BitMEX registers $11 billion worth of orders per week; yields 10x performance improvement

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- platform, released a sharing its insights into the company’s scaling initiatives and the complications around handling the recent spike in volumes.

The shared by BitMEX on Twitter read,

“BitMEX Technology Scaling. Take a read how our engineering team is working to handle the immense volumes going through BitMEX and the challenges that we face ahead as we continue to scale.”

The company revealed that the “BitMEX 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.

Source: BitMEX

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 engine, reworking internal data-structures, algorithms and 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 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 platform, as well as tactical in-place capacity improvements to the engine.

The post BitMEX registers $11 billion worth of orders per week; yields 10x performance improvement appeared first on AMBCrypto.

Post written by our friend Arijit Sarkar and Syndicated from ambcrypto
Ledger Nano S - The secure hardware wallet

Syndicated from ambcrypto

Add a Comment

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.