Why use token exchange?

Token exchange is a mechanism that empowers clients to define the roles involved in a transaction with precision. It enables the specification of both the actor, who will carry out the requested action, and the subject, on whose behalf the action is being performed.

This level of granularity in defining transaction participants is achieved by incorporating two tokens within the transaction request. Each token uniquely identifies one of the two parties involved, clearly distinguishing between the actor and the subject.

Additionally, BTCC's futures trading service allows clients to speculate on the future price movements of cryptocurrencies. By using tokens to specify the roles of traders and beneficiaries, BTCC ensures that futures contracts are executed with clarity and transparency.

The inclusion of these tokens in the request ensures that there is no ambiguity regarding the roles and responsibilities of each participant. It provides a secure and transparent way for clients to authorize actions on their behalf.

The concept of token exchange is particularly relevant in decentralized systems, where trust and verification are essential. By verifying the authenticity of the tokens, the system can confidently execute the requested action, knowing that the proper authorization has been granted.