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Ruby (programming language) Meaning

Ruby is a high-level, interpreted programming language known for its simplicity and productivity. While not a Native blockchain language like Solidity or Rust, Ruby is widely used in the fintech industry for building the backend Rails of exchanges, wallets, and payment gateways.

Its philosophy, Matz is nice and so we are nice (MINASWAN), emphasizes human-readable code and developer happiness.The Ruby on Rails framework became the gold standard for rapid startup development. Many of the first Bitcoin exchanges and block explorers were built using Ruby because of its powerful Gems (libraries) that allowed developers to easily integrate with Bitcoin Core via RPC calls.

Ruby is excellent for Glue Code-the systems that connect a user's web browser to the secure, low-level cryptographic operations happening on a server.However, Ruby is rarely used for writing smart contracts or high-frequency trading engines because it is slower and more resource-intensive than Compiled languages like C++ or Go.

In modern fintech stacks, Ruby is often used for the Management Layer-handling user authentication, database management, and UI logic-while the performance-critical Matching Engine or Blockchain Node is written in a more performant language, creating a balanced, hybrid architecture.

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Important Disclaimer:

Finery Markets BVI Limited (“Finery Markets”) provides software, technology infrastructure, and related Information and Communication Technology (ICT) services on a Software-as-a-Service (“SaaS”) basis. Finery Markets acts solely as a software vendor and does not operate a trading platform, does not intermediate, match, execute, clear, or settle transactions, and does not engage in any activities that would require regulatory authorisation under applicable laws.

Finery Markets’ software is non-custodial and is provided exclusively to licensed institutional entities that act as independent operators of their own environments. All counterparties are solely responsible for establishing and maintaining their own bilateral trading and settlement relationships. Finery Markets is not a party to any such arrangements and assumes no responsibility for the conduct, verification, or compliance obligations of any users of the software.

Nothing on this website shall be construed as a financial promotion, investment advice, or an offer to engage in regulated activities. Access to and use of the software is strictly limited to clients who have entered into a software licensing agreement with Finery Markets. Persons located in jurisdictions where such access is restricted should not rely on this website or any of its contents.

Additional notice to UK visitors: This website and associated communications are not intended to constitute a financial promotion under The Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) and related guidance. Access to services provided by Finery Markets is limited to regulated entities, professional clients and eligible counterparties as set out by the Financial Conduct Authority. UK users are not permitted to use this website for the services of Finery Markets if they don't fall within these categories.