NotaryTRADE.IO — How to Avoid an Ethereum-like Crash
Ethereum is currently a darling in the cryptocurrency world. In little less than two years it has shot up in price to nearly USD 300. However, as with many other technologies that suffer a sudden influx of users, Ethereum risks dying of success.
Ethereum suffered a setback on Wednesday when it dropped from over USD 300 to about USD 13 in a few minutes. This came about precisely because there is currently an Ethereum gold-rush, which is leading to a great deal of uncertainty. A degree of volatility is normal for many new cryptocurrencies, but what is really worrying is that a massive sale of Ethereum coins generated instability in the cryptocurrency’s infrastructure and took Ethereum’s network offline for several minutes. The reports coming from exchange system administrators literally talked of “clogged” nodes. Although Ethereum recovered, these kind of things can be frustrating for users and disastrous for traders.
NotaryTRADE.IO has developed new features to avoid problems like these. At NotaryTRADE.IO, the exchange of the new NTC coin, the number of nodes increases along with the growth of the cryptocurrency. In fact, that is how most coins get issued: you have the option of buying into an actual machine, a server that belongs to you (more about these machines below), and that gets hooked into the NotaryTRADE network adding capacity to the whole. The server then manages your transactions and contributes to the rest of the network’s transactions and notarised services — which, by the way, is one way of generating revenue for you.
From a broader perspective, this means that the more coins there are in circulation, the more high-powered servers there are to manage all the transactions. And “high-powered” is not hyperbole: NotaryTRADE.IO only installs Power8 machines, IBM’s high end data center servers. As the number of Power8 machines grows with the number of users, the system will always have sufficient computing power.
The rest of the hardware framework is also standardised. NotaryTRADE.IO servers are housed in certified data centres with disaster recovery contingencies in place and a 24x7 team of engineers on watch to make sure everything works smoothly. This is unique in the field of cryptocurrencies which require literally no standards from the servers that store the ledgers. In NotaryTRADE.IO by contrast, nothing can be hooked into the network that isn’t up to code.
Finally, NotaryTRADE.IO is a P2P exchange. This means there is no central master node and all nodes share all the information about the state of the network.
These are just some advantages and safety features that NotaryTRADE.IO has built into its system to avoid “clogging” nodes and guaranteeing uptime of the service. More information is available in the ICO overview. You can also read the Press Release which contains details on the Pre-ICO for NotaryTRADE Coin.