I am writing for educational purposes a semblance of a Scandinavian auction, how best to organize the autobid mechanism?

Question

PHP

Maybe someone solved a similar problem, tell me how best to make the autobets mechanism, what is required for this?

Answer 1

Scandinavian, is this a constant pitch auction?
Nothing complicated, I think.
The rate system itself will look like in mysql.
id lot_id last_stavka(timestamp or something more precisely with 10 shares) user_id Autobet algorithm (
if after the bet, the time for the bet is added): passed, then you place a bet. Everything seems to be elementary here.