Shulou(Shulou.com)06/03 Report--

Blockchain technology is considered to be the technical basis of digital currency. The so-called blockchain technology, also known as distributed ledger technology, is an Internet database technology, which is characterized by decentralization, openness and transparency, so that everyone can participate in database records. In popular terms, if we assume that the database is a ledger, reading and writing the database can be regarded as an act of bookkeeping. The principle of blockchain technology is to find out who can keep accounts quickly and well over a period of time, and then send this page of information from the books to everyone else in the system. This is equivalent to changing all the records in the database and sending them to every other node in the network, so the blockchain technology is also called distributed ledger. Take BTC as an example, the ownership of BTC is recorded by distributed account books and confirmed by encryption protocols, which has the characteristics of distribution, decentralization, de-trust, untamperability, encryption security and so on, so that both parties can complete their transactions without mutual trust.

As a result, the trading platform has been born, and the exchange has been developed for six or seven years. In the course of this development, the trading platform is constantly updated, and there are a variety of trading modes and games, of which the most easy to understand is over-the-counter trading.

What are the advantages of blockchain over-the-counter trading system?

1) the over-the-counter trading platform is a decentralized invisible market. It does not have a fixed and centralized trading place, but is traded by many separate operating institutions, and buyers and sellers mainly rely on various ways to contact the transaction.

2) the organization of the over-the-counter trading platform adopts the market maker system. The difference between the over-the-counter market and the exchange is that there is no brokerage system, and the buyer and the seller trade directly.

3) OTC trading platform is a free market. Currencies that fail to be traded online on the exchange can be negotiated with buyers and sellers on the over-the-counter trading platform.

4) the over-the-counter trading platform is a platform for bargaining. On the over-the-counter trading platform, buying and selling takes an one-to-one trading mode, and there may be a large number of buyers and sellers for the same currency at the same time, and there is no open bidding mechanism. However, the price determination mechanism of over-the-counter trading platform is not open bidding, but negotiation between buyers and sellers. Specifically, buyers and sellers do not have to trade in real time according to the price of the exchange, which is a net price without commission determined by both parties through consultation on the basis of the exchange price.

5) the management of over-the-counter trading platform is looser than that of exchange. Due to the fragmentation of the over-the-counter market and the lack of unified organization and articles of association, it is not easy to manage and supervise, and its trading efficiency is not as efficient as that of the exchange. However, with the help of the Internet to connect the over-the-counter markets scattered throughout the country into a network, the management and efficiency have been greatly improved.

What are the forms of block chain over-the-counter trading system? There are three main forms of block chain over-the-counter trading platform developed by Yuanzhong Rui Technology, which are online P2P trading, online B2C trading and offline trading.

First, online P2P transactions are generally done through over-the-counter trading platforms. Such platforms provide places for buyers and sellers of digital currencies such as Bitcoin to publish information, and the transaction model is similar to the "Taobao" model, in which buyers and sellers conduct one-to-one transactions based on the published information.

Second, in online B2C transactions, users can buy or sell digital currencies such as bitcoin directly from the platform, and the price is specified by the platform. After receiving the payment from the user, the platform will release the digital currency such as bitcoin directly to the buyer user, or release the money to the seller user after receiving the digital currency such as bitcoin. The funds on the B side or digital currencies such as Bitcoin are owned by the platform or come from partner merchants.

Third, in offline transactions, buyers and sellers conduct transactions online or offline through online chat tools such as QQ group, WeChat group, Telegram group, Slack group, or face-to-face offline mode.

Yuanzhongrui Science and Technology has been inspiring to research and develop blockchain technology since 2009, and has successfully mastered blockchain digital asset related technology for 11 years. For many years, we have been running around the blockchain technology front. At present, there are many blockchain systems we have developed: blockchain wallet, public chain, alliance chain, private chain, exchange: OTC trading, C2C trading, currency trading, etc., quantitative contract, blockchain IM, blockchain assets generate interest Block chain BAAS platform, block chain anti-counterfeiting traceability, block chain payment, block chain practical application landing project. On the road of blockchain, we have left too many of our technical footprints. If you want to know more about Source-China-Switzerland technology, please come.

Welcome to subscribe "Shulou Technology Information " to get latest news, interesting things and hot topics in the IT industry, and controls the hottest and latest Internet news, technology news and IT industry trends.