Virtual Currency Integration Exchange Server

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Solution Overview

Problem

Current virtual currency transaction methods are inefficient due to the lack of direct transactions between buyers and sellers, relying on multiple exchanges and requiring complex processes for payment and liquidation, which can lead to liquidity risks and delayed transactions.

Innovation Solution

A virtual currency integration exchange system that manages multiple exchanges, facilitating transactions by matching buying and selling requests, managing liquidation deposits, and prioritizing liquidation processes to ensure timely fulfillment of transactions and mitigate risks.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Adaptability or versatility

If virtual currency transactions are conducted through multiple separate exchanges without integration, then each exchange can operate independently with its own rules, but transaction efficiency decreases and liquidity risks increase due to fragmented markets

Engineering Contradiction:

ImproveIndependence of exchangesVSAvoidTransaction efficiency

Core Design Contradiction:

Adaptability or versatilityVSProductivity

Solution Approach 1:

The patent merges multiple separate virtual currency exchanges into a single integrated exchange platform. The integration exchange consolidates order books, matching engines, and transaction processing from multiple member exchanges into one unified system, enabling cross-exchange trading and improving overall transaction efficiency while maintaining individual exchange characteristics through modular architecture

Inventive Principle:

Principle #5Merging (Combining)

Solution Approach 2:

The integrated exchange platform provides universal trading capabilities across multiple virtual currency types and trading pairs that were previously available only on specific exchanges. Users can access all trading markets through a single platform, and the system handles diverse transaction types (spot, margin, futures) with unified processing rules

Inventive Principle:

Principle #6Universality (Multi-functionality)

2Reliability

If complex payment and liquidation processes are implemented across multiple exchanges, then transaction completeness can be ensured, but processing time increases and liquidity risks arise

Engineering Contradiction:

ImproveTransaction completenessVSAvoidProcessing time

Core Design Contradiction:

ReliabilityVSLoss of time

Solution Approach 1:

The system performs preliminary liquidation calculations and payment allocations before final transaction settlement. The integrated exchange pre-computes liquidation amounts, identifies affected positions, and prepares settlement instructions in advance, reducing the time required for actual processing while ensuring completeness through pre-validated calculation logic

Inventive Principle:

Principle #10Preliminary action

Solution Approach 2:

The payment and liquidation processes operate continuously without interruption across the integrated platform. The system maintains ongoing settlement streams that process transactions in real-time as they occur, rather than batching them, ensuring continuous market liquidity and minimizing processing delays while maintaining transaction completeness through persistent settlement operations

Inventive Principle:

Principle #20Continuity of useful action

3Speed

If direct peer-to-peer transactions are enabled without exchange intermediation, then transaction speed increases, but trust and security mechanisms become insufficient

Engineering Contradiction:

ImproveTransaction speedVSAvoidTrust mechanism

Core Design Contradiction:

SpeedVSReliability

Solution Approach 1:

The integrated exchange acts as a trusted intermediary between buyers and sellers, providing centralized matching and settlement services. The exchange's matching engine pairs orders, verifies transaction validity, and coordinates asset transfers, maintaining security and trust while enabling fast execution. The platform's reputation system and regulatory compliance frameworks further enhance trust mechanisms

Inventive Principle:

Principle #24Intermediary (Mediator)

Data Source

PatentUS11416932B2Virtual currency transaction system

Publication Date: 2022.08.16 NEO FRAME

AI summary

Disclosed is a virtual currency transaction system. The virtual currency transaction system according to an embodiment of the inventive concept includes a virtual currency integration exchange server receiving buying request information and selling request information of virtual currency, matching the buying request information and the selling request information, which are suitable for a transaction condition, based on asking price information to make a transaction of virtual currency, and recording transaction conclusion information for each virtual currency transaction and a broker member server transmitting buying request information and selling request information, which are transmitted from a user terminal, to the virtual currency integration exchange server and receiving the asking price information and the transaction conclusion information from the virtual currency integration exchange server to provide the asking price information and the transaction conclusion information to the user terminal.