Silicore: Bridging Cryptocurrency Markets with Real-Time Insights
The Challenge
New York–based startup Silicore sought to create a web application that would provide users with real-time cryptocurrency pricing data across 20+ exchanges. The platform aimed to help users identify pricing disparities between exchanges, allowing them to optimize their trades. To enhance user engagement, the app would also include features for rating exchanges, leaving reviews, and leveraging seamless login via Google authentication.
Our Solution
To bring Silicore’s vision to life, we started by developing smart contracts in Rust for the Stellar Blockchain as part of a competition funded by a $30k grant from Stellar. Post- competition, we transitioned to building the Web2 components of the platform, leveraging modern technologies such as Next.js and TypeScript for the frontend and Nest.js for the backend. A PostgreSQL database was set up to handle complex relationships, and Google authentication was integrated for a smooth user experience.
The Results
- Real-time updates from over 20 exchanges every 30 seconds
- Seamless user experience with Google authentication
- Enhanced user engagement through ratings and reviews
- Improved trading efficiency by providing actionable insights
Technical Implementation
One of the primary challenges was integrating WebSocket APIs from 20+ cryptocurrency exchanges, each with unique protocols. We established a robust system to fetch, process, and update pricing data in real-time, ensuring users received fresh data every 30 seconds. The modular architecture of Nest.js enabled us to handle dependency injection effectively and deliver a robust API. Next.js and TypeScript provided a dynamic and responsive frontend experience, while PostgreSQL ensured efficient handling of user and review data.
Future Impact
Silicore’s platform has the potential to revolutionize how traders interact with cryptocurrency markets by democratizing access to real-time data and user-generated insights. With plans to integrate additional exchanges and advanced analytics, the platform is poised to become an indispensable tool for both casual and professional traders.