BUILDING AN EXCHANGE FOR TOKEN

The main benefit of this system is that it solves the biggest problem of the monetary system that is the depreciating nature of it. The value of currency is decreasing every year due the overprinting of the traditional currency as it is centralized therefore so the policy makers decide how much to print but with this project this problem is solved as the given token has fixed supply so it can be made more hence it wouldn’t depreciate and therefore create a system which would help the society by controlling the inflation of various products. In this project, I have created the backend using smart contracts on the Ethereum blockchain. For the frontend, I used the React to create a exchange. The project covers basic operations – creating a token and linking into the blockchain using Web3 Ethereum wallets, transferring token from one account to another. I used Solidity programming language to write the smart contracts and wrote tests in JavaScript. To deploy and test the project, I used Truffle, Metamask and Ganache. It gives a basic idea of how Decentralized Token work in a real-time environment along with its various function.