| 英文摘要
| Most of the current cryptocurrency exchanges choose Star-Topology exchange model. Exchanges usually choose cryptocurrency or token as the central currency of the Star-Topology exchange model. However, cryptocurrency or token cannot function as a value scale perfectly because of their huge price fluctuations, and it is difficult to accurately analyze the value variations of the other assets. Using legal currency or stable token as the central currency cannot avoid the loss of time value. Therefore, this thesis designs the Intermediary Stock Token, which is a kind of platform token. It not only has short-term stability, but also can make up for the loss of time value. It greatly increases the circulation in the cryptocurrency exchange.
In addition, most of the decentralized cryptocurrencies are still being exchanged on centralized cryptocurrency exchanges. However, the recent incident of cryptocurrency theft has made people doubt the security of centralized cryptocurrency exchanges. Therefore, decentralized exchanges have emerged. Full decentralized exchanges are not only inefficient but also costly, so there have been many semi-decentralized exchanges which introduce centralized processes into the decentralized exchanges. In this thesis, we will introduce a novel cryptocurrency exchange by combining a centralized platform with Ethereum decentralized blockchain. We also designed trust mechanism of asset under trusteeship to solve the trust problem.
What’s more, the thesis will introduce the design structure of the exchange as well as the design and implementation of transfer system, asset exchange system, asset loan system and some auxiliary systems within the exchange. Based on a new model, the Exchange has good reference value and guiding significance for current cryptocurrency exchanges and financial institutions. |
