Last months we seen many exchanges struggle with the number of people joining them. We seen the last months that often their infrastructure can't handle all those users. BitMEX took the necessary steps to increase their capacity. BitMEX can handle now 2x-4x the previous capacity. There have also improvements taken place to reduce the latency.
It is refreshing to see an exchange really do effort to increase their capacity. Many companies such as Bittrex, Poloniex, Coinbase and Kraken had to deal with a lot of new users, and weren't able to handle them on their infrastructure. Which lead to service outages. That is never a positive development taken the fact people rely upon those exchanges. The most exchanges don't blame their infrastructure before the damage is done.
BitMEX is trying to stay ahead of all the problems other exchanges are struggling with. During the last week's maintenance they decided to make some major changes. The data processing systems got over 400% extra capacity compared to before. There have also had changes taken place to improve the latency.
At this moment the only problem for BitMEX is the lack of liquidity. BitMEX is a big exchange, but it doesn't got the liquidity that some of the major exchanges got. It will be interesting to see if BitMEX can handle with success the new people entering their platform. We can only hope other exchanges will follow their steps and increase their server capacity to prevent more outages.
Currencies currently trading on BitMEX
USDT, BTC, ETH, LTC, XRP, ETC, DASH, ZEC & a few others.
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Hi we met on Twitter after I have follow you. You gave me your steemit user to follow you, so i did plus upvoted you. I do have a question though. What is the white paper for?
Which whitepaper you're referring to?
Steemit white paper.