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Mastering Ethereum
book

Mastering Ethereum

by Merunas Grincalaitis
April 2019
Intermediate to advanced
490 pages
12h 6m
English
Packt Publishing
Content preview from Mastering Ethereum

Understanding the trading and matching engine

A trading and matching engine is a set of functions that use different types of algorithms to create and close orders. An algorithm could focus on completing the orders with the higher price or those that were executed earlier. It depends on the preferences of the developers. Because we'll work with smart contracts and ERC20 tokens, our engine will focus on completing the orders as quickly as they come, since it will be the users that close the orders, given that the frontend is where most of the logic will be.

We can't process large amounts of information on smart contracts since gas is expensive, so we let the React application take control of the trading to save people's funds.

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Publisher Resources

ISBN: 9781789531374