How to Set Up Your Own Proof Decentralized Exchange Matching Engine

Mar 22, 2022 | Blockchain

Welcome, tech enthusiasts! This article will guide you through the process of setting up the Proof Decentralized Exchange Matching Engine. Think of it like building a bridge where you connect the swift and user-friendly world of centralized exchanges with the strong and secure features of decentralized exchanges. Let’s roll up our sleeves and get started!

Getting Started

Before we jump into action, let’s take a look at what you need to have in place:

  • mongoDB version 3.6 or newer
  • rabbitmq version 3.7.7 or newer
  • redis version 4.0 or newer
  • dep latest

Booting Up the Server

Once you have the required software, you need to follow these steps to get your server running:

  1. Install the dependencies:
  2. dep ensure
  3. Start the Server:
  4. go run server.go

Understanding API Endpoints

Your engine will interact with various API endpoints to manage tokens, pairs, addresses, balances, orders, and trades. Let’s visualize it as a busy marketplace where different booths (endpoints) manage different goods (data types).

Token Management

  • GET tokens: returns a list of all tokens from the database.
  • GET tokensaddr: returns details of a token using its contract address.
  • POST tokens: creates a new token in the database.

Pair Management

  • GET pairs: returns a list of all pairs from the database.
  • GET pairsbaseTokenquoteToken: returns details of a pair using its contract addresses.
  • POST pairs: creates a new pair in the database.

Order Management

Creating and managing orders is crucial in this matching engine, much like a broker managing buy and sell orders in a financial market:

  • GET orders: fetches all orders from a given address.
  • POST address: creates an address entry and its corresponding balance.

Understanding Orders and Trades

In our marketplace, orders can be seen as customers placing requests for certain items. The matching engine allows for two significant types of transactions:

  • Orders contain the information required to register a buy or sell order.
  • Trades occur when an order matches another order, requiring the taker to sign a trade object.

Order and Trade Structures

Think of orders as detailed customer requests that include all vital information, such as:

  • Buy and Sell tokens
  • Amounts involved
  • Expiration timestamps

When these orders connect, it’s as if the customer’s request culminates in a sale, resulting in a trade where both parties have to confirm the transaction.

Troubleshooting Tips

If you run into issues, here are a few common problems and troubleshooting steps:

  • Check the versions of your software (mongoDB, RabbitMQ, Redis). Ensure they meet the requirements.
  • Make sure that all dependencies are installed correctly.
  • If the server doesn’t run, look at error logs for detailed messages.
  • Ensure that API requests are being made to the correct endpoints. A simple typo can cause a hiccup!

For more insights, updates, or to collaborate on AI development projects, stay connected with fxis.ai.

Conclusion

And there you have it! A comprehensive guide to setting up the Proof decentralized exchange matching engine. At fxis.ai, we believe that such advancements are crucial for the future of AI, as they enable more comprehensive and effective solutions. Our team is continually exploring new methodologies to push the envelope in artificial intelligence, ensuring that our clients benefit from the latest technological innovations.

Happy coding, and may your exchange thrive!

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