The great change behind “System Upgrade” of Hoo

Bitcoin rose to $ 63,000 on October 22, breaking another record high and causing a stir in the market. On the same day, Hoo officially posted a message that there was a large influx of users. In order to provide users with a smoother product experience and to ensure the security of assets, the coin trading area system update is expected to be completed from October 22, 2021, 1:00 a.m. to October 22, 2021, 9:00 a.m. (UTC + 8).

For this upgrade, Hoo was officially postponed four times until 6:00 p.m. (UTC + 8) on October 22nd, when the Hoo system was back to normal. During this time, the Hoo community responded violently by asking why the upgrade was delayed so many times. What did Hoo update during the 18 hours?

In-house developed aggregation system at the Nasdaq level

According to relevant sources close to Hoo, the upgrade of Hoo this time mainly consisted of putting a number of self-researched aggregation systems of the Hoo team online for about half a year. Therefore, the demands on time and technology are higher.

A normal trade aggregation system consists of the following several components. The first is the user. The user entrusts the offer and quantity, generates an order and sends it to the trading platform; the second is the gateway, which is responsible for collecting user jobs and forwarding them to the aggregation engine; The third is the aggregation engine, the heart of the trading system that is used to take orders and implement the orders according to the business logic, aggregating transactions while generating transaction records and then giving users feedback on the results of their transactions ； Fourth the quotation engine, which receives processing results from the aggregated trading engine, stores the aggregated trading data in the database and at the same time generates K-line data for multiple time periods (opening price, closing price, trading volume, highest price, lowest price). at regular intervals ； There is also a database to store the orders and transaction records during the transaction and achieve data persistence.

The current upgrade from Hoo is a system upgrade of the above factors that affect aggregation. The whole system is better aligned with the current trading volume situation of Hoo, which means that the needs of the users can be better met.

After this upgrade, Hoo has achieved a major upgrade of its products. Currently, Hoo’s aggregation system has been extended to the NASDAQ Level, with TPS up to 20,000 per second.

There are two things that users feel the most about Hoo’s product update from the reactions of community users. On the one hand it is in the product presentation, the setting is more oriented towards the habits of the user. For example, a careful user asks the author to open the homepage of the Hoo APP, you can see that Hoo Labs, which was relatively hidden but is often used, can now be seen directly on the product homepage, it will be easier to find entry to later participate in the Hoo IEO project.

On the other hand, in terms of product experience, the transaction is smoother and more stable, and users can have a different experience when trading with Hoo.

A large influx of new users is pushing back the system upgrade

In addition to major upgrades on the product side, Hoo has recently taken many steps in the field of environmental improvement and marketing. According to public information, over the past 10 days, Hoo has taken a number of steps related to Hoo’s globalization layout and environmental optimization.

On October 13th, the Hoo Global platform will add HOO as a pledged asset to the Hoo Collateral Loan. Users holding HOO can be used as a collateral loan deposit with a 55% mortgage rate. Currently, the Hoo Collateral Loan business has 16. supports types of loanable assets.

On October 15, Hoo Smart Chain (HSC) published a whitepaper on HOO ecology detailing the delivery and circulation data, functional roles, economic model, ecology and value creation system of the chain’s native HOO token on HSC .

From October 17th to 20th, Hoo took part in the “Future Blockchain Summit 2021” at the Dubai World Trade Center. The Executive Chairman, Mr. Farzam, made a speech at the opening session. Hoo’s strategy of building a global operations center in Dubai has become the focus of media attention, and Gulf News and other Middle Eastern media have covered Rexy W, the founder of Hoo.

According to the responsible person in charge of Hoo, the ecological improvement is to give the users more opportunities to realize a fortune growth in the Hoo ecology, the system update and maintenance on the product side is to create a good user experience. The multiple delays in this system update were due to the recent influx of users to make users’ assets more secure, trading interface smoother, etc. Hoo has sped up the updating and updating of its products.

With the development of the world market and the extensive upgrading of the product, the price of the platform token HOO continues to be affected by the global high-quality investors, the price of HOO rose from a low of $ 0.74 to a high of $ 0.82 in the Year last week an increase of 10.8%.

（Picture by Coingecko）

sum up

After this upgrade, the assets will be more secure and the users will have a better experience. With product upgrades and market expansion going hand in hand, Hoo makes continuous improvements and breakthroughs in all aspects and presents a brand new encrypted asset service platform.

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