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Block chain matching exchange scheme

An exchange and blockchain technology, applied in the Internet field, can solve the problems that the blockchain matching exchange is not mature enough, cannot handle the forced liquidation of margin account matching transactions well, and achieve the effect of good user experience

Inactive Publication Date: 2016-10-12
HANGZHOU FUZAMEI TECH CO LTD
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Problems solved by technology

[0002] At present, blockchain matching exchanges are not mature enough, and they cannot handle the forced liquidation of margin account matching transactions well.

Method used

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  • Block chain matching exchange scheme

Examples

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Effect test

Embodiment 1

[0019] Embodiment 1, with reference to specification sheet figure 1 ,

[0020] This embodiment illustrates the transaction process of a blockchain matching exchange.

[0021] In the smart contract of the blockchain exchange, it is necessary to set an encrypted digital currency public key address for receiving user payment of digital currency, and an encrypted digital asset public key address for receiving user payment of digital assets.

[0022] In this example, user A wants to buy digital assets with encrypted digital currency. After the purchase order (including at least quantity and price) is signed by user A's private key, it is transferred (1) to the digital currency public key address of the blockchain exchange .

[0023] User B wants to sell encrypted digital assets to obtain encrypted digital currency, and the sell order (including at least quantity and price) is signed by user B's private key and transferred (2) to the digital asset public key address of the blockc...

Embodiment 2

[0028] This example illustrates how a blockchain exchange implements a forced liquidation mechanism for margin-matched transactions.

[0029] For margin trading accounts, users can transfer encrypted digital currency or encrypted digital assets to the public key address of the exchange as a deposit for placing an order. Users can use the private key corresponding to their public key address to sign the order instruction and send it to the block chain exchange, and at the same time send a signed forced liquidation order calculated at an unfavorable price (at the same time, it must comply with the rules of the block chain exchange’s forced liquidation). The margin on the address is not enough, and a margin call notification message will be sent. When the user adds margin, he can modify the forced liquidation order at the same time, and sign it with the available private key. If the forced liquidation line is reached, the user does not increase the margin in time. The user's ware...

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Abstract

In a block chain matching exchange smart contract, one or more exchange public key addresses need to be set to receive an order sent by a user to a block chain exchange and the corresponding encrypted digital money or encrypted digital asset. When the user withdraws the order, the encrypted digital money or encrypted digital asset is returned to the public key address of the original user (if transaction is not successful). If transaction is matched, the encrypted digital money or encrypted digital asset is transferred from the exchange public key address to the public key address of the corresponding partner. The encrypted digital money or encrypted digital asset in the exchange public key address can be transferred according to an agreed way without a private key sign, such as the encrypted digital money or encrypted digital asset is returned to the public key address of the original user or is delivered to the public key address of the partner.

Description

technical field [0001] The present invention relates to the field of Internet technology, especially technologies such as block chains and matching exchanges. Background technique [0002] At present, the blockchain matching exchanges are not mature enough, and they cannot handle the forced liquidation of margin account matching transactions well. Contents of the invention [0003] The purpose of the present invention is to use blocks to improve the functions of blockchain exchanges, and to solve the method of forced liquidation during margin trading. [0004] This solution better solves the problem of the control of encrypted digital currency or encrypted digital assets when matching transactions on the blockchain. It not only needs the user's own private key to sign and send the order instruction, but the blockchain matching system can also automatically follow the rules. Execute the transaction. [0005] The technical scheme adopted in the present invention is: [00...

Claims

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Application Information

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IPC IPC(8): G06Q40/04H04L9/30
CPCG06Q40/04H04L9/30
Inventor 王志文吴思进
Owner HANGZHOU FUZAMEI TECH CO LTD
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