Bitfinex Implements Platform Scaling Engine

The administration of Bitfinex crypto-exchange recently reported the introduction of a new Hive engine on the platform, which the main task is to increase its scaling. The development team has been working on deploying a system update, which will help to increase the performance of the site, positively affecting the stability and speed of its operation. At the moment, the new engine is already working, processing the issuance and operation of orders on the exchange, as well as other financial instruments. The process of the analysis of orders, as well as their distribution among users is carried out according to the updated rules and algorithms.

The exchange administration notes that as a result of increasing the efficiency of the trading platform, improving the system of transactions and the distribution of orders, commission fees will be reduced to a minimum level. Also, users should expect positive changes in the trading process itself. In particular, the spread is expected to decrease and the depth of viewing the list of orders presented at the exchange is increased. The developers of the engine declare that the update will allow to increase the number of processed orders by 100 times while reducing the time for their execution to 14 ms.


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