter]

bter.com claims to offer a service for you to set up an exchange

They do but i hear it's quite pricey.

Did they set up tags exchange? looks identical?

[idev]

bter.com claims to offer a service for you to set up an exchange

They do but i hear it's quite pricey.

Did they set up tags exchange? looks identical?

Yes they did.

[adam9317]

You'll have one in about 2 months

Thanks for the optimism.

I have found bex.io. Does it look dodgy to you or does it look ok?

[sphere]

https://github.com/buttercoin/buttercoin

[melvster]

We need a decentralized exchange, the question is how could it work?

1. order entry system distributed among peers

2. peers sync up the state of orders

3. orders are matched then move state

4. matched orders are settled

The identifiers of the orders need to be independent of the nodes, ie they need global scope identifiers, most sensibly URI based and/or content addressable

I dont think it's that hard to do ...

[adam9317]

If we were to have our own exchange it could be (maybe I'm too hopeful) a turning point in the exchange of alt coins and crypto currencies.

[Sukrim]

We need a decentralized exchange, the question is how could it work?

I dont think it's that hard to do ...

It exists since about a year now: https://github.com/ripple/rippled

[cryptohunter]

We need a decentralized exchange, the question is how could it work?

I dont think it's that hard to do ...

It exists since about a year now: https://github.com/ripple/rippled

How to insert my doge coins?

[idev]

We need a decentralized exchange, the question is how could it work?

I dont think it's that hard to do ...

It exists since about a year now: https://github.com/ripple/rippled

How to insert my doge coins?

Find or become a doge coins ripple gateway.