Protecting Backend Systems of a Cryptocurrency Trading Platform During Traffic Spikes
How can you protect the backend systems of a cryptocurrency trading platform from traffic spikes?
Given the recent news about the anticipated price surge of cryptocurrencies like Bitcoin and Ethereum, what strategies can be implemented to safeguard the backend systems of a cryptocurrency trading platform from traffic spikes?
Final Answer:
In anticipation of traffic spikes, the cryptocurrency trading platform can protect its backend system by implementing Autoscaling, caching, and API throttling. Autoscaling observes incoming traffic and adjusts server capacity accordingly. Caching stores data and serves it when the same data is re-requested. API throttling ensures the backend is not overwhelmed by controlling the rate of incoming requests.
Explanation:
To protect the backend systems of the cryptocurrency trading platform from traffic spikes, certain practices can be applied. These incorporate the usage of Auto Scaling, implementing caching, and using API throttling. Using AWS's Auto Scaling service, the platform can dynamically adjust the number of server instances. This means in times of heavy traffic, the auto scaling service will add more instances to serve the increased load, and reduce instances when the load is low. This results in improved availability and performance. Implementation of caching is another approach to bear the load. Amazon API Gateway offers built-in caching capabilities that can store responses to requests, meaning if the same data is requested again, it will save load on the backend systems by serving data from cache rather than making a new request. Finally, API throttling is crucial to protect the backend. AWS API Gateway allows setting a rate limit (number of requests per second) and a burst limit. The advantage of this is that it helps to control the traffic ensuring that the backend system is not overwhelmed with too many requests at once.