BitShares Forum

Main => Technical Support => Topic started by: julian1 on November 22, 2014, 10:40:54 am

Title: Are asset bids, asks and shorts entered in the blockchain?
Post by: julian1 on November 22, 2014, 10:40:54 am

Or just the transactions generated from the market engine?

And if so, then what are the fees?

Title: Re: Are asset bids, asks and shorts entered in the blockchain?
Post by: speedy on November 22, 2014, 11:15:54 am

All bids, asks etc are recorded on the blockchain, so require the user to pay the usual transaction fee. By default this is 0.5, but you can reduce it down to 0.1 in the preferences.

Canceling an issued order costs another 0.1, because the cancel goes into the blockchain too.

The market engine matches orders when 2 opposing sides have overlapping prices. At that point the transaction cant be canceled, at least not partially.

Title: Re: Are asset bids, asks and shorts entered in the blockchain?
Post by: julian1 on November 22, 2014, 11:22:43 am

Thanks. That was the answer I was hoping for with the blockchain making all market actions public and transparent.