This study aims to provide the components required to build a cryptocurrency exchange platform and the constraints for integrating the platform with other external systems.
In the project, the open-source platform, called OpenDAX, and its open-source components have been used for developing the cryptocurrency exchange platform prototype. Additionally, the experiment on integrating an Ethereum-based blockchain network into the platform was included. The implementation showed that the platform prototype allowed the creation of an exchange market of both Ethereum-based coin and ERC-20 token. In addition, the platform prototype enabled users to import and export both Ethereum-based coin and ERC-20 token. In the experiment environment, the latency for importing and exporting the coin to the platform was approximately 126.4 and 151 seconds accordingly. Furthermore, the latency for importing and exporting the token out of the platform was approximately 185.4 and 70.4 seconds accordingly. Finally, several technical constraints were discussed in the report for further development.
“Although there are several use cases for cryptocurrency, the most challenging issue is making it reachable to ordinary people in the world. By having an exchange platform, the gap between people in the world and cryptocurrency is reduced.” Yuttapichai Kerdcharoen