Cryptocurrency alternate Poloniex has launched a brand new buying and selling system to offer customers with higher stability, velocity, and value.
The brand new buying and selling system relies on a “next-generation” matching engine which elevated the alternate’s order matching velocity by 30x, the alternate mentioned in an Aug. 1. press launch.
It additionally enhanced transactions per second by 10x whereas decreasing latency by over 5 instances, Poloniex claimed, including that it has plans for additional enchancment after launch.
Based in 2014, Poloniex affords spot and futures buying and selling in practically 100 nations and areas.
Poloniex has additionally redesigned its software programming interface (API) to make it user-friendly and supply higher velocity and extra options, the press launch acknowledged.
In response to the press launch, the brand new buying and selling system has the next fault tolerance, which ensures the continued performance of different modules when one of many modules fails.
Poloniex additionally claims that the brand new system enhances scalability with no required downtime for upgrades. This means a major enchancment of its capability to deal with visitors upticks with none compromise on stability and person expertise, the corporate mentioned.
TRON founder Justin Solar, who invested in Poloniex in 2019, mentioned within the press launch:
“As one of many world’s oldest crypto exchanges, Poloniex has made spectacular strides in optimizing its system and can proceed to deliver an unbelievable buying and selling expertise to retail {and professional} merchants.”
The brand new buying and selling system has additionally added new options, together with market order, stop-market order, and a candlestick chart. The corporate mentioned that the alternate plans so as to add extra functionalities resembling margin buying and selling, lending, staking, incomes options, and buying and selling bots sooner or later.