Requirements Distillation is the analytical process of refining broadly defined or ambiguous system requirements into clear, precise, and actionable specifications, particularly vital for complex crypto systems architecture. It aims to eliminate redundancy, resolve conflicts, and establish a coherent set of needs for development.
Mechanism
This process involves techniques such as structured interviews with internal stakeholders, analysis of existing system documentation, use case modeling, and prototyping to extract explicit and implicit needs. For crypto RFQ platforms or smart trading systems, this includes translating high-level business goals like “optimize execution speed” into measurable technical requirements for latency, throughput, and API response times. It filters out non-essential requests, identifies dependencies, and prioritizes features based on business value and technical feasibility.
Methodology
The methodology relies on systematic elicitation, documentation, and validation of requirements, often iteratively, to ensure complete and unambiguous understanding among all project participants. In crypto development, this approach minimizes scope creep, reduces the risk of building incorrect functionality, and aligns technical efforts with strategic objectives, such as regulatory compliance or institutional adoption. The outcome is a concise, verified set of specifications that guides architectural design and development, preventing costly rework and accelerating delivery of critical trading functionalities.
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