Transaction procedure of Zhongmin blockchain

1. Similar to the stock exchange, blockchain exchange is the website platform for digital currency trading. Xrv522 can develop blockchain exchanges. These trading platforms generally only provide functions such as recharge, transfer and cash withdrawal. In other words, they will only tell you the collection address of your wallet, while the key, keysore and mnemonic words of your wallet will not be provided. Identity authentication is completed through login user name, password, verification email, mobile phone and other ways
(1) introction to price limit trading mode:
price limit buying / selling refers to that the user sets the price and quantity of a buying / selling currency to generate an order. The system will automatically match the buying and selling orders in the market. Once the price set by the user is reached, the transaction will be automatically executed according to the price priority time priority
(2) introction to market price transaction mode:
market price purchase refers to that the user sets a total amount and generates a commission order, from the beginning of selling to the completion of the total amount transaction. Selling at market price means that the user sets the total number of currencies to be sold, generates a commission document, and matches it from the beginning of buying to the completion of the total number of currencies transaction
(3) introction to currency transaction mode:
currency transaction is mainly aimed at the transaction between virtual digital assets and virtual digital assets, in which one currency is used as the pricing unit to purchase other currencies, and the currency transaction rule is also to complete matching transaction according to price priority and time priority< (4) introction of C2C transaction mode:
both parties of the transaction release the transaction information of buying or selling currency on the C2C transaction platform according to the demand. The buyer and the seller complete the transaction offline according to the agreed payment method, and the platform, as an intermediary, charges a certain proportion of the handling fee from each successful transaction< (5) introction to OTC OTC trading mode:
it is a set of platform for offline purchase of digital currency independent of the exchange. Businesses can publish purchase / sale advertisements on the platform, and purchase / sale users can purchase / sell through offline transfer. After the transfer, the platform will transfer the frozen digital currency to the buyer, The technical construction problems of the exchange can be found on the Internet
(6) introction to trading mining mode:
the exchange platform returns a certain proportion of the commission income to the platform users, and the platform coin is returned. According to the principle of distribution proportion, the exchange platform takes a certain proportion as the mining reward. Mining refers to trading on the platform to graally unlock the platform coin until all the platform coins are fed back. This kind of play has a strong attraction to attract users< (7) introction to futures / contract trading mode:
futures contract is an agreement that the buyer agrees to receive certain assets at a specific price after a specified period of time, and the Seller agrees to deliver certain assets at a specific price after a specified period of time. The price that both parties agree to use in future trading is called futures price. The designated r period in which both parties have to trade in the future is called the settlement date or delivery date. The assets agreed to be exchanged by both parties are called "subject matter"< (8) introction to the trading mode of perpetual contract:
perpetual contract is a new and unique contract. The goal of the contract is to allow high leverage to the market conditions of the spot market. The contract will not be delivered and can follow the reference price index through various mechanisms. The contract evolved from the traditional futures contract, but the perpetual contract has more obvious advantages and greater risks than the traditional futures contract, supporting long short two-way trading, opening a 100 times leverage, permanent position, premium and so on.

2.

first, define the

blockchain as an open network ledger. It originated from bitcoin and is the underlying technology of bitcoin. In bitcoin transactions, all the information of transaction records will be packaged into a "block" for storage. With the expansion of information exchange, one block links with another, forming a blockchain

Second, the digital currency represented by bitcoin is a point-to-point e-cash system. Among them, every transaction will broadcast to all participants in the network, and it will be recorded in the account book after repeated confirmation, which is called "blockchain". Each participant will have his own account book. In this way, when false information occurs, it can be broken through mutual verification, so as to ensure network security

in the blockchain, every node is equal, and there is no centralized management organization. This "decentralized" feature makes the blockchain do not need to rely on a third party, its operation does not need any human intervention, and it can independently conct self verification. In addition, the network of blockchain is open to the world, and anyone can query data through the public port, so the whole system is highly transparent

In a word, blockchain is a reliable database and a reliable "account book". In the future, it will be applied in cross-border payment, securities, loans, voting, etc. For example, in cross-border payment, with the security of blockchain, you can remit money to the world anytime and anywhere, which saves a lot of intermediate links and high fees

3. Blockchain is a distributed database system participated by nodes. Its characteristics are unchangeable and unforgeable. We can also understand it as an account book system. It is an important concept of bitcoin. A of the complete bitcoin blockchain records every transaction. Through this information, we can find the value of every address at any point in history

blockchain is composed of a series of data blocks generated by cryptographic methods. Each block contains the hash value of the previous block, which is connected to the current block from the original block to form a blockchain.

4. First of all, we must pass the technical audit. Different exchanges have different needs. Most of the processes are relatively simple, but the audit takes a long time. Star Trading in the audit will be very fast, on the currency process do not understand the place there is a special 1v1 service, simple and fast.

5.

ICO trading is roughly divided into two parts, one is OTC trading, the other is exchange trading. There are three ways to go to the exchange, the first is to vote on the currency, the second is to invest in the currency, and the third is to cooperate with the project party

for the exchange, the more platform coins consumed by voting, the better; For the project side, the lower the cost, the greater the impact of users, the better; But for ordinary social users, the easier it is, the better

What does the project party need to have

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the cost of project docking with the exchange:

at present, the popular Matcha exchange generally has about 12-15 BTCs,

biki and gate exchange have about 10 BTCs,

ZG exchange has many choices when docking with 6-8 BTCs,

2-5 BTCs, such as Lein, ZBG, fcoin, WBF and so on

Fcoin, which is relatively cost-effective, is also a good choice. Later, the project parties can work together with the platform to do activities, whether it is airdrop, IEO or other can be discussed

6. The transaction fee will be dected from your total transaction amount. If BTC assets are acquired after the transaction, BTC transaction fee will be paid; On the contrary, if the digital assets are acquired after the transaction, the transaction fee of digital assets will be paid

if you sell 10eth with 1btc, 0.2% eth Commission will be dected, and 9.98eth will be obtained from the sale
if you buy 1btc with 10eth, you will get 0.998btc by decting 0.2% BTC handling charge.

7. At present, the mainstream is to select counterparties on some standardized trading platforms, and according to the price of blockchain assets on the trading platform, both parties agree to trade.

8. There are many trading methods of virtual currency, such as over-the-counter trading, over-the-counter C2C and peer-to-peer. The development of these software needs blockchain technology, which is also the reason for the slow development at present. There are many things a transaction software needs to support. In the development scheme of Yingtang Zhongchuang's blockchain virtual currency transaction software, the development cost of the software is controllable, but the development requirements and functions are uncertain factors.

9. Aichichain wallet allows indivials or companies to issue their own digital assets. For each asset issued, a certain amount of TCC needs to be handed over to the system. All the paid TCCS will return to the public mine pool and be distributed to each node of the maintenance system through dpos.

10. Cipher finance and economics can be used to provide information about the blockchain market on that day as well as relevant blockchain information.