INCX (INCX AG), the Switzerland based international Crypto Exchange, has partnered with India based Pi DATACENTERS, as it launches the world’s fastest Crypto Exchange. Crypto Exchanges today are facing frequent downtimes due to heavy customer traffic spikes, insufficient network backbone to handle large workloads and high vulnerability to attacks. These frequent downtimes with exchanges are causing severe financial loss and lost opportunities to the end customers.
INCX has partnered with Pi DATACENTERS to host its next generation exchange platform on an end-to-end 100G network.
For the first time in India, Pi has built a fully operational 100G cloud platform from network-firewalls down to storage in a high-availability mode, enabled with dynamic scaling. This enabled INCX’s vision, to launch the first crypto currency exchange on a 100G networked cloud. The cloud platform can scale beyond 12 million new sessions per second and over 300 million sessions at any given time. It rides on a multi-level security fabric of 160 Gbps threat prevention throughput, over an Intel Skylake micro architecture server farm with L2/L3 Throughput of 6.4 Tbps.
“Pi and INCX have made India’s progressive leaders in the central and state governments proud by bringing state-of-the-art technology infrastructure capabilities that are only perceived to be available in Silicon Valley to a Tier 2 city in India. This is a classic case of how emerging markets can leap frog developed markets with the help of technology. And with this kind of infrastructure capability, India can foster continued innovation in the blockchain ecosystem,” said Sudheer Kuppam, board member at INCX and Pi DATACENTERS. Kuppam is also the Managing Partner at Epsilon Venture Partners and is former Managing Director at Intel Capital.
Speaking about the partnership, Kalyan Muppaneni, Founder & CEO, Pi DATACENTERS said, “Pi is proud to have built a highly-secure and a super-scalable 100G cloud platform for INCX, a first of its kind in the world for crypto exchanges. This platform will ensure millions of transactions per second for INCX. Gone are the days where customers will have to worry about the exchange crashing and losing the opportunity to invest or transact. Pi brings in the peace of mind.”
“We at INCX are excited to have the very first 100G cloud platform in India built by Pi. This gives us a tremendous edge as a Crypto Exchange. We promised our community an ultra-scalable, lightning fast, trading platform and this is a major step towards accomplishing that,” commented Sanjoy Gaddipati, Founder, CEO & Managing Director, INCX.