matching system

In addition to adopting the common consignment mode and auction mode in the N17 trading market, a brand-new matching system has been added to the trading market, and the matching system uses a collective bidding model. Since in the blockchain system, orders are not generated continuously, but are generated discretely according to the block time interval, so N17 is not like most centralized exchanges that use continuous bidding algorithms for orders, but according to the block time interval, Orders are matched periodically through centralized bidding.

Each block adopts the method of collective bidding to ensure that a digital asset transaction pair will only have one transaction price in a block, and the transaction will be executed in the order of "price priority, time priority", which can greatly weaken the transaction in the block The impact of the sorting on the final matching result will increase the difficulty of miners' pre-trading and reduce the benefits brought by miners' pre-trading, so as to ensure the fairness of transactions.