An Inside Look at the Dublin Development Team
An interview with the Managing Director of Development. The face behind the team of experts working to complete the first commission-free Futures Exchange.
2018 has been a year like no other for the Digitex team. From our mind-blowing ICO that sold out in just 17 minutes (thanks to you guys!) to the onboarding of the newest members of our team, it’s been non-stop. And the best news of all? We’re on target for our Q4 completion, so get ready for commission-free futures trading!
Last month, I got the chance to head over to Dublin (mainly for the Guinness) but also to meet with the Digitex development team. I wanted to put a face behind the names of the experts working away behind the scenes to complete the first futures exchange of its kind. If you’d like to know what they’re up to, here are a few things I can reveal:
Building a Robust Futures Exchange is Challenging
With a busy team in the background, some tapping away at keyboards, others comparing giant screens in intricate detail, Managing Director Darragh sat down at the large round table to talk to me. I was curious to know how you go about such a feat, what his background was, and what some of the challenges involved were. He said:
“Probably the order matching engine is the biggest and most complex part of the system from a functioning point of view. Also, we’ve got to deliver a finished system that’s robust, works 24/7, and will never go down.”
We don’t always consider the complexities involved in the trading platforms we use, but ensuring 99.9 percent uptime is non-negotiable. It isn’t easy either. When trading sites go down, people lose a lot of money. And that’s a situation that Digitex never wants its users to suffer.
They’re Creating the Best Platform Possible
Another key job of a programmer requires a healthy dose of imagination. You literally have to think of the worst possible case scenarios and outcomes that could happen–so that you can make sure they don’t. And thinking of and coming up with ways to mitigate these risks is a fulltime job.
“You have to look at things that could go wrong even if they probably wouldn’t go wrong except once in a million times,” says Darragh. “You have to look at anything that may go wrong. These things come up as we get closer to refining the system. The overall architecture and trading engine are very sophisticated. The results will be coming back almost in real-time. We’re doing our best to emulate real-time with sufficiently powerful architecture behind the scenes.”
I wonder, as more users onboard, will scalability be an issue? We hear about that a lot, especially when speaking about the Ethereum blockchain. “Scalability is an issue with Ethereum, but our order matching engine sits on a centralized server, not on the blockchain. We’re pretty confident that we can have hundreds of thousands of users and they’ll be getting almost instantaneous responses.”
Does it get hard when you’re always working at your keyboard trying to anticipate potential problems?
“Actually,” he counters, “we get so engrossed in our work that some days people don’t want to go home! Most of us work longer hours, that’s the nature of the project, you tend to get stuck in. At the moment, we’re focused on the trading engine and making good progress with that. People don’t want to go home, they just want to move it on to the next point. We’re all very excited to be working on it.”
The Team Has Decades of Combined Experience
What makes Darragh and his team the right people for the job? After all, when it comes to building applications on the blockchain, with the technology being so new, how are they confident of completing such a complex task?
Darragh and his colleagues come from a solid background building software for the telecom industry. That means they’re used to ensuring that systems never fail and never go down. This is something that translates nicely to the functionality that the Digitex Futures exchange needs. And that’s just the backend.
On the front end, there are some cool developments afoot as well. “We’ve got probably the best guy to have on the front end. He’s from Silicon Valley, he’s been working there about 15 years and he’s a very strong front-end architect and UX expert.”
So once the platform is up and running, you can be sure of it boasting the most user-friendly interface and that it will be as robust, reliable, and fast as possible.
Where Is Digitex At Now?
“The trading engine is looking great. We’re carrying out extensive testing, we’re always testing. Sometime in July [this month!], we’ll have the first iteration which is a built system and has most of the features the final system will have. Then thereafter, more and more features added with every iteration.”
“And now for the $64,000 Dollar Question:
When is it going to be ready?”
“The ambition from the business unit is that we have the system deployed in Q4,” Darragh replies, “and we’re certainly on track for that. I’m confident that we can get the best solution out in time.”
When you consider that the Dublin-based programming team officially got off the ground on March 1st, they’ve done a lot of work in three short months. “UI visual design is really taking shape,” Darragh enthuses, “we’re making it look good on all devices, on mobile devices as well as on big screens.”
One final question, then. What would you say to all Digitex investors out there anxiously awaiting the finished product?
He smiles, “Look, we all have a vested interest in this working. We’re confident in the direction our development is taking, thus giving the DGTX token reason to grow in value. We’ve got the best team we could hope for here in Ireland. They’re all either very high-end Silicon Valley web designers or they’ve worked for decades in the telecom industry that’s all about building robust equipment that doesn’t fail and that does what it’s supposed to.”
After speaking to Darragh, I kind of feel like a child waiting for Christmas. And let’s be honest, 2018 may not have been the best year for cryptocurrencies so far, but Digitex Futures is storming ahead. It won’t be long now until Adam’s dream becomes a reality and some serious trading can begin.