Programming my own exchange

I came here a week ago to say that I was going to program my own exchange. I got mostly negative responses, but I have figured it out mostly. I wrote the code for the account system.

As for security, I know how the firewalls and load balancing works. The database VPSes have firewalls against all IPs except private internal IPs that allow it to connect only with the reverse proxy in the front. DDOS is not much of a problem. I can use Cloudflare.

My problem is how the fuck do I integrate the cryptos into my site? Like am I supposed to maintain a BTC ledger with the full 122 GB on my server? Also, how do I store coins offline with a paper wallet? What if people withdraw?

Fuck off.

I dont know anything about this

kys nocoder

This desu

>As for security, I know how the firewalls and load balancing works

lel, sign me up!

You show me a BTC ledger with 122 GB on the server, I quit my job right now and I work for you.

what features would you like to see and which coins would you want?

I'm thinking of (plus the main ones)
QTUM
STRAT
IOTA
NEO
GAS
EOS
OMG
BAT

Also, do you want whales to be cockblocked on the site (no allowed to sell anything when you are above x% in volume)

im really confused about that. i was thinking of using libbitcoin but wtf idk about these libraries. i do computer vision

would i get more knowledge on >> /g/ or here

you are one dumb fuck aren't you, OP.

your whole little science experiment aside, even if you did manage together to cobble a little site together you're forgetting about one important thing.

you think the government is gonna let some greasy fuck just open your own exchange? know all that AML/KYC shit you have to fill out when you sign up for exchanges?

yeah. that's on you chief. uncle sam is going to be knocking on your door within days of launching your shitty little site, if it even can handle more than 50 concurrent users.

OP is bullshit or he would have posted his github, and he wont do it because beardfags like myself would rip his asshole a new asshole

.aaaaand /thread.
fuck all of you for believing OP's bullshit.

sorry im gonna kys now. i live in city so i be jumpin

Bittrex uses a dedicated Azure vm for each wallet.

Let the pros handle the load balancing for you.

What's your background? What languages did you use?

Here's a great idea that I would've used but can't be arsed
Make a BCH market. Infact keep only one market: BCH

SYSCOIN, just install

It's not about the firewall. It's about exploits.

uh this is shit, i saw a fiverr ad some indian will set up an entire exchange for you for $25

Yes you keep a ledger so you can verify transactions coming in and out your exchange. You don't want to hold btc which isn't actually yours. Or you use an API to a blockchain monitor to verify.

As for wallets you need cold and hot wallets. Cold wallets are not connected to the internet and are merely used to fill the hot wallets. The hot wallet is used to thorough put exactly enough to fulfil a day's worth of withdrawals from your exchange. If it is insufficient you should manually access the cold wallet to supply the hot wallet. That is the tricky part, to secure those funds and trust employees.

And making an exchange is hard. Look up open source versions on github etc

err, you need to maintain wallets for every coin, how can you have got this far without knowing?

Ok cool, see you. It is clear that you have no idea wtf you're doing. And that's ok OP, you just maybe need to start with some smaller projects I think.