With cryptocurrency slowly seeping into the fabric of our day-to-day lives, crypto-exchanges stand at the forefront of the crypto-revolution. BitMEX, the leading crypto-trading platform, released a report sharing its insights into the company’s scaling initiatives and the complications around handling the recent spike in trading volumes.
The report shared by BitMEX on Twitter read,
“BitMEX Technology Scaling. Take a read how our engineering team is working to handle the immense trading volumes going through BitMEX and the challenges that we face ahead as we continue to scale.”
The company revealed that the “BitMEX trading engine is fundamentally different from most engines in crypto and in traditional finance” and offers exceptionally accurate trading. The post also highlighted the rising trading volumes in 2019, where the exchange witnessed a record-breaking $11 billion worth of trade on 11 May 2019.
Further, BitMEX explained that the exchange yielded 10x performance improvement after the company focused efforts to “optimize order cancellation, amend, and placement actions in the trading engine, reworking internal data-structures, algorithms and audit checks to tune specifically for the kind of speed kdb+ can offer”.
The report also described “System Overload” as a purposeful feature that avoids queue delays and execution times by minutes. The company also focused on building the trading engine in such a way that,
“Not a single satoshi goes missing, or the system shuts down! Additionally, our engineers have identified several key areas where optimisations can safely be made and are working tirelessly to deliver a new, robust architecture to dramatically increase the capacity of the platform.”
The company’s endnote hinted at further incremental changes as part of the ongoing longer-term re-architecture of the trading platform, as well as tactical in-place capacity improvements to the engine.
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Justin Sun on shaking down the Internet, Coin Metrics on Kin’s blockchain activity and more
Crypto News – 26 June – Justin Sun on shaking down the Internet, Coin Metrics on Kin’s blockchain activity and more
— AMBCrypto (@CryptoAmb) June 26, 2019
Crypto News – 26 June
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