Hyper-Converged Infrastructure,Application Infrastructure,IT Systems Management

Decentralized Data Solutions Startup Oort Launches Edge Network to Scale Web3 Infrastructure

Oort
Oort (formerly Computecoin) is kicking off its in-house edge network, Oort Decentralized Edge Network (DEN), which aims to radically augment the scalability of Web3 infrastructure and pave the way for massive Web3 dApp deployment. Oort DEN will allow developers to easily scale applications on Web3 infrastructure without compromising reliability, latency, and durability.

Oort is building its edge network to address the most pressing pain points facing Web3 infrastructure today. "One of the biggest challenges faced by decentralized storage service providers is scalability in terms of the number of users and tasks. "The scalability problem gives rise to other issues, like latency, reliability, and the lack of essential features like google-type file searching. When decentralized storage service providers struggle to meet the industry's scalability needs, it's hard for them to compete with traditional, centralized services. Our job at Oort is to solve these problems by drastically improving Web3 infrastructure's scalability."

Dr. Max Li, Founder and CEO of Oort

Decentralized networks' nature of limited scalability dictates that most dApps built on those networks cannot provide Web2-comparable user experiences. As a result, dApps today still rely on centralized infrastructures like AWS. Oort DEN strives to help Web3 developers improve their dApps' performance by providing a collection of key functionalities such as SQL database, dynamic resource allocation (storage, compute, and bandwidth), fast file indexing and searching, and content distribution, all decentralized for internet-level scalability.

"With our targeted positioning and product-oriented strategy," Dr. Li continued, "Oort aims to onboard billions of Web2 users to Web3 applications and services. We at Oort envision a future where Web3 is widely adopted and used by everyone. That's why we're committed to pushing the limits of what's possible; we want to make this vision a reality."

Oort DEN will comprise a large number of Oort's edge node devices (called "Deimos") deployed worldwide. Deimos devices will perform all DEN functionalities at the edge, enabling massive adoption of Web3 applications. Oort is now seeking ecosystem partners to manufacture and distribute Deimos. All ecosystem partners will be carefully reviewed and selected by the Oort Foundation to guarantee the stability and security of the network.

About Oort
Oort (formerly Computecoin) is a data infrastructure for the next billion Web3 users. Featuring a user-centric design, Oort offers full-service decentralized data solutions that developers and users can quickly master without knowing a thing about Web3.

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dxFeed Launches Market Data IaaS Project for Tradu, Assumes Infrastructure and Data Provision Responsibilities

PR Newswire | January 25, 2024

dxFeed, a global leader in data solutions and index management for the financial industry, announces the launch of an Infrastructure as a Service (IaaS) project for Tradu, an advanced multi-asset trading platform catering to active traders and investors. In this venture, dxFeed manages the crucial aspects of infrastructure and data provision for Tradu. As an award-winning IaaS provider (the Best Infrastructure Provider by the Sell-Side Technology Awards 2023), dxFeed is poised to address all technical challenges related to market data delivery to hundreds of thousands of end users, allowing Tradu to focus on its core business objectives. Users worldwide can seamlessly connect to Tradu's platform, receiving authorization tokens for access to high-quality market data from the EU, US, Hong Kong, and Australian Exchanges. This approach eliminates the complexities and bottlenecks associated with building, maintaining, and scaling the infrastructure required for such extensive global data access. dxFeed's scalable low latency infrastructure ensures the delivery of consolidated and top-notch market data from diverse sources to the clients located in Asia, Americas and Europe. With the ability to rapidly reconfigure and accommodate the growing performance demands, dxFeed is equipped to serve hundreds of thousands of concurrent clients, with the potential to scale the solution even further in order to meet the constantly growing demand, at the same time providing a seamless and reliable experience. One of the highlights of this collaboration is the introduction of brand-new data feed services exclusively for Tradu's Stocks platform. This proprietary solution enhances Tradu's offerings and demonstrates dxFeed's commitment to delivering tailored and innovative solutions. Tradu also benefits from dxFeed's Stocks Radar—a comprehensive technical and fundamental market analysis solution. This Software as a Service (SaaS) seamlessly integrates with infrastructure, offering added value to traders and investors by simplifying complex analytical tasks. Moreover, Tradu leverages the advantages of dxFeed's composite feed (the winner at The Technical Analyst Awards). This accolade reinforces dxFeed's commitment to delivering excellence in data provision, further solidifying Tradu's position as a global leader in online foreign exchange. "When we were thinking of our new sophisticated multi-asset trading platform for the active trader and investors we met with the necessity of expanding instrument and user numbers. We realized we needed a highly competent, professional team to deploy the infrastructure, taking into account the peculiarities of our processes and services," said Brendan Callan, CEO of Tradu. "On the one hand, it allows our clients to receive quality consolidating data from multiple sources. On the other hand, as a leading global provider of online foreign exchange, we can dispose of dxFeed's geo-scalable infrastructure and perform rapid reconfiguration to meet growing performance demands to provide data to hundreds of thousands of our clients around the globe." "The range of businesses finding the Market Data IaaS (Infrastructure as a Service) model appealing continues to expand. This approach is gaining traction among various enterprises, from agile startups seeking rapid development to established, prominent brands acknowledging the strategic benefits of delegating market data infrastructure to specialized firms," said Oleg Solodukhin, CEO of dxFeed. By taking on the responsibilities of infrastructure and data provision, dxFeed empowers Tradu to focus on innovation and client satisfaction, setting the stage for a transformative journey in the dynamic world of financial trading. About dxFeed dxFeed is a leading market data and services provider and calculation agent for the capital markets industry. According to the WatersTechnology 2022 IMD & IRD awards honors, it's the "Most Innovative Market Data Project." dxFeed focuses primarily on delivering financial information and services to buy- and sell-side institutions in global markets, both traditional and crypto. That includes brokerages, prop traders, exchanges, individuals (traders, quants, and portfolio managers), and academia (educational institutions and researchers). Follow us on Twitter, Facebook, and LinkedIn. Contact dxFeed: pr@dxfeed.com About Tradu Tradu is headquartered in London with offices around the world. The global Tradu team speaks more than two dozen languages and prides itself on its responsive and helpful client support. Stratos also operates FXCM, an FX and CFD platform founded in 1999. Stratos will continue to offer FXCM services alongside Tradu's multi-asset platform.

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