transaction processing systems tps
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transaction processing systems tps

The focus of 2017 also includes making blockchain workplaces more attractive. Unlike stock investing or futures trading, forex currency trading doesn't need and contains a particular market. All trades are executed Over The Counter (OTC) through high-speed interconnected electronic networks. The banks have their own dealing rooms and many individual traders trades from other home on specific encrypted currency trading software platforms. These trading platforms are usually of two sides as online or broker-side trading platforms and direct access or trader-side trading platforms. On the basis of introducing marginal concepts and mathematical argumentation, neoclassical has established a formal "perfect" mathematical model for the neoclassical "laissez-faire order" : general equilibrium. The price is the most important independent variable in this model, which can also be called price mechanism. The process of achieving general equilibrium is also a process of social resources guiding the flow of prices, so the price mechanism regulates the allocation of social resources. The market can indeed be described as a laissez-faire pricing mechanism. However, this price mechanism does not operate in a vacuum, and does not work effectively in any social system. The basic premise of the efficient operation of the price mechanism is the implicit assumption of Smith: to recognize individual "lusts" and to clear and protect individual property rights. Clear and guaranteed personal property is the basic premise of market existence. It is necessary to recognize the personal "lusts" and to ensure that individual property rights are supported by the corresponding institutions, which are not in our society. Along with the social network virtualization, the market is not necessarily true place and place, many of today's business is achieved through the computer network, China's largest e-commerce site, taobao is to provide the exchange of virtual market. Taobao, Asia's largest online retail business circle, is committed to creating the world's preferred online retail business, founded by alibaba group on May 10, 2003. Taobao now spans two large parts of C2C (consumer) and B2C (merchant to individual). As of 2008, there were more than 98 million registered users, with the majority of online shoppers in China, covering the vast majority of online shoppers in China. In 2008, the transaction volume was 999.6 billion yuan, accounting for 80% of the online shopping market. Although an enterprise's internal trade fair eliminates or reduces some of the market transaction costs, it also brings with it the specific transaction costs of the enterprise. The main reason for this defect is also the incompleteness of information. Specifically, first, there are various contractual relationships among enterprises, including contractual relationship between enterprises and workers, contractual relationship between enterprises and managers, etc. The enterprise should supervise the work of the workers and products that it employs, as well as the managers and other personnel, and induces them to work hard for the enterprise. So, companies are signing contracts and spending on oversight and incentives. Secondly, on the one hand, corporate decision makers often need to obtain information from subordinates. On the other hand, the decision-making information of the upper level of the enterprise should be realized by passing it to the subordinate. The information transmission of these two different directions will be distorted by the increase of subordination of enterprise scale, resulting in the loss of enterprise efficiency. Once again, the subordinate of the enterprise often conceals or passes the wrong information to the superior for selfish motives, so that the superior can make decisions that benefit the subordinate. Or, the subordinate's decision to the superior only passes or executes the part that is advantageous to oneself. These will result in the loss of enterprise efficiency. Thus, the expansion of enterprises is limited. According to coase's theory, the scale of the enterprise should be expanded to this point, that is at this point to increase the cost of an internal exchange cost equals the cost through the market exchange cost and so on.