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trade_portal_overview [04/27/2023 19:57] – gfactortrade_portal_overview [06/18/2025 20:15] (current) – crowetic
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 +=====This page is outdated, updates to it will take place over time. =====
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 +=== Information Related to the underlying workings of the 'Trade Portal' (The built-in trade platform of the now-deprecated Qortal UI) are the same as the underlying workings of Q-Trade. Both of them rely upon the Qortal Core and leverage ultimately the same API endpoints in the Qortal Core to make trades happen. This information being outdated does not apply to the underlying functionality of any of the TRUE cross-blockchain trades that are possible leveraging Qortal, and as such, has been kept here until more in-depth updates can take place. ===
  
 Qortal’s Trade Portal aims to remove the need for centralized exchanges and ‘decentralized exchanges’ which riddle the blockchain space with all sorts of flaws. That is not to say that all exchanges which claim to be decentralized are flawed, but surely most are. The idea of the Trade Portal is to provide true peer-to-peer (p2p) transactions between buyers and sellers without the need of the middle man by utilizing cross-chain trades in the form of the ‘ACCT’ SmartContract (Atomic Cross Chain Trade). The only authority over a trade taking place is solely between the buyer and seller! The custom trade bot for the buyer and seller automates the multiple stages involved in a true cross-chain trade so that the Trade Portal is as simple to use as any centralized service but without any of the associated risks such as 1) historically these exchanges have been prone to hacks and failure, and 2) depositing assets into a wallet or temporarily releasing control of assets during a trade. Qortal’s Trade Portal aims to remove the need for centralized exchanges and ‘decentralized exchanges’ which riddle the blockchain space with all sorts of flaws. That is not to say that all exchanges which claim to be decentralized are flawed, but surely most are. The idea of the Trade Portal is to provide true peer-to-peer (p2p) transactions between buyers and sellers without the need of the middle man by utilizing cross-chain trades in the form of the ‘ACCT’ SmartContract (Atomic Cross Chain Trade). The only authority over a trade taking place is solely between the buyer and seller! The custom trade bot for the buyer and seller automates the multiple stages involved in a true cross-chain trade so that the Trade Portal is as simple to use as any centralized service but without any of the associated risks such as 1) historically these exchanges have been prone to hacks and failure, and 2) depositing assets into a wallet or temporarily releasing control of assets during a trade.
trade_portal_overview.txt · Last modified: 06/18/2025 20:15 by crowetic

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