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--- how_the_trade_portal_works [11/16/2021 15:29] – created gfactor
+++ how_the_trade_portal_works [06/18/2025 20:31] (current) – crowetic
@@ Line 1: / Line 1: @@
-====== How The Trade Portal Works ======
+====== Underlying Cross-Chain Trade Functionality of Qortal ======
 {{:qortal_official_logo_transparent_.png?400|}}
-This page is dedicated to explain everything needed in order to trade successfully on the trade portal.
+=== This page is in need of updates as well, but the concepts here are still applicable. The primary trade platform for Qortal now, that leverages the cross-blockchain trade capability Qortal provides, is Q-Trade, available as both a Q-App accessible on Qortal directly, and via the Qortal Chromium Extension + Q-Trade website on https://qort.trade. Regardless of the trade frontend utilized, the backend is all done by the Qortal Core, and leverages the same primary components.===
-**Two things or entities are attached to a trade. They are:**
+====Primary Trade Components====
+The two primary components of a TRUE cross-blockchain trade taking place with the assistance of Qortal, are:
-) AT and 2) Tradebot
+**__ACCT AT__**- ATs are Qortal 'smart contracts' (for lack of an easier explanation). They are much more optimal and lower-requirement SmartContract system, that allow the automation of transactions on the Qortal Blockchain. They are a Turing Complete hardware-level code language written by the CIYAM Developers. The specific type of AT utilized for a Cross-Blockchain Trade, is the 'ACCT AT' or '**Atomic Cross-Chain Trade**' Automated Transaction. This AT's job is simply to 'lock' QORT so that the issuer of the AT cannot spend it, during the trade process. The ACCT AT is where the QORT that is 'listed' for 'sale' is stored, after the 'sell' is initiated by the seller account.
-**What is the AT?**
+**__Qortal Core 'Tradebot'__** - The 'tradebot' of the Qortal Core is a means to automate the various transactions required to complete a true cross-blockchain trade. Each cross-blockchain trade requires multiple steps to complete. Each step requires a transaction on the chains involved in the would-be trade. The tradebot automates the process of creating these transactions, thus allowing the users initiating the trades to click a single button, and nothing more. Essentially the tradebot is given authority to act on behalf of the account trading, by the account owner. The Tradebot then automates the various stages of the cross-blockchain trade, making it so that the trade can take place 'immediately'.
-The  AT is medium with which the exchange or trade or swap takes place.
+The Tradebot initiates 'MESSAGE' transactions to the AT, and executes transactions on the 'foreign chain' involved in the trade, so that the trade can take place without any further human interaction aside from the clicking of 'buy' or 'sell' on any of the various trade interfaces for Qortal.
-**What is the Tradebot?**
+The Tradebot runs on the node on which the trade is initiated. In the most optimal case, the node will be on your local computer. However, utilizing a node on a remote machine and/or a public node is also possible, but the details change a bit depending on whether a node is local or not. More details will come soon regarding the various differences.
-The Tradebot is what controls the flow of Trade and the AT. The Tradebot runs on your system and is ONLY LOCAL to you. Meaning no-one else can use your Tradebot.
+For the latter portion of this page, the assumption is that the user is running Qortal in the most optimal fashion, having both Qortal Hub, and the Qortal Core running on their local computer, not accessing a remote node they own, nor a publicly run remote node.
-**Why do you need a Tradebot?**
-The Tradebot came as a solution to having a simple and successful trade. If you are to run the AT alone, you'll need to manually do everything needed to complete a trade. That is why the Tradebot is there to help you complete the trade. Once again, Tradebot runs ONLY ON YOUR SYSTEM.
 **TO HAVE A SUCCESSFUL TRADE:**

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