Ethereum: Is a distributed version of GLBSE possible? How would you design it?

Ethereum: Is GLBSE a distributed version possible?

The concept of a decentralized and open source alternative to the Bitcoin -based stock exchange platform, the GLBSE (global binary bag) has recently received considerable attention. The idea of ​​creating a distributed version of GLBSE without a single error point is interesting and potentially changing the space to Kryptovaluta Square.

What is GLBSE?

GLBSE is a privately owned Bitcoin stock exchange that allows users to buy, sell and negotiate on various devices on binary options. The platform has become popular with investors who are looking for alternative investment opportunities beyond traditional financial assets. The underlying technology, which depends on a centralized server, poses a significant risk to users, including possible losses for access or data violations.

Why is the distributed version of GLBSE possible?

The distributed version of GLBSE would be a number of benefits to its current decentralized model:

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• Improved security : Distributed architecture can distribute the attack surfaces in several knots, making it difficult to explore the vulnerability.

• Scalability : As demand increases, the distributed version of the GLBSE can climb more efficiently, reducing delay and increasing the user experience.

• Faster Transaction Processing

  

  : Determined delays would be processed faster, allowing users to negotiate faster.

projecting the distributed version of GLBSE

To create a functional distributed version of GLBSE, you can follow these key design principles:

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• Handling nodes : Select the nodes that “masters” that manage specific aspects of the system, such as authentication, negotiations and orders.

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Technical implementation

The following technical aspects must be taken into account to implement this concept:

• Programming Languages ​​: Choose programming languages ​​(eg strength, rust) that is suitable for construction of decentralized applications on the blockchain platform.

• Blockchain Protocol : Select an appropriate blockchain protocol (eg Ethereum, Hyperleder Fabric) to create and manage the distributed system.

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• Distributed data storage : Design a scalable data storage solution with techniques such as shielding or distributed cache to manage increased traffic.

Challenges and considerations

Although the distributed version of GLBSE offers many benefits, it has many challenges:

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