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Trading On Mettalex

system architecture

Components​

  • Traders Within the system, there are multiple traders (for simplification we have 2), referred to as Trader 1 and Trader 2.
  • Agents Agents play a pivotal role in facilitating trades between the two traders. Agents match orders for trades.
  • Blockchain The architecture prominently features a blockchain component, central to various fund-related operations.

Actions​

  1. Trade Initiation A trade is initiated by one of the traders, placing a trade is equivalent to locking funds in escrows.
  2. Agent Notification The agent corresponding to trader receives a notification regarding the initiated trade.
  3. Trade Placement Trade is being placed by another trader in the system
  4. Agent Notification The second agent is notified of the trade.
  5. Agent Matching The agents match forming a trade match, suggesting a successful pairing of buy and sell orders.
  6. Message Signing Agent 1 signs message and confirms Agent 2 to execute funds transfer.
  7. Fund Release Order Funds are directed to be released after a successful trade match.
  8. Fund Release Funds are released, from escrow to the opposing party.

timeline

Note This architecture is subject to change as the architecture evolves. Ensure that it is regularly updated to reflect the most current state of system's architecture.