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Looking at model railway digital decoders, we may gain some insight into the functionality of Digital Slot Car circuitry.
Here are 3 models from Lenz:
These things are really small! They have the ability to control speed and braking together with other switchable functions like lights and horns. On the slot car, we would have lane switching technology and perhaps one or two AUX functions like lights.
These are priced at £8.50 for the standard unit and £24.51 for the small one. You can buy the decoders separately and add them to your existing stock. I don't see why slot car decoders should be much different.
Note, the One Pound coin is 22.5 mm (0.89") in diameter.
Here are 3 models from Lenz:



These things are really small! They have the ability to control speed and braking together with other switchable functions like lights and horns. On the slot car, we would have lane switching technology and perhaps one or two AUX functions like lights.
These are priced at £8.50 for the standard unit and £24.51 for the small one. You can buy the decoders separately and add them to your existing stock. I don't see why slot car decoders should be much different.
Note, the One Pound coin is 22.5 mm (0.89") in diameter.