Bridge Order Book + Bridge Order Book = Synthetic Order Book
1) USD/BTS + CNY/BTS = USD/CNY - this would be merged with the Direct USD/CNY Order Book
2) USD/BTS + EUR/BTS = USD/EUR - this would be merged with the Direct USD/EUR Order Book
3) BTC/BTS + USD/BTS = BTC/USD - this would be merged with the Direct BTC/USD Order Book
4) BTC/BTS + CNY/BTS = BTC/CNY - this would be merged with the Direct BTC/CNY Order Book
the first 2 or the last 2?
if we use USD/BTS for USD/CNY as the first case and for BTC/USD as the third case, wouldn't we be messing things up?
We should decide what Synthetic order books to create/combined order books
I think it's best if we first know what Combined Order Books we need the most, and from there build the Synthetic Order Books as seen on the picture
So I would guess the last two markets (BTC/USD and BTC/CNY) make more sense for the general trading population, meaning we should get BTC/USD + BTS/USD and join them creating a Synthetic Order Book (BTC/USD) which we would then merge with the Direct Order Book BTC/USD and do the same for CNY
+
Bitcoin Side Chain
=
Combo Break!
The thing is, how does Ripple achieve this if they want to create multiple Combined Order Books? Probably the xrp/usd pair will be used in lots of different synthetic order books, they shouldn't be restricted to one single Synthetic Order Book right? So, how do they do it? It's not like you can just cut it in half, since everyone needs the best bids/asks. You can't cut amounts in half because whoever placed the order, didn't place half of it and that's what he would get...