OAX New Decentralized Exchange Project Hits 1,000 TPS

OAX Foundation teamed up with Enuma Technologies to launch the fastest decentralized trading system. During the test phase, the platform clocked a speed of 1,000 transactions/per second (TPS) on a single node. This is a massive stride towards giving decentralized exchanges the scalability it needs to go mainstream.

The recent performance test used a single node to gauge the engine and the state of the channel’s technology. With 100% possibility of horizontally adding nodes, the potential of the system will blow up any expectations. On an initial capacity approximation, the team announced that the system has the potential to process at least 100,000 TPS.

In a video showing the results of the off-chain test pitting trading of tokens between OAX and WETH, engineers can be seen entering commanding orders after which the system executes more than 1,000 TPS. In the demo, OAX’s capability to scale up the ability of decentralized trading exchanges is not under any doubts. In fact, this is the gateway to a plethora of possibilities for now and in the future.

To reach this milestone, the engineers used 4GHz Intel Ceon single-core processor with a memory of 4GB. With multiple cores and optimization, the team expects the speed and efficiency of the system to be skyrocketing. They say that there is no limit to the potential of the new project.

Decentralized trading exchange platforms have been lagging behind in terms of speed and performance for a long time. Currently, such platforms can only take up 5 to 10 TPS. On the other hand, centralized systems dwarf this performance by thousands of times more. The industry’s opinion leaders have been categorical on their expectations of decentralized system if it is to pick up the baton from centralized trading platforms. Until the new system can boost its performances and reach thousands of TPS, there are slim chances for mass adoption.

OAX Foundation, for the longest time, has been focused on making decentralized trading system the way to go and the new project marks one step in the right direction. To test the viability of the project on large scale use, a testnet version will be available to anyone soon. It comes with full kit development software.

While critics term this as far from a worthwhile consideration for mainstream adoption of decentralized trading system, it is one huge leap. With OAX Foundation promising to work around the clock to better the system’s speed and calibrating it for mass use, it may not be long for the realization of this dream.

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