What is the Orderbook?

Orderbook is ALEX's scaling solution layer that brings instant trade confirmation to the security of Bitcoin.

Orderbook uses a hybrid on-chain/off-chain design, whereby a commitment to buy or sell certain asset is communicated in a cryptographically signed message, which is then matched by an off-chain matching engine before settling on-chain.

Orderbook is designed such that many types of market exchanges, not only a traditional CLOB but also an NFT marketplace or social trading, can be built on top.

Why do we need the Orderbook?

Orderbook is ALEX's scaling solution layer that brings instant trade confirmation to the security of Bitcoin. Orderbook therefore addresses a key user experience issue our community has on Stocks - that the trade confirmation requires waiting of 10-15 minutes (along with Bitcoin block confirmation).

What are the benefits of using the Orderbook?

There are a number of benefits for Bitcoin/Stacks users to use Orderbook to trade assets.

Instant trade confirmation with Bitcoin finality

As we said earlier, Orderbook is our scaling solution layer that combines instant trade confirmation with Bitcoin finality. Orderbook therefore addresses a key user experience issue our community has on Stocks - that the trade confirmation requires waiting of 10-15 minutes (along with Bitcoin block confirmation).

Gas-free orders

Orderbook uses a hybrid on-chain/off-chain design, whereby a commitment to buy or sell certain asset is communicated in a cryptographically signed message, which is then matched by an off-chain matching engine before settling on-chain.

This design means users of Orderbook can create/close orders gas-free and confirm their orders instantly without having to wait for the underlying block confirmation.

Security of your assets

You have the full ownership and control of your assets on Orderbook. Zero credit risk.

By developers, for developers

Ease and fun of development is at the core of Orderbook design. Orderbook is designed such that many types of market exchanges, not only a traditional CLOB but also an NFT marketplace or social trading, can be built on top.