In our last update, early August 2023, we explained that we would be doing the following;
- Adding new reports and data sets
- Adding distributed reporting, which is processing the heavier workloads off website
- Date data quality resolution
- Payment handling
- Scaling out
We have made good inroads on all of the above but want to focus on our major implementations within cryptocurrency platform.
Major platform features added in the last two months
As a user of our platform most of this is more about enjoy but we can grow our platform to deliver more and better-quality information whilst trying to maintain the stability of our platform. Just as cryptocurrency blockchains take fees in exchange for confirming blocks and settling smart contracts, so through does our platform need to take some fees to deliver a better quality or service.
New billing system and data store
We have added a new payment processing architecture for website members to credit payments to their member balance, thereby allowing authorised users to consume services for a small fee. When users pay a balance they are able to use our API. We strongly suspect that a high percentage of our website usage will in future, be via our API.
Enhanced website security to ensure our users can access secured content confidently
In conjunction with adding an accounting database to our platform we have reviewed our existing security architecture and run significant tests to ensure that this process is more resilient. The platform's mail based authentication has undergone significant testing.
Improved API access for secure users
In addition to the improved website security added during this development phase we have also radically overhauled our API access, adding better authentication to the process. You can read more about this here - Using our Secure API Key Endpoints for Billable Content 03 OCT 2023 (cryptostatto.com)
Website faucet for members to set up an opening balance
To facilitate users getting a feel for our platform we have added the capability for users to hit a faucet giving them some tokens on the member balances. Users will then be able to test both the API and reports on our platform. But also
New member manager portal
We have added a complete management portal to manage most facets of a member's activity on our platform. Currently, a member can;
- View their account emails
- View their member balances (available credit)
- View their referral codes
- Their tokens to be emailed that are linked to their member account
- Initialise their referral codes (and links)
- Reset the API tokens
- Hit the force it to get given free tokens on sign up
- Buy credits through Coinbase in cryptocurrency, more payment mechanisms will be added later
- Log a support request link to payment queries
My Manager (cryptostatto.com)
Improved look and feel
We have changed the success and warning colours to bring the website alive a little more than the grey, purples, and blues, we hope you like it.
New referral programme
We have added a relatively simple addition whereby existing members receive referral links which when shared, only users clicking on them and registering on our platform will be linked and so we can potentially offer reward programmes in the future. This is not live presently in terms of offering rewards and incentives, but there is no harm in members sharing links to help us grow our platform. We will aim look to offer some kind of retrospective benefits for those loyal members helping us to grow our platform.
Scaling out and distributed processing
We have added major improvements to our data processing architecture. Although slightly technical, many will know that computers use both CPU and memory. Few will be aware that most hosting of websites doesn't provide much in the way of memory and even less in terms of CPU. Ironically most home computers and servers have enough CPU and memory to run many websites easily. Current data posting architecture runs on a separate machine off site and we have another version of our website to do most of the crunching both the data. This has largely minimised the website downtime, but we are fully aware that despite having upgraded our server infrastructure we will still need to scale out further. For this reason we are not implementing full payment handling yet and will simply grant users more tokens to access our services whilst we transition into this new data processing architecture.
Next steps for Crypto Statto
The last two months have seen an unprecedented volume of work on the technology of Crypto Statto. We will be focusing more on the commercial and data side of the platform with a view to improving the architecture once, as we understand more about requirements.
Data and reporting improvements pending
Significant volumes of information are being processed through our platform but some of these reports are not visible within the website. We are to review the data feeds to ensure uptime. We are to identify more useful datasets for our reports.
Some of the features and pages on our website which look quite bad at the moment we'll start to see some reports feeding into them.
We made good headway on ensuring time zone reporting - UK based is right but this will see an overhaul in the coming months.
Marketing and gaining awareness on our crypto analytics platform
Our objective is to see a steady increase in organic access to our platform in the next coming months.
Road testing payment validation and member balance management
Most of the payment validation technology has been road tested but we are to test this in the next couple of months to and show it is robust enough for our platform.
Feasibility study into exchange portfolio analysis reporting
Have you ever wondered why most exchanges cannot provide useful analytics and displays on your portfolio and active trade positions? We have, and this is why we built Crypto Statto. There were two main challenges that we saw;
- Identifying signals that may indicate a movement in the direction of prices
- Understanding your positions in a more complete manner to be able to take advantage of moves in either direction
Our focus is more on the quickest wins for our audience, whilst we have undertaken huge steps towards step one - identifying signals, we are also seeking to understand understanding positions on exchanges. It is likely we will plug in a connector 2 one or more exchanges overtime.
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