in News, 2019 /

Altibase is Adopted by CoreDAX, a Cryptocurrency Exchange, for Management of Key IT Functions of Matching, Data Distribution and Ledgers

NEWS PROVIDED BY

Altibase Corp. 

Jan 07, 2019, 08:38 ET

CoreDAX currently trades 17 cryptocurrencies including Bitcoin and Etherium.

Altibase on Cryptocurrency Exchange

CoreDAX wanted to gain its competitive advantages over existing cryptocurrency exchanges by providing high performance and reliable services. Its legacy disk-resident databases, however, were far from satisfying the requirements.

• Its system should not tolerate any downtime. Thus, the new database should provide an extremely high level of product maturity and stability.

• The new database should provide robust disaster recovery and high availability features.

• The new database should be able to process millions of transactions per second and response times measured in microseconds.

• It should also be able to process transactions for over 300,000 concurrent logons.

For CoreDAX, Altibase was a textbook database. Altibase’s in-memory capabilities met CoreDAX’s requirements for high performance, product reliability competitive pricing. In addition, Altibase’s quality reference customer list was a critical factor for the choice – over 600 global enterprise clients including 8 Fortune Global 500 companies.

Net results were:

• CoreDAX currently processes over 2 million transactions per second in matching engine and over 100,000 orders per second with latency in under 100 microseconds.

• It can handle over 300,000 concurrent logons.

• By applying Altibase’s encryption algorithm to protect data, CoreDAX secures a high level of security required of financial institutions.

• CoreDAX is enabled to provide its “Cool Wallet” which allows coin transmission only when time control technology and authentication value are confirmed.

• CoreDAX has lowered its TCO as Altibase reduces hardware costs as it in-memory capabilities allow for better performance on equivalent servers and hardware than disk-resident databases.

For more information and download, please visit: http://altibase.com

Company Name: Altibase Corp.

Address: 40 Wall Street, 28th Floor

City: New York