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How does peer-to-peer trading work in crypto exchanges?
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[QUOTE="alicejenifferze, post: 276322, member: 66624"] p2p exchange works without the need for admin help because this is decentralized. They have p2p system-based protocols, permitting users to users directly connected without a middleman. the only work of the p2p platform is connecting buyers and sellers. many servers have the same software, and this process is controlled by the smart contract. A smart contract is a set of rules that are automatically executed. this smart contract helps two parties to enter into an agreement and transfer funds from one account to another account. The financial institutions are responsible for saving and transferring funds from one account to another account. These transactions are recorded in ledgers. p2p trading does not involve a third party, because here all users are given equal rights and obligations. All transactions are verified to prevent double-spending depots up on consensus algorithms. all participants' network information is stored in the ledger. Most p2p platforms are the chance of being duped when trading, use the rating system so that you can identify trusted users by the ratings. Then before starting one transaction you check the opposite user ratings. If you have an idea to launch your own P2P Crypto Exchange platform, then contact any cryptocurrency exchange development company, they help to start your p2p trading platform by providing a cryptocurrency exchange script. [/QUOTE]
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How does peer-to-peer trading work in crypto exchanges?
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