Hallex: A Trust-Less Exchange System for Digital Assets

4 Pages Posted: 16 Feb 2017 Last revised: 30 Mar 2017

See all articles by Jeppe Hallgren

Jeppe Hallgren

Hallex Exchange Systems

Malte Hallgren

Hallex Exchange Systems

Sam Fisher

Hallex Exchange Systems

Jakob Hautop

Hallex Exchange Systems

Nicolai Larsen

Hallex Exchange Systems

Omri Ross

University of Copenhagen

Date Written: February 15, 2017

Abstract

This paper presents a protocol for establishing a trust-less exchange system for digital assets on top of turing-complete blockchain technologies such as Ethereum. By combining smart contracts and digital signatures, we show how rules about asset trades can be enforced at low latency. These rules allow the exchange to be centralized but avoid placing trust in a third-party. This idea combines the advantages of centralized exchanges such as speed and price with the benefits of trust-less smart contracts giving unprecedented transaction security and settlement speed.

Suggested Citation

Hallgren, Jeppe and Hallgren, Malte and Fisher, Sam and Hautop, Jakob and Larsen, Nicolai and Ross, Omri, Hallex: A Trust-Less Exchange System for Digital Assets (February 15, 2017). Available at SSRN: https://ssrn.com/abstract=2917078 or http://dx.doi.org/10.2139/ssrn.2917078

Jeppe Hallgren (Contact Author)

Hallex Exchange Systems ( email )

Hegnetsvej 16
Allerød, 3450
Denmark

Malte Hallgren

Hallex Exchange Systems ( email )

Hegnetsvej 16
Allerød, 3450
Denmark

Sam Fisher

Hallex Exchange Systems ( email )

Hegnetsvej 16
Allerød, 3450
Denmark

Jakob Hautop

Hallex Exchange Systems ( email )

Hegnetsvej 16
Allerød, 3450
Denmark

Nicolai Larsen

Hallex Exchange Systems ( email )

Hegnetsvej 16
Allerød, 3450
Denmark

Omri Ross

University of Copenhagen ( email )

Nørregade 10
Copenhagen, København DK-1165
Denmark

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