Bitcoin Exchange Development Using Microservice Architecture- A Detailed Guide

Today, microservice architecture is gaining a lot of momentum in the Bitcoin exchange development arena due to its benefits, such as secure and robust functioning. The adoption of microservice architecture has proved to be very effective for any cryptocurrency exchange software development company to keep up with the trends and ensure faster development.

Let’s take a closer look at how microservices are evolving.

What is the Microservice Architecture?

The microservice architecture is a development technique that holds enormous potential for changing the enterprise application ground rules. Microservices-based applications enable distribution of work across multiple groups in a manner that each group can work on individual application sections without imposing additional workload on the others.

Here are the five elements that your microservice will need:

• Properly Scoped Functionality

The biggest design issue in a monolithic architecture is that there is so much code. To make any change, the developers need to coordinate with different groups to ensure that everyone’s code is working properly. As a result, developers often spend much time on integration and testing than deployment.

Microservices architecture overcomes this issue and provides a small code that could be re-implemented by the team in relatively less time.

• Presenting an API

Presenting an API to calling service in some way represents the old challenge of integration. For an overall application to run properly, each of the individual series must be able to reliably send and receive data and test that APIs operate properly. It is necessary to ensure that everything hangs together and this is where the microservice architecture comes into play.

• Traffic Management

Once the API is up and one service can call another, everything is OK, right? Well, no.

In real-world operations applications, a service may run slowly and can be overwhelmed with calls and lack the processing power needed to respond quickly enough. Well, utilizing a microservice architecture can fix this through auto-scaling- a process in which a management system tracks service loads and adds or removes service instances as needed.

• Data Offloading

The microservice architecture makes sure that users can continue to perform useful work even if their current instance session failed. You can migrate user-specific data off of service instances and into shared, redundant storage that is accessible from all service instances. Through this, you can ensure that no instance crash stops user interactions.

• Monitoring

A microservices-based application is used to reduce the complexity of application topology. It performs certain tasks such as monitoring data in a central location, ongoing resource change, and display information that reflects the frequently changing nature of microservices applications.

According to a recent survey, the global cloud microservices market is predicted to reach $8.1 billion by the year 2023 and the benefits of microservices cannot be overlooked. This is the reason most of the bitcoin exchange software development companies are planning to integrate microservice architecture into their ecosystem.

Benefits associated with microservices architecture for Bitcoin exchange software development:

• Better productivity

The microservice architecture segments large applications into smaller groups. It helps in building your Bitcoin exchange trading platform in no time as each team works in isolation with better productivity.

• Fast Delivery

The microservice architecture creates an independent atmosphere with each microservice operating according to its needs. The self-supporting architecture of Bitcoin exchange software makes the application of code easy as you don’t have to wait for the entire application. You can develop your crypto exchange script and deploy it within no time, resulting in fast delivery.

• Extreme Privacy

The microservice architecture tends to isolate the errors, which means you do not have to shut down the entire crypto exchange development process and can work on error area in resilience. It enhances the uptime of your product and even makes it easier to identify the actual cause of the issue.

• Flexibility

As each microservice application is independent of one another, it makes it easier and flexible for developers to use any technology and language they want to integrate into their part of the application.

• Scalability

The independent functionality of microservices can be easily used in other applications, thus improving scalability. The development team can efficiently work in isolation without affecting the overall schedule of the developers.

• Security

As teams usually focus on smaller and well-defined functionality, it creates a high-quality piece of nodes. Additionally, in case of any security issue, if one part of the architecture is affected, the overall system will not be troubled.

To Sum Up

Businesses are relying on microservice architecture for Bitcoin exchange software development to accelerate the development and deployment processes.

We at Antier Solutions, provide highly-secure, powerful, and feature-rich white label bitcoin exchange software built on the microservice architecture.

Schedule a demo of our white label exchange or talk to our subject matter experts to share your business requirements.