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General Discussion / What happens if Steem market cap surpasses Bitshares market cap?
« on: April 29, 2016, 02:56:31 am »
This is a question no one has asked but probably many people are thinking about.
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Smart markets replace multiple double auctions with a sophisticated combinatorial auction as the core mechanism (Phase 2.0).[n] Because double auctions simply sort bids and asks, they are only capable of bilateral order matching on two-sided order books. And since double auctions can only do bilateral order matching, multiple securities must be traded in parallel on disconnected, two-sided order books; an arrangement that fragments liquidity. In contrast, combinatorial auctions solve complex optimization problems, so they can perform multilateral order matching on a united, multi-sided, combinatorial order book. Since multilateral order matching on a combinatorial order book enables multiple securities to be traded together in the same combinatorial auction, smart markets aggregate liquidity.http://cdetr.io/smart-markets/
The US cabinet department is now accepting research proposals from small businesses in 13 topic areas, including the "Applicability of Blockchain Technology to Privacy Respecting Identity Management" and "Blockchain Applications for Homeland Security Analytics"