Sidepit solves this differently, instead of racing to update orders faster, we eliminate the race entirely. Our deterministic auction batches orders so market makers compete on price, not reaction time. No adverse selection, no flash crashes like Oct 10th
I respectfully disagree with the message
and with the conclusions of this article.
As an architect and developer of mission
critical real time platforms for telecom
and financial applications, I learned
from direct, first hand experience that
public blockchains are inherently and
fundamentally incapable of delivering
the low latency and high throughput
required for high transaction volumes
subject to strict latency requirements
of telecom and financial applications.
A peak trading day for NYSE listed
stocks sees over 10B transactions.
The number of asks, bids, quotes
and order book updates is more
than an order of magnitude higher.
This means millions of transactions
per second, all requiring very low
if not strictly bounded latencies.
Crypto blockchains are designed
to run relatively slowly. See the
problem?
This article is pure hogwash.
Sidepit solves this differently, instead of racing to update orders faster, we eliminate the race entirely. Our deterministic auction batches orders so market makers compete on price, not reaction time. No adverse selection, no flash crashes like Oct 10th
This is good to know. Thanks for sharing.
Which exchanges, markets or market
makers us Sidepit? Thanks!
Your readers may find this useful: https://theinterneteconomy.xyz/p/demystifying-defi-tokenization-yield