Komodo, an open supply know-how workshop and blockchain options supplier, has efficiently put AtomicDEX by means of its most stringent stress test thus far to show its capability to resolve the problems of scalability in decentralized peer-to-peer non-custodial transactions amongst cryptocurrency exchanges.
“By way of AtomicDEX, crypto traders are in a position to commerce belongings immediately, peer-to-peer, with out the involvement of a third-party middleman. Earlier testing confirmed scalability to be a difficulty, which it’s all through the crypto trade panorama. This spherical of stress testing has confirmed our answer to this situation is a profitable one. We at the moment are looking forward to the Steady Beta launch which is able to reveal our capability to beat this situation on a mass scale.” mentioned Komodo CTO, Kadan Stadelmann.
Well-liked exchanges usually battle to maintain up with spikes in demand making for poor person expertise and cryptocurrency merchants who’re unable to take part throughout essential market intervals.
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Throughout the latest and final testing for AtomicDEX, Komodo DeFi Engine (the underlying engine that powers AtomicDEX) accomplished 170Okay swaps, an quantity up 10,000% because the prior testing part – proving the flexibility of AtomicDEX to scale quickly.
Utilizing solely two impartial blockchains, this stress check confirmed AtomicDEX may deal with 10,000 swaps per minute, over 1,000 folks participated on this, the ultimate stage of testing for AtomicDEX.
As well as, AtomicDEX helps trustless buying and selling for dozens of blockchain networks, not simply Ethereum and ERC-20 tokens. Bitcoin, Litecoin, Dogecoin, and different belongings are tradeable cross-chain.
As a result of AtomicDEX doesn’t run on sensible contracts, token creators can’t execute rug pulls – which have caused traders to lose millions of dollars value of crypto on ECR20 DEXs – the structure of AtomicDEX fully prevents a rug pull state of affairs.
AtomicDEX allows customers to commerce by way of atomic swaps – which means merchants can trade crypto immediately, peer-to-peer, throughout any variety of blockchains with out the necessity for a 3rd get together or middleman.
This permissionless and decentralized system captures the essence of blockchain know-how – democratic and clear recordkeeping the place the customers themselves retain custody.
With testing now full, AtomicDEX steady beta launched in the present day Friday, February 26th at 18:00 UTC to allow cryptocurrency traders to entry environment friendly and dependable buying and selling, whereas by no means shedding custody over their digital belongings.