06 Aug '13, 4am

Amid epic woes, Bitcoin's largest exchange rolls out faster hardware - Ars Technica #litecoin

Things have gotten increasingly messy this year for Mt. Gox, Bitcoin's largest exchange. There was the whole currency crash in April followed quickly by a DDoS attack directed at the exchange. Next came the US government stepping in to seize Mt. Gox funds from Dwolla, a mobile payment service. And in late June as that investigation continued, Mt. Gox flat-out suspended US-based withdrawals as the volume of transactions continually overwhelmed the site. Today, the site tried to offer followers some positive news. Mt. Gox announced "Midas," a new engine that supposedly benchmarks at more than 500,000 trades per second. Mt. Gox even claims Midas "is capable of much more than that." While no firm rollout date was given with the announcement, Mt. Gox indicated that Midas will be deployed soon "after a couple of hardware updates." Mt. Gox also said it is now partnering with Akam...

Full article: http://arstechnica.com/information-technology/2013/08/ami...

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