I had a question about ORN, in what sense is

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Orion Community

S V

I had a question about ORN, in what sense is

it decentralized? Are there nodes running that take care of the core architecture (matching engine etc)?

#cryptocurrency #english #orion

0

03.03.2022

7 ответов

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S V Автор вопроса

Devin
Hello, kindly take some time to do a little bit of...

I've read about the delegated proof of brokers, its a cool concept but I could see a lot of downfalls happening with regulations and exchanges banning such accounts. Furthermore how are the broker accounts connected to each other? Does it use a consensus mechanism to determine which trades to execute, or is it a centralized server that routes the swaps?

0

03.03.2022

Devin

S V
I've read about the delegated proof of brokers, it...

Brokers never get access to traders’ accounts or funds. When a trader signs an order, it’s a commitment to exchange assets at the specific terms included in the order -these parameters are signed in the order message and cannot be changed by any parties. Traders assets are protected by smart contracts and no funds are transferred at the moment of creating the order. Only if the order is filled by a selected broker will the transfer of assets occur atomically within the smart contract: The trader gives the sold asset in exchange for the bought asset. The exact amounts of exchanged assets are strongly enforced by the conditions specified in the order and cannot be altered by the broker. Additionally, traders' assets are protected by broker collateral held during the brokers’ tenure. If malicious activity is seen from brokers, they will lose their collateral and will be banned from the brokerage, while the collateral will be used to reimburse traders.

0

04.03.2022

Rose

Devin
Brokers never get access to traders’ accounts or f...

ORN | BEP20 contract address: 0xe4ca1f75eca6214393fce1c1b316c237664eaa8e ORN | ERC20 contract address: 0x0258f474786ddfd37abce6df6bbb1dd5dfc4434a

0

04.03.2022

S V Автор вопроса

Devin
Brokers never get access to traders’ accounts or f...

I've read about that and understand it. But it doesn't address any of my questions. How is the order that was placed relayed to the Brokers account? Is that using a central server or an oracle? Furthermore I could see exchanges banning these accounts if tainted funds are being used, for example if the Bitfinex hacker swapped using your protocol, in essence the CEX would be indirectly providing a platform to the hacker to trade.

0

04.03.2022

Devin

S V
I've read about that and understand it. But it doe...

You can do well to read some of these too http://blog.orionprotocol.io/nordfinance http://blog.orionprotocol.io/chainlinkoracles

0

04.03.2022

Devin

S V
I've read about that and understand it. But it doe...

Brokers with exchange accounts run Orion Broker Software, automatically executing trades routed from Orion's liquidity aggregator. Brokers are chosen to execute trades based on how much ORN, Orion’s native token, they stake. The suggested links will still give you some guidance. For more inquiry incase you're not satisfied, you can head on to the terminal through the blue widget and drop your technical queries. Our Dev team will be glad to answer. Thank you

0

04.03.2022

Devin · Accepted Answer

Devin

Hello, kindly take some time to do a little bit of research on Orion. You will find your answers and even more interesting information. You can start with this below http://blog.orionprotocol.io/dontpanic

0

03.03.2022

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