Hi guys, I am trying to understand how the stellar distributed exchange works. So, as far as I understood any account can make an offer to buy and asset of and issuer he or she trusts? Is that then all in a very simplistic way? So, I can issue my own asset (or hold an asset from another issuer I trust) I can then make an offer to exchange the asset I hold from another asset of an issuer I trust Then the distributed exchange will automatically look for other offers and try to fill that of mine? If you anyone has a better explanation, please share :-)

yulemata That's it, more or less. There are some specific cases like: An issuer can allow only specific accounts to hold the asset. In this case you can't trade it if you are not approved. But the distributed network is in charge of doing the trading and matching orders.

How stellar distributed exchange works?

yulemata

Hi guys,

I am trying to understand how the stellar distributed exchange works. So, as far as I understood any account can make an offer to buy and asset of and issuer he or she trusts? Is that then all in a very simplistic way?

So,

I can issue my own asset (or hold an asset from another issuer I trust)
I can then make an offer to exchange the asset I hold from another asset of an issuer I trust
Then the distributed exchange will automatically look for other offers and try to fill that of mine?

If you anyone has a better explanation, please share :-)

bkolobara

yulemata That's it, more or less. There are some specific cases like:

An issuer can allow only specific accounts to hold the asset. In this case you can't trade it if you are not approved.

But the distributed network is in charge of doing the trading and matching orders.

yulemata

Thanks @bkolobara, that specific case was indeed something I had missed :-)