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Start Date

16-8-2018 12:00 AM

Description

In this paper, we propose a decentralized double auction system (DDAS), a peer-to-peer auction platform where either party can auction directly without the intervention of a third party or financial institution. Unlike traditional auctions, DDAS embodies digital signatures, smart contracts and smart property. All transactions are timestamped and hashed into the proof-of-work chain. DDAS is not only an auction platform, but also an agreement, a network and a trading system.

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Aug 16th, 12:00 AM

Block Chain Based Double Auction Design

In this paper, we propose a decentralized double auction system (DDAS), a peer-to-peer auction platform where either party can auction directly without the intervention of a third party or financial institution. Unlike traditional auctions, DDAS embodies digital signatures, smart contracts and smart property. All transactions are timestamped and hashed into the proof-of-work chain. DDAS is not only an auction platform, but also an agreement, a network and a trading system.