Chronicle Accelerate Crypto Investor conference
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Chronicle Accelerate provides a framework for building blockchain systems in Java that enables low latency and high throughput trading systems. Major banks use the framework. The document discusses the framework's performance, achieving 480,000 transactions per second in a burst and 52,000 sustained on a single server, and millions per second in a burst and 400,000 sustained across multiple servers. It also outlines the company's roadmap, which involves increasing throughput and launching an ICO in 2018.
Chronicle Accelerate Crypto Investor conference
- 1. Framework for building blockchain systems in Java Peter Lawrey – CEO 10 Mar 2018 Chronicle Accelerate
- 2. Peter Lawrey Java Developer / Consultant for investment banks and hedge funds. 25 years in IT. CEO for 5 years
- 3. Major Banks use Chronicle’s framework to build low latency, high throughput trading systems in Java. We believe we can make a difference by bringing HFT to blockchain
- 4. 5 years old, self funded Core software is open source Projects have over 1000 stars
- 5. Your critical path as a series of low latency, non blocking tasks. This keeps your latencies end to end consistently low.
- 7. How much throughput do we need? VisaNet handles an average of 150 million* transactions every day and is capable of handling more than 24,000 transactions per second. * 1,740/s
- 8. How much throughput do we get today?
- 9. How much throughput do we get today? 7 transactions per second
- 10. How much throughput do we get today? 7 transactions per second 2.7 transactions per second
- 11. How does our block chain perform? Single Server Nodes i7-7820X, 8 core, 32 GB Burst 480,000 trans/sec Sustained 52,000 trans/sec
- 12. How does our block chain perform? Multi-server nodes i7-7820X, 8 core, 32 GB Burst millions trans/sec Sustained 400,000 trans/sec
- 13. Multichain Localize transaction using ISO-3166 Over 4000 regions / sub-chains.
- 14. Multichain Grow to 10 to 100 nodes. More nodes means more sub-chains. Aggregate volume to over 100 million per second.
- 15. Key operations Transfer of value, any asset class Exchange of value, any asset class Time locked value, at a discount
- 16. FIX protocol for traditional market integration
- 17. AI managed exchanges to reduce volatility
- 18. Roadmap Q1 2018 – Working prototype Q2 2018 – increase throughput to 500K/s/sub-chain Test System running. Pre-ICO investment Q3 2018 – ICO Q4 2018 - production
- 19. Q & A Blog: http://vanilla-java.github.io/ http://chronicle-accelerate.com [email protected] https://github.com/OpenHFT/Chronicle-Accelerate