In May next year, I’ll be in WebExpo, in Prague, to give a talk on how to build payment systems, and I’d love for you to be there. You can find al

How to build 99.999% uptime payment systems

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2024-11-27 13:00:07

In May next year, I’ll be in WebExpo, in Prague, to give a talk on how to build payment systems, and I’d love for you to be there. You can find all the info here.

At the beginning of 2024, Stripe announced that its systems had achieved 99.999 percent uptime in 2023. This means that they had only 5 minutes of downtime throughout the whole year.

Unbelievably high levels of availability can only be achieved with modern storage techniques and cleverly designed distributed systems. For example, many of us are following with tremendous interest the development of TigerBeetle, the database built specifically for financial data.

They claim that it is 1000 times faster than the mainstream ledgers. What’s mainstream, what you use today, is now very slow.

However, TigerBeetle’s main problem is adoption. Or, as one savage reader of The Playbook puts it, “talent is too thinly spread in fintechs these days to do a roll-your-own at acceptable medium term risk levels”.