Fair Trading Protocol

QL
Last updated last month

What is Fair Trading Protocol?

Fair Trading Protocol (FTP) is a public infrastructure to enable anyone to build trading applications on the blockchain that is fast, secure, and transparent.

The technology comprises of the following:

Distributed Orderbook Technology (DOT) that handles on-chain order matching, built from the grounds up, featuring Byzantine based consensus, and sub-second latency.

Cross-chain Ledger Technology (CLT) that enables assets to freely move across multiple blockchain while maintaining end-2-end user custody & decentralization, managed by smart contracts, and collaborative signing (COSI) protocol.

Open-source Quanta DEX is an open source React frontend project, showcasing the end-user experience of the QUANTA technology stack.

Benefits

Fast - The protocol use pBFT consensus and Cosi, which do not require expensive computation power, which allows faster block time, and higher throughput.

Secure - Unlike many other crypto trading systems, our fair trading protocol does not compromise on security. Order-matching is done completely on-chain which means all order-matching are executed consistently, without any risk of tampering, or front-running. User retains custody of their token throughout the lifecycle of the trading process. That means your private key is safe with you.

Transparent - The order-book and and settlement are recorded on the blockchain, which means that the order-book is auditable, and ensuring trust on the system.

Dual-ledger Byzantine Fault Tolerant Consensus

The protocol used in Fair Trading protocol does not require any mining or expensive computation power. It is based on quorum consensus. The Distributed Orderbook Technology (DOT) uses a combination of Practical BFT Consensus, and Collaborative Signing (COSI).

Cross-chain Trading