Cryptocurrency and digital exchange platform, Mandala has announced its strategic partnership with a trading engine development firm, Modulus, with the aim of developing a trading engine that empowers and protects beginner investors from the volatility of cryptocurrency trading.
Speaking about the partnership, Mandala CEO, Nate Flanders said their goal in partnering with Modulus is to bring the very best to to the blockchain industry, offering real choice to a market where the bare minimum is seen as the status quo.
Modulus is designed for intense server applications and activities, across all industries, and the company is certain that collaborating with Modulus will bring Mandala to the next level and offer a fully unparalleled experience to its users.
Modulus Produces Record Setting Engines
Modulus produces record setting engines, designed in Go Language (Golang), which can process 10+ million transactions per second. The exchange solution features a built-in trade surveillance that is based on machine learning, using pre and post-trade data to monitor and prevent market manipulation and money laundering. This framework will give Mandala's users accuracy, security and a seamless front end experience, as well as turning the platform into one of the fastest trading engine platforms deployed on the market today.
This next generation trading system will be fully built in the programming language, Golang, developed by Google. Golang is used for only the most intense server applications, causing language simplicity, faster computing times and an overall more efficient system for its users. The adoption of Modulus into Mandala's system will not only enhance its user's experience, but will help the team to better leverage unique offering tools on their backend, such as, anti-manipulation resources and enhanced security tools.
Modulus further accelerates development timelines for a variety of clients, from NASA to NASDAQ, and Microsoft to Goldman Sachs.
“What we've created is actually rather incredible because it allows exchanges using our solution to process transactions with less than 40-nanosecond latency. That's 40 billionths of a second — and 100 times faster than NASDAQ's 40-microsecond latency,” said The CEO of Modulus in a recent press release.
“One of the major problems facing cryptocurrencies is the perception that they are used for illicit activities. Our new offering eliminates the possibility of money laundering and market manipulation using machine learning and other technologies,” according to Modulus.