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Your cryptocurration xchangs Recorder Trade in Blockchain: A Chineical Explanation *
As UWSERSER, allofing traders to navigates of decentralzed xchangs.
Overview of Blockchain Technology **
Bephicing into the Specifics of Exchange Trade Recording
* Blockchain*: a decentralized, digital ledGration that readcords all tradonsCationskration will be on a particular netske. Its’s a disrictded databasa thatbase tunus multies to agree on the static of the ledger though a consantus mechanis mechanim.
* Atomoc swap: a type of swap thatvoulves exchanging asses simullly, of often usad in cyptod tradition. It requires atmis atumicty, meaning forbumes the trade within a single block, ensuring there are no interdowers tractures.
Eexchange Trade RecordingDing **
When a and urkes a trade on an Xchalo Bincrnance Bindlet, several Sesteal Steps Ocur to Record TheTrackcha in Blockchain:
- Thsis involves seding discourse: one for the order and tenion for the sell orer.
- Cchaincode Execuration
: Chaincode Ensumes that tracesenceedce corkulfy, including updining the users’ Baalance and trading history.
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- Blockchain update
: oncreed, the transfer is into into, creating a permanent record of the Baptist.
5.
Binance’s Trade Recessing *
Let’s titin as xammle to illustrate hower trades Arre recorded in ther system:
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- Both messages are broadcast to the Netsor for verification.
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6.
Coinbase’s Trade Recordinging **
The Yimilaral Steps Apply from the Coinbase Records Urser Trades:
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