Engineering Blog

How to Build a Great Engineering Team

October 24, 2018 | By Rajesh Nair

Over the past few years, I’ve had the opportunity to build out a world-class engineering team at Paxos, a fintech startup on an ambitious mission to enable the movement of any asset at any time in a trustworthy way. As VP of Engineering, I had to figure out how to build a strong team as… Read more »

Press

itBit Now Offers ETH Trading – and ZERO Trading Fees in December

December 7, 2018 | By Paxos

We’re happy to announce that itBit customers can now start trading Ethereum (ETH) through the itBit exchange, both at itbit.com and via our FIX & REST APIs. ETH is now available for trading against all other fiat currencies currently listed on the exchange: USD, EUR and SGD. This is the first time we have added… Read more »

Repository Blog

Binance Lists PAX as a Base Currency

November 29, 2018 | By Paxos

We’re excited to share that Binance, the world’s largest crypto exchange, has now added the Paxos Standard (PAX) stablecoin as a base currency. PAX is the first regulated stablecoin to be a base currency on Binance, giving traders a trusted alternative to Tether (USDT). What is a base currency and why does it matter? A… Read more »

Press

Paxos to Partner with Bitpay, Global Bitcoin Payment Service

November 20, 2018 | By Paxos

We are excited to announce that the Paxos Standard token (PAX) is now a settlement option for BitPay merchants around the world. BitPay is the first and most experienced company in bitcoin payments and we’re thrilled they have chosen PAX to incorporate into their merchant-facing product. BitPay merchants and businesses now have the option to… Read more »

Repository Blog

Join Paxos at Consensus: Invest NYC (50% Off Discount Code)

November 5, 2018 | By Paxos

Like many of our partners and peers, we are counting down the days to the upcoming Consensus: Invest summit in New York City on November 27th! We are proud to be sponsoring the conference this year, helping facilitate discussion and debate around the trends and opportunities shaping the fast-growing digital asset industry. At Invest, we’ll be showcasing… Read more »

Engineering Blog

Designing Paxos Standard’s Minimal Smart Contract

October 30, 2018 | By Brent Perreault

About Paxos Standard (PAX) Paxos recently launched the first regulated stablecoin, Paxos Standard Token (PAX). Like many recent tokens in the space, including stablecoins Tether and TrueUSD, PAX was created as an ERC-20 token on the Ethereum network, allowing for easy adoption and interoperability with existing wallets and exchanges. This blog post discusses the design… Read more »

Repository Blog

Paxos Standard (PAX) crosses $100M

October 29, 2018 | By Paxos

  Today, we are excited to announce that the Paxos Standard token (PAX) has passed the $100 million mark since its launch one month ago. PAX are issued 1:1 to the US dollar when customers deposit funds, so this $100M milestone is a testament to the growing customer demand for PAX, a stablecoin you can… Read more »

Repository Blog

Paxos Introduces Faster Processing for PAX

October 26, 2018 | By Paxos

  We are excited to share that we have added several more windows for PAX conversions and fiat deposits/withdrawals! With more frequent processing times every weekday (and even some on the weekends), you can be sure that the transactions you initiate are fulfilled faster than ever. You can access the full processing schedule here. (These transactions are… Read more »

Engineering Blog

How to Build a Great Engineering Team

October 24, 2018 | By Rajesh Nair

Over the past few years, I’ve had the opportunity to build out a world-class engineering team at Paxos, a fintech startup on an ambitious mission to enable the movement of any asset at any time in a trustworthy way. As VP of Engineering, I had to figure out how to build a strong team as… Read more »

Press

Paxos Standard™ Quickly Achieves Global Adoption By Over 20 Top Crypto Exchanges And OTC Desks

October 15, 2018 | By Paxos

NEW YORK, Oct. 15, 2018 /PRNewswire/ Paxos® today announced that the Paxos Standard™ token (ticker symbol PAX) has achieved the fastest, widest institutional adoption of any digital asset, with support from over 20 top global exchanges and OTC desks within one month since its launch. Six of the top ten crypto exchanges, Binance, OKEx, Gate.io, ZB, KuCoin and… Read more »

Engineering Blog

How to speed up local Kubernetes development by proxying Helm charts

September 27, 2018 | By Christian Maher

At Paxos, we’ve been running our services on Kubernetes for a while, but had trouble managing multiple environments until we adopted Helm and ChartMuseum. While these tools introduced a few troubles with local development at first, we made ChartProxy to address these woes, and the deployment process has never been smoother. A Brief Primer on… Read more »

Press

Binance lists Paxos Standard token (PAX)

September 21, 2018 | By Paxos

We are excited to share that Binance, currently the world’s largest crypto exchange by trading volume, has announced it will list our Paxos Standard token (ticker symbol PAX). The announcement of the listing of PAX on Binance signifies a growing and immediate demand for a regulated stablecoin. Paxos issues and redeems PAX tokens one-to-one against U.S. dollars, giving… Read more »

Repository Blog

Introducing Paxos Standard (PAX), the new digital dollar

September 10, 2018 | By Chad Cascarilla

We’re thrilled to announce that today we launched the Paxos Standard token, a new digital asset that is collateralized 1:1 with the U.S. dollar. You can call it a dollar-pegged stablecoin, or a tokenized dollar; however you look at it, it’s a digital representation of a dollar. You can always buy or redeem Paxos Standard on a… Read more »

Press

Paxos launches new stablecoin, Paxos Standard (PAX)

| By Paxos

Paxos today announced the launch of Paxos Standard™, the world’s first regulated crypto asset. The Paxos Standard token is fully collateralized 1:1 by the U.S. dollar, issued by the Paxos Trust Company, and approved and regulated by the New York State Department of Financial Services. As a digital asset, Paxos Standard can move instantaneously anywhere in the… Read more »

Repository Blog

Paxos Continues Growth Trajectory, Adds Seasoned Executives Nancy Dornbush as Global Head of Operations, and Dorothy Chang, VP of Marketing and Communications

August 16, 2018 | By Paxos

Paxos continues to grow and scale operations, having recently announced a $65M capital raise bringing us to $93M in total funding. On the heels of this milestone, we are excited to continue our momentum and announce the addition of two tenured team members. We welcome Nancy Dornbush as Global Head of Business Operations and Dorothy… Read more »

Repository Blog

Chad Cascarilla on Leaderships Strategies to Improve Company Culture

August 1, 2018 | By Paxos

Last week, Authority Magazine sat down with Paxos CEO and Founder, Chad Cascarilla, to gain insight into our company culture and how it’s been shaped over time. In the interview, Chad discusses the core values Paxos is built upon, how to promote collaboration and productivity among cross-functional teams, and how young startup founders can achieve… Read more »

Engineering Blog

Shrink your ops team by putting the Dev in DevOps

June 11, 2018 | By Shai Borochov

Every software system requires an exhaustive amount of configuration and maintenance: from provisioning servers, deploying code, installing and upgrading services, to storing data, managing DNS records and applying security protocols, there is a tremendous amount to consider. At Paxos, we run extensive microservice deployments in various environments on AWS – maintaining them at a high… Read more »

Press

Paxos Press Kit

May 31, 2018 | By Paxos

Click here to download Paxos Press Kit

Press

Paxos Continues Growth of Modern Settlement Platform with $65M Series B Funding

| By Paxos

Funding to further Paxos dramatically helping financial institutions reduce settlement risk  New York, NY – May 31, 2018 – Paxos, a financial technology company and the first blockchain-powered trust, has closed a $65 million Series B round of financing. The round is led by a consortium of existing investors including Liberty City Ventures, RRE Ventures,… Read more »

Press

DFS Continues to Support New York FinTech

May 17, 2018 | By Paxos

Paxos Trust Company LLC, an Existing DFS Licensee, is Now Authorized to Offer Bankchain Precious Metals Platform Financial Services Superintendent Maria T. Vullo today announced that the Department of Financial Services has authorized Paxos Trust Company LLC, formerly known as itBit Trust Company, to offer a permissioned, blockchain-based post-trade platform settlement service called Bankchain, and… Read more »

Engineering Blog

Should I Migrate to an Async Framework?

October 12, 2017 | By Paxos

The main problem with (traditional) synchronous code, is that processes hang while waiting for external data. Have you ever wondered “why do we need to provision yet another beefy AWS machine?” It may be because you’re not using your existing ones efficiently.

Engineering Blog

Blockchain 101 – Elliptic Curve Cryptography

August 15, 2017 | By Paxos

In this series of articles, I’m aiming to give you a solid foundation for blockchain development. In the last article, we gave an overview of the foundational math, specifically, finite fields and elliptic curves. In this article, my aim is to get you comfortable with elliptic curve cryptography (ECC, for short). This lesson builds upon… Read more »

Engineering Blog

Why aren’t distributed systems engineers working on blockchain technology?

August 1, 2017 | By Rajesh Nair

For the last 15 years, I have predominantly worked on Distributed Systems of various size and complexity. Over the last couple of years, I have become more interested in blockchain or Distributed Ledger Technology (DLT). Coming from a Distributed Systems background, it seemed natural to me to understand more about this innovative technology. So it’s… Read more »

Engineering Blog

Blockchain 101 – Foundational Math

July 6, 2017 | By Paxos

Getting into blockchain development can be pretty intimidating. There’s a whole host of weird terms that are thrown around like “coinbase” and “merkle root” that not only look odd, but are not obvious. Add to that additional terms that look normal, but mean something specific to blockchain like “transaction”, “block” and “signature”.

Repository Blog

Modern Trader names Paxos CEO Charles Cascarilla one of Fintech’s Top 50 Leaders

May 18, 2017 | By Paxos

Last year our CEO Charles Cascarilla was featured in Modern Trader, discussing early adoption and future applications of blockchain technology. In this month’s issue featuring 50 Top Fintech leaders, Modern Trader revisits Charles to talk about the explosion of blockchain interest in the fintech industry and how Paxos has evolved to become a leading company… Read more »

Engineering Blog

Why Take-Home Tests are Awesome

May 11, 2017 | By Rajesh Nair

At Paxos, we give all software engineering candidates a short take-home test before deciding if we want to move forward with an in-person interview. We’ve found it works really well, so we want to share our process and why we think it’s so effective. Our hiring process in one easy flow: phone interview, take-home test,… Read more »

Engineering Blog

Write Fast Apps Using Async Python 3.6 and Redis

April 27, 2017 | By Paxos

One of the common complaints people have about python and other popular interpreted languages (Ruby, JavaScript, PHP, Perl, etc) is that they’re slow. A faster language would give better response times and reduce server costs.

Engineering Blog

The Blockchain is Evolutionary not Revolutionary

February 23, 2017 | By Paxos

Many people across the technology and financial industries are dubbing blockchains as the greatest innovation since the Internet. However, a blockchain is comprised of a bunch of technologies that are actually pretty old. The biggest surprise when it comes to Bitcoin may be that it wasn’t invented a decade earlier using dial-up internet!

Engineering Blog

Engineering at Paxos

January 12, 2017 | By Rajesh Nair

At Paxos, we are modernizing finance by mobilizing assets and simplifying settlement. We work in many different asset classes including crypto (with the itBit exchange and Paxos Standard stablecoin), precious metals and securities. Although trading speeds, regulations and the complexity of assets have changed, settlement has not. Today’s post-trade settlement systems were designed decades ago,… Read more »

Press

Paxos Appoints Former NYSE CEO Duncan L. Niederauer to Board of Directors

November 29, 2016 | By Paxos

NEW YORK, Nov. 29, 2016 — Paxos™, a financial technology company delivering revolutionary blockchain solutions for global financial institutions, today announced the appointment of Duncan L. Niederauer, the former Chief Executive Officer of The New York Stock Exchange, to the company’s Board of Directors.

Press

Revolutionary Blockchain Technology Firm, Paxos, Unveiled Today

September 13, 2016 | By Paxos

Flagship service, BankchainTM, delivers accelerated settlement times and significant cost savings