REI Network Decreases the Latency of DeFi
Decentralized finance (DeFi) is an open global financial system designed specifically for the Internet age, aiming to replace opaque, tightly controlled systems maintained with decades-old infrastructure and processes. It empowers users to control and supervise their own funds, access global markets, and explore alternative options beyond local currencies or traditional banks. DeFi products extend financial services to anyone with internet connectivity, and to date, cryptocurrencies worth billions circulate through decentralized financial applications, with this figure continuing to grow daily.
DeFi is rapidly evolving, offering channels for lending, borrowing, long and short positions, interest earning, and more. It provides a solution for regions suffering from severe inflation, offers businesses the ability to distribute employee salaries via DeFi services, and reduces the difficulty and barriers for individuals seeking loans.
However, a challenge that has been constraining the development of DeFi is on-chain latency, which refers to the delay between a user’s action and the network’s response to that action. In the financial market, latency corresponds to the time required to submit trade orders and confirm order executions. In a world where milliseconds can mean the difference between profit and loss, latency has become a critical factor in trading operations. Existing underlying public blockchains in DeFi development face congestion due to high-frequency trading, leading to incomplete transactions.
Therefore, many underlying public blockchains are willing to invest significant resources in consensus mechanisms, advanced algorithms, and transaction methods to reduce network congestion and processing latency, and REI Network is no exception. In fact, it’s at the forefront!
REI Network is also committed to reducing latency in the financial market to enhance trading efficiency and user experience. By adopting advanced technology and optimized network architecture, REI Network aims to minimize the time required for trade order submission and execution, continuously improving network connectivity and processing capacity, ensuring real-time and efficient trading operations, and providing traders with a faster and more reliable trading environment.
To achieve the goal of low latency, REI Network has taken various measures.
Firstly, we optimize the network infrastructure, innovatively utilizing BLS signatures at the consensus level of blocks, which helps reduce the size of block headers, decrease validator storage space, enhance validator efficiency, and support a maximum of 20,000 orders per second. This makes REI the preferred platform for the world’s largest applications, ushering in a new era for decentralized financial platform development.
Secondly, we adopt advanced algorithms and order routing strategies to execute trades in the fastest manner possible. One notable feature is the use of a native matching engine combined with market-oriented parallel processing, enabling efficient handling of a large number of transactions, a significant advantage for decentralized financial applications.
Lastly, REI Network significantly lowers transaction fees. The design of staking for on-chain computational resources makes its fees lower compared to many other new public chains, enhancing the stability and fairness of the trading market. Only in a fair and transparent trading environment can decentralized finance achieve healthy and stable development.
By reducing latency in the decentralized financial market, REI Network offers traders a better trading experience and higher trading efficiency. We will continue to strive for continuous improvement in technology and services, making a positive contribution to the development of decentralized finance and the crypto market.
