PROVO, Utah, June 3, 2019 /PRNewswire-PRWeb/ -- Pyrofex Corporation, a platform development company, announces a partnership with Presidio, a full lifecycle security, cloud and IT service provider. Together, they will develop the systems and network design for CDelta's high-performance backbone. CDelta is Pyrofex's cryptocurrency and payments platform, designed to address blockchain's scalability problem. Presidio brings decades of experience in redundant, secure, scalable and high-performance systems design, integration and operational excellence to the Pyrofex team. Together, we will design and build the systems and network infrastructure required to enable CDelta to achieve transaction throughputs surpassing those of traditional payment processors.
"Pyrofex is a software company, but our software designs rely on good systems and network engineering." said Nash Foster, CEO of Pyrofex. "We are thrilled to partner with Presidio, combining our talented team of software and security engineers with Presidio's expertise. We are confident that through this partnership, we can build and launch a payments platform that is fast, cost-efficient, and exceeds the needs of consumers and merchants alike."
CDelta is an open source, proof-of-stake blockchain and payment platform that will be able to process 50,000 transactions per second shortly after launch. Built using Pyrofex's optimistic consensus system, CDelta paves the way for adoption of crypto payment apps by introducing a blockchain solution that reduces transaction fees without sacrificing any security or decentralization. This partnership with Presidio will support the initial deployment of nodes on the CDelta backbone to form the foundation for one of the world's fastest and most secure blockchain, allowing CDelta's cryptocurrency to be used for payments worldwide.
"We are honored to be working with the Pyrofex team, leveraging a cross section of our 1,700 security and infrastructure engineers and their expertise in building the types of systems needed to support the high performance, always on, CDelta network." said Andy Olson, Presidio's Vice President of Engineering, Rocky Mountain Region.
Pyrofex is led by three ex-Googlers with over 30 years of combined experience building complex Internet systems at extremely large scales. Their payments processing solution, Numifex, allows merchants to begin accepting cryptocurrencies today.
About Pyrofex:
Pyrofex Corporation, formed in 2016 by co-founders Nash Foster and Mike Stay, is focused on the development of software, protocols, and infrastructure to support a truly scalable global cryptocurrency. CDelta will be an open source, proof-of-stake blockchain, and payment platform. Built using Casanova's Optimistic Consensus System developed by Pyrofex, CDelta will enable users to process tens of thousands of transactions per second and significantly reduce transaction fees without sacrificing any security or decentralization. Numifex is a fully-functional payment processor for cryptocurrency that merchants can integrate into their websites today. Pyrofex's team is led by three ex-Googlers with over 30 years of combined experience building complex Internet systems at extremely large scales. Pyrofex believes the world is ready for a decentralized payment processing solution that is fast and cost-efficient.
About Presidio:
Presidio is a leading North American IT solutions provider focused on Digital Infrastructure, Cloud and Security solutions to create agile, secure infrastructure platforms for its customers. We deliver this technology expertise through a full life cycle model of professional, managed, and support services including strategy, consulting, implementation and design. By taking the time to deeply understand how our clients define success, we help them harness technology advances, simplify IT complexity and optimize their environments today while enabling future applications, user experiences, and revenue models. As of June 30, 2018, we serve approximately 8,000 middle-market, large, and government organizations across a diverse range of industries. Approximately 2,900 Presidio professionals, including more than 1,600 technical engineers, are based in 60+ offices across the United States in a unique, local delivery model combined with the national scale of a $2.8 billion dollar industry leader. We are passionate about driving results for our clients and delivering the highest quality of service in the industry. Presidio is majority owned by investment funds managed by affiliates of Apollo Global Management, LLC (NYSE:APO). For more information visit: http://www.presidio.com.
SOURCE Pyrofex
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