Block Trade Verifiability refers to the capacity to confirm the execution and details of a large-volume crypto trade, typically executed off-exchange or through an over-the-counter (OTC) desk, with a high degree of certainty and transparency. This assures all parties of the trade’s authenticity and correct settlement.
Mechanism
The mechanism often involves cryptographic proofs, blockchain transaction records, or attestations from trusted third-party verifiers. For OTC block trades, this may include pre-arranged, signed contracts that reference on-chain settlement addresses, or the use of atomic swaps where settlement is conditional on both legs of the trade executing simultaneously.
Methodology
The methodology employs a combination of off-chain contractual agreements and on-chain settlement. Secure communication channels confirm trade terms, followed by execution on a distributed ledger where transaction hashes serve as verifiable records. Post-trade reconciliation processes ensure data integrity and agreement across participant records.
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