Check Out SmartDec’s Latest Development Report Highlights


If you’re following the progress of SmartDec’s development team in Moscow, you’ll know that they’ve had their work cut out to get here! With a few challenges along the way, SmartDec has overcome development obstacles with dexterity, grace, and humor. Perhaps even more exciting than having a launch date for the testnet, this week Adam received a live demo for the very first time. Read the highlights below.

The Hard Work Continues by SmartDec

As always, if you’re interested in the technical nitty-gritty of what the team has been doing, you can read their report here. Let’s just say, the hard work never stops! There are three key elements that they have to focus on developing and uniting in order to deliver a robust and fully functioning exchange. These are the user interface (UI), the back office, and the engine.

Digitex development flow

Creating a Seamless User Interface

When it comes to the user interface, the developers must make sure that they cover every possible user story. This means all types of scenarios that could happen to traders while using the exchange. As you can probably imagine, there are plenty of things that can go wrong when you have hundreds of thousands of traders active on an exchange at once! 

SmartDec has to put themselves in the shoes of the user and do their best to cover every eventuality. There are so many elements involved in the UI, however, over the last two weeks, they have been working mainly on the trading interface, including the trading ladder, and order panel. 

They’re also working to ensure that all necessary market data displays correctly in the trading interface and that the candle history saves so that the user can see the price changes chart--an essential element in trading. 

Other key pages are starting to really take shape now as well including the trader’s login area and personal page where the trader can check their balance and orders.

Building Out the Back Office

These past weeks, the team’s core focus has been on UI, but they’ve also been working on the back office. Actually, the back office also needs a seamless user interface so that the UX (user experience) is pleasurable. It’s really important, for example, that if a trader needs support, they can reach us quickly and in as few steps as possible. 

The exchange must also be secure and, as such, both password recovery and 2FA pages are completed. SmartDec is also continuing the work from the previous weeks of integrating ZenDesk support with the Digitex Futures exchange back office. 

Users can already contact the exchange for support via email and now, SmartDec is adding additional options for creating a ticket and seeking help.

Making the Engine Robust

The name of the game over the last two weeks has really been stress testing. That basically means putting everything they’ve developed so far through its paces and under as much pressure as possible. Developers often do this with bots to simulate users as it’s an excellent way of discovering bugs and flushing out issues.

For example, the team found an error in the engine’s model and was able to fix it quickly and also ensure that the orderbook continues to work correctly. They have removed all errors uncovered by the bots and have had 100 bots running alongside the market makers for several days now without incidents. 

All the above-mentioned work is continuing and the team is monitoring the engine constantly through special software they developed. 

Delivering the First Live Demo

This Tuesday, Adam had an important meeting with the entire development team. It was probably the biggest and most conducive one yet, as he was delivered the first live demo of the exchange to test! The team went through the entire architecture with every single developer presenting their work and explaining the part they played.

One of the key highlights from this five-hour-long meeting is that the Digitex engine is currently capable of processing over 100,000 transactions per second! It’s still a simulated environment, of course, but with another 10 weeks to go until the public testnet launches, the whole team feels extremely confident that development is firmly on track. 

With everything coming together, at last, both Adam and the developers enthused that they felt a strong sense of synergy and inspiration over what they’re building. 

The team told Adam that they felt very excited to be a critical part of a project with the potential to substantially impact the trading market. We close this week feeling extremely positive and confident that we’re inching closer to realizing our vision at last. Thank you for sticking by us.