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InstantDEX, formerly the secret project
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Author Topic: InstantDEX, formerly the secret project  (Read 50625 times)

jl777

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InstantDEX, formerly the secret project
« on: April 03, 2014, 09:29:37 am »

The name of the secret project is InstantDEX

With the NXT AE people will be able to trade things, but there will be the blocktime to wait. 1 minute usually, but sometimes could be a lot more. Also 1 minute will feel like a really long time if the market is changing dramatically.

The goal of InstantDEX is to allow for realtime trading of any NXT asset against any other NXT asset (and NXT)
InstantDEX will be able to trade any asset, not just multigateway assets

I have achieved ~5 second times in my proof of concept, but that is not optimized, nor did it implement the full transaction cycle. Also, at these timeframes measuring a transaction really depends on if you count the time from you post a bid, it propagates, somebody immediately accepts it and the trade completes.
Or if you are measuring from when you accept an order on the books and it gets completed.

My goal is to do the former in the ~3 second timeframe. Initial versions will be slower. The multigateway will need to be trusted to redeem assets, but that is a trust level that I am assuming we will be operating with. Almost all of InstantDEX will be decentralized.

People with good internet connections will get better performance than people with bad internet connections.

James
« Last Edit: April 12, 2014, 06:37:03 pm by jl777 »
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farl4bit

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Re: secret project
« Reply #1 on: April 03, 2014, 10:01:14 am »

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bitcoinpaul

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Re: secret project
« Reply #2 on: April 03, 2014, 10:20:55 am »

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Mistafreeze

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Re: secret project
« Reply #3 on: April 03, 2014, 12:30:35 pm »

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mcjavar

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Re: secret project
« Reply #4 on: April 03, 2014, 01:22:15 pm »

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zorke

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Re: secret project
« Reply #5 on: April 03, 2014, 01:26:45 pm »

ha ha all of the above posts are just priceless!!  :D

P.S. Thanks James and Weshley  :)
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lbjnext

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Re: secret project
« Reply #6 on: April 03, 2014, 02:01:58 pm »

It sounds interesting  :-*
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Fatih87SK

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Re: secret project
« Reply #7 on: April 03, 2014, 02:04:56 pm »

Interested
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mcjavar

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Re: secret project
« Reply #8 on: April 03, 2014, 02:33:08 pm »

IPO?





:)
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Yerordyl

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Re: secret project
« Reply #9 on: April 03, 2014, 02:37:55 pm »

Very relevant:
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landomata

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Re: secret project
« Reply #10 on: April 03, 2014, 03:22:18 pm »

Fusion

rdanneskjoldr

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Re: secret project
« Reply #11 on: April 03, 2014, 03:35:06 pm »

When will you explain something about this?Any ETA?
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bitcoinpaul

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Re: secret project
« Reply #12 on: April 03, 2014, 04:02:24 pm »

Guys, relax and throw in some gifs!
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BitcoinForumator

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Re: secret project
« Reply #13 on: April 03, 2014, 04:04:44 pm »

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Come-from-Beyond

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Re: secret project
« Reply #14 on: April 03, 2014, 04:50:25 pm »

I know this dance!

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LiQio

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Re: secret project
« Reply #15 on: April 03, 2014, 06:30:12 pm »

much interest, much dancing

wesley

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Re: secret project
« Reply #16 on: April 03, 2014, 07:33:45 pm »

Jump in !

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Damelon

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Re: secret project
« Reply #17 on: April 03, 2014, 07:37:55 pm »



You REALLY deserve every single smite you get, Paul!
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apenzl

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Re: secret project
« Reply #18 on: April 03, 2014, 07:42:02 pm »

BitcoinForumator

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Re: secret project
« Reply #19 on: April 03, 2014, 08:16:48 pm »

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