Fair Trading Protocol
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 at 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 DPOS (delegated proof of stake) 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.
Further Reading
Last updated
