4.5 Platform Scalability

The 1xBinary platform was originally designed in such a way that the increase in the number of trading pairs, users, brokers and transactions, the speed and quality of the platform is not affected. This applies to both the hardware and network infrastructure, as well as the architecture of software components.

At the moment, considering the average load of the Ethereum network at the level of 50%-60% and the average gas volume necessary for the platform operation, the maximum amount of transactions per day without increasing the Ethereum network capacity is about 100,000.

We have several possible solutions for the platform’s scalability:

▸ Upgrade of the Ethereum network that will allow the capacity increase;

▸ Transition to an alternative block system if it also offers smart contracts or similar solutions that will allow the business logic of the platform to be implemented at a higher rate and/or at a lower cost;

▸ Transition to our own specialized blockchain that will be able to provide the platform with a level of transparency and reliability not lower than the current one and at the same time it will be sharpened directly to the needs of the platform.

The fulfillment of the first two conditions does not depend on us in any way. Our team monitors the situation in terms of significant changes.

As for the latest point, work is being done in this direction. At the moment, we are at the initial stage. The results should appear in the second half of 2023. All issues should be resolved within a year.