With new upgrade, traders on Poloniex will be able to place and execute their orders with latency reduced by 80%
Poloniex, one of the oldest cryptocurrency exchanges globally, shares the details of its crucial upgrade. Its engineers advanced its system’s order matching speed and TPS.
Veteran crypto exchange Poloniex implements major upgrade
According to the official statement shared by Tron and BitTorrent ecosystem representatives, cryptocurrency exchange Poloniex inches closer to its most important upgrade in recent years.
1⃣ day till the NEW TRADING SYSTEM launch⏳
⚡️ Newly-added ordering functions
⚡️ Optimized candlestick chart
— Poloniex Exchange (@Poloniex) July 31, 2022
Namely, Poloniex engineers activated a next-gen order matching engine. It allowed the system to increase order matching speed and transactions per second by at least 30x and 10x, respectively.
Besides that, the latency period was reduced by 5x; the team will reduce this metric again and again. Also, Poloniex has a brand-new API system for faster and more feature-rich integrations.
H.E. Justin Sun, founder of Tron (TRX) and CEO of BitTorrent (BTT), a key figurehead of the ecosystem behind Poloniex exchange, is excited about the opportunities unlocked by this upgrade:
The launch of this new trading system is a landmark step forward for Poloniex as a world-class international exchange. It demonstrates our commitment to delivering benefits and the best services for our users. As one of the world’s oldest crypto exchanges, Poloniex has made impressive strides in optimizing its system and will continue to bring an incredible trading experience to retail and professional traders.
This upgrade will be useful for professional traders, retail marketmakers and institutions, as estimated by Poloniex’s team.
Novel features for experienced traders
With clustered deployment, sharded databases and auto-scaling, Poloniex becomes more attack-resistant and fault-tolerant than ever before.
To guarantee a modern trading experience for all customers, Poloniex engineers also activated a set of sophisticated features. Now, the instruments of the market order, the stop-market order and an enhanced candlestick are available for all accounts.
Last but not least, the designers and engineers upgraded the interfaces of both the mobile and desktop version of the Poloniex application.