It has been long noted by numerous analysts that the biggest obstacle to the wide adoption of the Bitcoin, and cryptocurrencies in general, comes from price swings — in financial terms, high volatility. Big price swings occur when high-volume buyer or seller executes it's orders. What exactly constitutes high volume, obviously, is relative to the total size of the order book — or, rather, the part of the order book that is not very far from the market price.
Since every exchange has it's own order book, big price swings can happen regardless of the volume and liquidity of the market as a whole, because their amplitude only depends on the local order book. In other words, no single exchange can take advantage of the combined market liquidity. That is, unless some mechanism exists to create and maintain shared liquidity pool.
IMORE.
WS provides that mechanism without asking exchanges to share the whole order book. The only data points to share are the best bid and the best ask. Once best ask from one exchange is matched against the best bid from another, 2-phase commit protocol is commenced to fulfill corresponding orders. In essence,
IMORE.
WS allows any exchange to execute it's orders against any other participating exchange and as such, take full advantage of the shared liquidity pool.
Larger liquidity pool means lower volatility and increased cryptocurrency adoption rate by merchants and service providers. That, in turn, increases demand for cryptocurrencies leading to higher trading volume and, as a result, even more liquidity and price stability.
IMORE.
WS is small, but highly efficient team of professionals, representing (combined) over 70 years of experience in security, telecommunications, and finance industry. We are passionate about many things, with exceptional focus on security, reliability, and performance. We firmly believe in the future of cryptocurrencies and will do our best to support, promote, and enhance this ecosystem.
We love distributed systems with no single point of failure, and we designed
IMORE.
WS accordingly. Downtime of a single service instance, or even single
IMORE.
WS cluster, will not affect availability of the system as a whole. The team is distributed itself; we are located in different time zones, which ensures that somebody is always watching over the system health.
We invite all cryptocurrency exchanges to participate in the shared liquidity pool. Our fees are very low, and large volume exchanges will be rewarded with even lower fees.
More details about
IMORE.
WS are available at
http://
imore.
wsIf you like this project; if you think this will benefit Bitcoin community as a whole, send small amount (for example, $1 worth of BTC) to 18wXa3TC1N2LfHUgbLaLM8uZAUMQbsADW4. Amount is not important, the number of people supporting us is.
Ask your favorite exchange to connect to
IMORE.
WS. You will enjoy lower spread between ask and bid, as well as better price stability.
Serious investors - please contact us by email; my public key can be found at
http://pgp.mit.edu/pks/lookup?search=CharlesBrown
