Description: Order matching is the process of combining buy and sell orders in a trading system, thereby facilitating the execution of transactions in financial markets. This mechanism is fundamental in the realm of decentralized finance (DeFi), where the aim is to eliminate intermediaries and allow users to interact directly with each other. Essentially, order matching ensures that transactions are executed efficiently and transparently, enabling market participants to find counterparts for their trades. The main features of this process include execution speed, transaction transparency, and reduced costs associated with intermediaries. In the context of decentralized systems, order matching is carried out through smart contracts that automate the process, ensuring that the conditions of the transaction are met without the need for trust in a third party. This not only enhances market efficiency but also promotes financial inclusion by allowing anyone with internet access to participate in the trading of digital assets. In summary, order matching is an essential component driving the operation of decentralized markets, fostering a more accessible and decentralized ecosystem.
