PancakeSwap and Google Cloud Team up to Simplify Blockchain Trading
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Cryptocurrency trading is much simpler today than it used to be even a few years ago. It is constantly getting better and simpler in order to make it available to more users, including those who are not tech-savvy. However, simplifying such complex technology is not easy, which makes the process slow.
Despite everything, it is necessary if the crypto industry hopes to ever reach the mainstream and stand shoulder to shoulder with fiat currencies. A popular decentralized exchange (DEX), PancakeSwap, integrated with Google Cloud in a new attempt to reach a breakthrough.
🤝 PancakeSwap is revolutionizing trading with @GoogleCloud!
🌎 With Google Cloud's cutting-edge technology and scalable resources, PancakeSwap empowers users worldwide to trade securely, anytime, anywhere.
📚Dive into the details and witness how PancakeSwap leverages Google… pic.twitter.com/EeTHLWbwAu
— PancakeSwap🥞Ev3ryone's Favourite D3X (@PancakeSwap) July 10, 2023
The two entered into a new collaboration that aims to ensure the greater availability, scalability, security, and cost-efficiency of PancakeSwap’s platform. At the same time, it seeks to focus on improving the overall user experience.
More specifically, PancakeSwap seeks to enable 24/7 platform availability while, at the same time, it will ensure a seamless and secure trading experience for the global user base. The announcement was actually made on Google Cloud’s website on July 10th.
Benefits of the new partnership
The move allowed PancakeSwap to become one of the biggest Google Cloud customers at this time. Some of the crypto industry’s high-profile figures have also teamed with various tech giants, including eToroX, Blockchain.com, Nansen, and Coingecko.
PancakeSwap can now guarantee uninterrupted trading thanks to Google Cloud’s robust infrastructure. It implements long-balancing techniques and scalable resources, allowing users to connect to BNB endpoints effortlessly.
📢 @PancakeSwap integrates @Googlecloud to improve its DeFi infrastructure!
Through this cooperation, Google Cloud will facilitate & improve connection to #BNB endpoints, platform scalability to support high traffic, ensure the platform's safety & filter sensitive data.$CAKE pic.twitter.com/OLe1LZBtXM
— BNB Swap (@BNBSwap) July 11, 2023
According to PancakeSwap’s technical lead, Chef Jojo, other major focus areas have been scalability and cost efficiency.
One major benefit that PancakeSwap has claimed through the collaboration is the power of predictive analytics. Google Cloud’s predictive analytics is cutting edge technology, which can accurately predict traffic surges. The technology was able to offer impressive cost savings of more than 30%. It also reduced peak response time by 62.5 times.
PancakeSwap can already seamlessly handle massive volumes when it comes to trading activity. In fact, this has been one of the reasons why the DEX became as successful as it is.
Google Cloud’s technology will further enhance PancakeSwap’s security
Chef Jojo also pointed out the great importance of security in the trading environment. The platform treats security as a top priority and approaches it through collaborations with well-known audit companies. As a result, it was able to ensure that smart contracts were reviewed thoroughly, which eliminated numerous vulnerabilities that may have been missed otherwise.
With Google CLoud’s Cloud Armor, sensitive data will be filtered thoroughly, which would enhance PancakeSwap’s security even more. All of it will contribute to the exchange’s goal of making a user-friendly application that can be equally useful to both newcomers and experts.
Finally, Google Cloud’s technology will also allow PancakeSwap to focus on developing new features, some of which may only be possible thanks to the resources offered by Google’s platform.
