After several months of development we would like to announce the launch date of COINGI.

At the moment, we finished the process of development and we started testing the beta version of COINGI system. Which means that all parts of the system are programmed, API is ready, user interface is complete, data synchronization and data migration are set and servers of individual subsystems are connected. All operational processes are defined, so it is time to start testing in full operation.

The benefits of the testing operation

Speed and stability

We will work on every detail of the stability of trading before we launch the full operation. During the beta version testing, we will focus mainly on the ability to process a big amount of users‘ commands. The stability of the system will be guaranteed even during 100 000 transaction per second and even during the shutdown of some servers.

Security

We focus on a detailed examination of all potential threads that could compromise the security of the system. We want to guarantee 100% security of the service in full operation. That is why we devote enormous efforts to security testing and why the realization of these tests takes the majority of testing time. We employ security experts and we also hired an independent external audit to implement and verificate the results of the tests.

The majority of virtual currencies are saved in offline mode, which prevents online thefts. Online wallets use ony certain amount of money, that is sufficent for the operation of the platform at the moment. In case of large transactions, the funds are saved of withdrawn from offline wallets through controlled process, that guarantees full protection. The whole platform is protected by the system of internal control of account balances and currency movements.

Online wallets are fully protected! They work completely separately and they try to operate “intelligently“. It means that they connect to the platform by themselves, they determine the requests for payment and they control if the requests correspond to reality. They check the collected data about transactions by using checksums and procedures, so the number of bitcoins at the website corresponds to the number of bitcoins recorded in the database.