September 21, 2022 Skalex

Introducing New Monitoring System

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September 21, 2022

We are excited to announce that we’ve added a proprietary Monitoring System to our feature set. 

How does the Monitoring System work?

Our local node processes incoming and outgoing transactions for cryptocurrencies.
There is a possibility that the local node may lag behind in synchronizing the blockchain, resulting in a delay in processing incoming transfers and crediting users.

We have implemented a blockchain monitoring tool that periodically checks trusted 3rd party nodes for incoming transactions for addresses that belong to our wallet.

If a transaction is found on a 3rd party node but is not yet visible on our node, this transaction is automatically verified and added to our wallet and the user is credited with this amount.

To avoid such delays, end users can also submit deposit requests by specifying the deposit address and the amount to be deposited. The blockchain monitoring tool then continuously checks for incoming transfers and credits the amount faster.

This Monitoring System will be featured in our upcoming release. Stay tuned!