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  • Operate with agility at BSC?
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Operate with agility at BSC?

We decided to create this article to explain a little better what we intend to achieve, and how we intend to achieve it, which is one of our main goals at IGNI, to enable investors to operate in BSC (and in the future in other blockchains) with speed and security. Viewing information such as candles, pending and confirmed transactions, and processing transactions, at the appropriate speeds supported by the network, removing the current bottleneck present in the main players in the market.

Before going any further, you need to understand the concept of blockchain nodes. Simply put, nodes are servers/services, responsible for receiving, processing, and validating all requests that are made on the blockchain, that is, every buy and sale transaction, or interaction with any blockchain contract, will be processed by all nodes, they are also the source of information that every chart/trading service uses to create candles, display prices and everything else.

The first step in this direction we took was to provide exclusive BSC nodes that only meet the demand of our platform (other platforms use BSC's public nodes), our private nodes allow us to have access not only to confirmed SWAP events with greater speed ( at the time of writing this article about 10 seconds faster), but it also allows us to display pending transactions, which gives you even more advantage when making your asset buy and sell decisions.

In addition to this approach using private nodes, we are planning, with all the care necessary, a buy and sell mechanism, where you keep the funds you want in a private smart contract and carry out pre-approvals for these transactions (to ensure your total security ), and after your signal, our contract would buy or sell your assets, without having to waste time signing transactions at a time of greater volatility, for example. This feature is being developed so that you do not have to provide us with your private key or mnemonic key, using pre-approvals carried out by your wallet, with validity and determined amount, thus ensuring total security.

Currently, our platform uses private nodes to display pending and confirmed information, but we look for historical data on Binance's public node, which can cause some delay in the initial rendering of our platform, one of the next big challenges we have is to configure a node for historical data exclusive to our community use and ensuring it has availability and scalability. We know that we have a big challenge ahead and that more research and development will be needed so that we can ensure that you are investing with speed most of the time, but we can guarantee that we will not rest until we can provide the best for all investors in our ecosystem.

Important Notes and Assumptions:

  • The Pending Transactions display may not show all transactions that will actually be confirmed and they may not be confirmed.

  • In addition to the technical points mentioned here, we will make every effort to ensure that our interfaces/UX allow for faster operation.

  • We will release these private nodes so that they can be used as access points in your wallets, ensuring that transactions carried out in the conventional process are more agile.

  • I will not go into details about the types of nodes and their functions at this moment, as it adds more complexity to the understanding of the information at this time.

We are adding more information to this article, stay tuned.

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