- NetCents Technology (NC) provided an update on technology advancements of its cryptocurrency merchant gateway
- The company has made advancements in its key infrastructure as well as technology and in doing so, has optimized its capacity by more than 25 per cent, moving its infrastructure to a demand-based model
- Scalability and automation have been key focus areas around all technology advancements within the system
- NetCents Technology (NC) is currently trading at $0.69 per share
NetCents Technology (NC) provided an update on technology advancements of its cryptocurrency merchant gateway.
The company has made advancements in its key infrastructure as well as technology and in doing so, has optimized its capacity by more than 25 per cent, moving its infrastructure to a demand-based model.
Scalability and automation have been key focus areas around all technology advancements within the system. The company began dockerization and implemented a container strategy so the platform could become cloud agnostic and automatically adjust the company’s infrastructure according to current demand.
Thanks to the enhanced capacity and addition of microservices, the company gained the capability to add more than 1,000 cryptocurrencies to its platform with minimal costs and development resources.
The company has also optimized its wallet workflow to minimize transaction costs and maximize the efficiency of the internal transfer and settlement of cryptocurrency using a hybrid architecture of solutions, including multi-party computation technology.
Software and hardware have been upgraded to protect the platform from various online cyber security threats ranging from phishing attempts and ransomware attacks to distributed denial of service (DDoS) exploits and Internet of Things (IoT) botnets.
In addition to this, its infrastructure has also been shored up from physical dangers, including natural disasters such as fires and floods, civil unrest, utility outages, and theft or vandalism of hardware assets.
The platform is also being future-proofed, featuring the ability to add and remove coins on demand, the upgrades to the system open new possibilities for integrating DeFi protocols into the NetCents ecosystem. DeFi, decentralized finance, uses emerging technology to remove third parties and centralized institutions from financial transactions.
NetCents Technology is engaged in software development for the payment processing industry.
NetCents Technology (NC) is unchanged, currently trading at $0.69 per share.
