ipayBTC Case Study
ipayBTC is a decentralized finance DeFi technology company that helps small businesses, freelancers, and individuals by offering secure, low-fee Bitcoin transactions. Through the lightning network, ipayBTC allows users to use Bitcoin not just for trading, but also for everyday purchases like airtime and mobile data, helping make digital financial inclusion possible.
Industry Vertical
Decentralized
Finance DeFi
Decentralized Finance DeFi
The Challenges
ipayBTC wanted to build a strong and scalable infrastructure on AWS
to support its decentralized finance (DeFi) services. The challenges
they faced included:
CoreStep relied on traditional, in-house on-premises systems to
run its business services like B2B operations and Point-of-Sale
POS devices. However, this setup couldn't keep up with the
company’s growth. To handle more customers efficiently and
ensure services ran smoothly without hiccups, CoreStep needed to
shift these systems to AWS, a cloud platform known for
reliability and scalability.
● High-Performance Processing: Handling lots of small Bitcoin
transactions quickly and efficiently.
● Secure Blockchain Data: Ensuring the blockchain data remained
secure and decentralized.
● Scalability: Being able to handle increasing transaction volumes
without sacrificing data integrity or performance.
ipayBTC wanted to build a strong and scalable infrastructure on AWS to support its decentralized finance (DeFi) services. The challenges they faced included:
CoreStep relied on traditional, in-house on-premises systems to run its business services like B2B operations and Point-of-Sale POS devices. However, this setup couldn't keep up with the company’s growth. To handle more customers efficiently and ensure services ran smoothly without hiccups, CoreStep needed to shift these systems to AWS, a cloud platform known for reliability and scalability.
● High-Performance Processing: Handling lots of small Bitcoin transactions quickly and efficiently.
● Secure Blockchain Data: Ensuring the blockchain data remained secure and decentralized.
● Scalability: Being able to handle increasing transaction volumes without sacrificing data integrity or performance.
Solution
ipayBTC worked with SoftGEM Global Technologies LTD to create a
customized AWS solution that addressed these challenges. The
solution included:
- Amazon EC2 C5n Instances: For fast processing of
high volumes of transactions..
- Amazon Managed Blockchain: To securely manage
blockchain data in a decentralized way.
- Amazon S3: o store data in a reliable, scalable
way.
ipayBTC worked with SoftGEM Global Technologies LTD to create a customized AWS solution that addressed these challenges. The solution included:
- Amazon EC2 C5n Instances: For fast processing of high volumes of transactions..
- Amazon Managed Blockchain: To securely manage blockchain data in a decentralized way.
- Amazon S3: o store data in a reliable, scalable way.
Results
- Improved Transaction Efficiency: With Amazon
EC2 C5n instances, ipayBTC processed microtransactions up to
30% faster, reducing transaction latency and ensuring
seamless user experiences even during high traffic periods.
- Secure Blockchain Management: By utilizing
Amazon Managed Blockchain, ipayBTC achieved 99.99%
availability of blockchain data, ensuring security and
decentralization while safeguarding against potential data
breaches.
- Scalable and Reliable Storage: With Amazon
S3, ipayBTC scaled its storage capacity as transaction
volumes increased, maintaining high performance with over
50TB of data securely stored and easily accessible.
- Improved Transaction Efficiency: With Amazon EC2 C5n instances, ipayBTC processed microtransactions up to 30% faster, reducing transaction latency and ensuring seamless user experiences even during high traffic periods.
- Secure Blockchain Management: By utilizing Amazon Managed Blockchain, ipayBTC achieved 99.99% availability of blockchain data, ensuring security and decentralization while safeguarding against potential data breaches.
- Scalable and Reliable Storage: With Amazon S3, ipayBTC scaled its storage capacity as transaction volumes increased, maintaining high performance with over 50TB of data securely stored and easily accessible.
