elective-stereophonic
elective-stereophonic
Collective, decentralised exchanges, creation of singapore
Please login or register.

Login with username, password and session length
Advanced search  

News:

Latest Nxt Client: Nxt 1.11.15

Author Topic: Collective, decentralised exchanges, creation of  (Read 1126 times)

Daedelus

  • Hero Member
  • *****
  • Karma: +230/-12
  • Offline Offline
  • Posts: 3280
    • View Profile
Collective, decentralised exchanges, creation of
« on: February 02, 2015, 05:52:26 pm »

When Smart Contracts are implemented I think people see it as way to do the odd trade with someone else, having agreed the terms beforehand.

But is there anything stopping a UI being developed that scans the blockchain for open SCs and collates them into a more traditional looking exchange?

Example:
I want to sell 5000 NXT for 0.1BTC*. I open up a SC for a fee of 1 Nxt to stay open for 1440 blocks. Everyone else's UI sees this and displays it in the "SC Exchange" tab of the standard wallet. The first person to transfer 0.1BTC to my account (referencing the SC) gets the 5000 NXT, transferred automatically and decentralized by the SC. After 1440 and no offers, the SC expires. Rather than 0.1BTC, it could be 20 Jinn Assets of 20000 EGOLD MSCoin. Seems pretty powerful.

Possible?

*ignore the exchange rates


(If this is already the plan, forgive me for being a bit slow..  ;D )
Logged
NXT: NXT-4CS7-S4N5-PTH5-A8R2Q
 

elective-stereophonic
elective-stereophonic
assembly
assembly