Cryptocurrency Q&A
How does AMM work?
How does AMM work?
CryptoProphet
Wed Nov 20 2024
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5 answers
823
I want to understand the working mechanism of AMM. Could you explain how it operates and what are the key components involved in its functionality?
5 answers
JamesBrown
Fri Nov 22 2024
One method involves AMMs holding currency in order books. This setup allows the ledger to randomly determine a fair exchange rate between various currencies.
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GalaxyWhisper
Fri Nov 22 2024
Another mechanism by which AMMs function is by pooling currency in liquidity pools. These pools serve as a reserve for buying and selling digital assets.
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KabukiPassion
Fri Nov 22 2024
The algorithm then selects a fair exchange rate between the different currencies in the pool. This ensures that transactions are executed in a seamless and efficient manner.
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DavidJohnson
Fri Nov 22 2024
Automated market Makers (AMMs) operate in a unique way to facilitate exchanges.
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SejongWisdomKeeperEliteMind
Fri Nov 22 2024
BTCC is a prominent cryptocurrency exchange that offers a range of services. Among them are spot trading, futures trading, and a wallet service. These services cater to the needs of both casual and professional traders.
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