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Mastering Ethereum

You're reading from   Mastering Ethereum Implement advanced blockchain applications using Ethereum-supported tools, services, and protocols

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Product type Paperback
Published in Apr 2019
Publisher Packt
ISBN-13 9781789531374
Length 490 pages
Edition 1st Edition
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Author (1):
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Merunas Grincalaitis Merunas Grincalaitis
Author Profile Icon Merunas Grincalaitis
Merunas Grincalaitis
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Table of Contents (17) Chapters Close

Preface 1. Section 1: Blockchain - Ethereum Refresher FREE CHAPTER
2. Blockchain Architecture 3. Ethereum Ecosystems 4. Ethereum Assets 5. Section 2: Decentralized Application Development Workflow
6. Mastering Smart Contracts 7. Mastering dApps 8. Tools, Frameworks, Components, and Services 9. Deployment on Testnet 10. Various dApps Integrations 11. Decentralized Exchanges Workflow 12. Section 3: Ethereum Implementations
13. Machine Learning on the Ethereum Blockchain 14. Creating a Blockchain-based Social Media Platform 15. Creating a Blockchain-Based E-Commerce Marketplace 16. Other Books You May Enjoy

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.

Let's start by planning the functions that we'll need so that we have a solid foundation when we create the contracts and the frontend...

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