Join Our Mailing List
Friday February 03, 2023
Bitcoin (BTC) $23,459.29   Ethereum (ETH) $1,644.47
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
Trezor Model T
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
Home Crypto Exchanges

OAX Project achieves over 1,000 TPS on decentralized exchange build

Published by CryptoNinjas.net
12/13/2018
OAX Project achieves over 1,000 TPS on decentralized exchange build

OAX Foundation and Enuma Technologies this week announced a major breakthrough in the development of their decentralized exchange trading platform. In preliminary tests, the platform has achieved speeds of over 1,000 transactions per second (TPS) per node, marking real progress towards solving the scalability challenge preventing decentralized exchanges from going mainstream.

The team recently completed performance testing of a new engine leveraging state channel technology, using only a single node server. Given that the system can also scale horizontally by adding nodes, the test indicates that it has the potential to handle over 100,000 or more TPS.

The video below shows the performance test in action, with trading between OAX and WETH tokens taking place off-chain. From the screen, you can see how OAX programmers inputted orders which the system then executed at over 1,000 TPS.

The demo confirms the potential of the OAX tech solution to solve the scalability challenge of the decentralized model and opens up a lot of exciting possibilities for the project. It was performed using a single core from an Intel Xeon processor running at 4GHz and with 4GB of memory. The team obviously expects considerably greater performance running on multiple cores and once additional performance optimizations have been factored in.

Currently, many decentralized exchanges handle as few as 5 to 10 transactions per second, while, by comparison, centralized exchanges can handle thousands. Industry commentators have said that until decentralized exchanges can process the volumes of the mainstream exchanges and payments services there’s little chance of mass adoption occurring. It’s been the aim of the OAX Foundation since the beginning to change that and this news puts it on course to achieve that goal.

For the next step, the team is planning to release a testnet version of the platform along with a software development kit so that everybody can experiment with it.

38
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

OAX Foundation: 3 predictions for decentralized finance in 2020

01/30/2020
OAX Foundation: 3 predictions for decentralized finance in 2020

One of the key hurdles in blockchain technology is mass adoption, and with the growth of DeFi, it seems that mass adoption for this use case is finally within the horizons. As interest in DeFi...

Read more

OAX Foundation releases code for its Layer 2 exchange protocol

08/12/2019
Oax Cryptoninjsa

OAX Foundation, a Hong Kong-based entity set up to develop and promote digital asset trading, has today released the code for its Layer 2 Exchange (L2X) protocol, marking the completion of a major milestone...

Read more

OAX and Blockpass collaborate to promote crypto regulatory compliance

04/29/2019
OAX and Blockpass collaborate to promote crypto regulatory compliance

OAX Foundation and Blockpass have announced today an agreement that will see the firms join forces to promote advanced compliance controls in the digital asset industry. The agreement reflects the shared goal of the firms to create...

Read more

Crypto exchange ecosystem OAX partners with KYC-Chain for compliance

03/19/2019
Crypto exchange ecosystem OAX partners with KYC-Chain for compliance

OAX Foundation, developer of DEX software and advocate of governance to promote the core values of being open, transparent and decentralized and  KYC-Chain today announced an agreement to promote strong governance standard in digital...

Read more
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
Trust Wallet launches anticipated browser extension of its crypto management app

Trust Wallet launches anticipated browser extension of its crypto management app

11/14/2022
Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

01/24/2023
ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

02/02/2023
Where Exactly Can You Spend Monero Cryptocurrency?

Where Exactly Can You Spend Monero Cryptocurrency?

10/20/2021
ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

ETH infrastructure platform Blocknative adds TX bundles, cancellation, and replacement support

02/02/2023
Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

Crypto derivatives exchange Deribit to put in place trade surveillance platform from Eventus

01/24/2023
Crypto exchange Gemini launches new electronic OTC trading solution

Crypto exchange Gemini launches new electronic OTC trading solution

01/19/2023
Crypto securitization platform-GenTwo links to all Coinbase assets

Crypto securitization platform GenTwo links to all Coinbase assets

01/14/2023
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy