Bitenny

BITENNY’S INTERNAL SOFTWARE: Bitenny’s structure incorporates two separate components, operating together as a whole to provide comprehensive functionality to users. These components are as follows: The Bitenny platform: is where users and partners such as banks, exchanges, crypto-exchanges, payment service providers (PSP) and other external entities can interact with the network via the frontend. It enables exchange, trading and payment capabilities. The modular design allows for different parts to be maintained and developed independently. The modular structure allows for organic growth and for Bitenny to provide additional services like fraud detection. All communications and interaction between the Bitenny platform and the end-user use state-of-the-art security protocols and are encrypted. The Bitenny backend: is the computational core of Bitenny; it’s separated from the platform for increased security and scalability. It contains a parallel framework for distributed computations over the network, built on top of the proprietary multithreaded SSL web server and multithreaded web socket server. This backend interacts with the Bitenny platform via a REST API Secure Socket Layer server. To ensure scalability, the backend allows for multiple levels of parallelism, such as multi-server, multi-CPU, multithreading and multi-GPUs. It is essential for us to deliver our services continuously. Therefore, we have designed our backend to be fail-safe by dynamically managing computational resources. The Bitenny backend incorporates four separate tiers – exchange layer, blockchain layer, AI algorithm and the user data. The purpose of the exchange layer is to securely connect to (crypto) exchanges, retrieve real-time data and execute transactions. The data is stored in an encrypted database. The blockchain layer can import and connect to multiple blockchains directly. Thus, we can perform activities such as blockchain analysis, wallet balance calculation, retrieval of fees and number of wallets. Moreover, connecting directly to the blockchain provides benefits for professional trading, enabling real-time tracking of transaction orders. Both the exchange and blockchain layers are connected to the AI algorithms. This layer forms a significant part of what makes Bitenny stand out for users, making the network a real asset in the digital landscape that it’s developing. The Bitenny’s AI layer consists of state-of-the-art numerical techniques such as neural networks, Markov chains, Monte Carlo algorithms, simulated annealing and other stochastic methods. The machine learning techniques are used to predict prices and dependencies between different currencies (or assets) and help the user decide how to invest. Bitenny’s AI supports automatic trading. The user data is stored in a database with a multiencryption layer (AES256) to ensure the privacy and security of user data. The Bitenny backend can connect to different types of databases through a proprietary domain language, for automatic code generation for each database type. To enable scalability, multiple databases can be used at the same time. This two-component structure enables Bitenny to meet the diverse needs for the various users, particularly those wishing to achieve the flexibility of digital payments while still retaining the wide-ranging reliability of a real world, fiat currency.