August 2023 Latest News 10 Aug 2023

Deliverables achieved over the last few months for Crypto Statto

The last few months have seen an immense amount of deliverables met with a radically improved feature packed platform being launched mid-August 2023. In this article, we cover some of the features added, and discuss some of the technical hurdles we have had to overcome.

Many may know that building a new platform is not a simple thing. We have implemented this in a Jobs To Be Done (JBDT) manner - focus on what needs doing rather than the technology for the sake of it. Our focus has been to minimise hosting costs until we get the footfall to scale out our data processing architecture. This means data won't always be available to all our reports but significant resilience has now been added.

Remembering our cryptocurrency platforms ethos

There are many excellent trading and data providers within the cryptocurrency space. Our focus is on adding value by providing analytical insights that are available to both end users (real humans) through reports and automated trading solutions through our API. Our platform regularly processes new data and appears on our platform soon after. We focus on snapshotting data rather than streaming information and we remind our users, especially during the early stages of crypto statto, to respect our platform by not hammering it with excessive high volume queries.

Multiple cryptocurrency platform releases over the last 3 months

We have added new versions of our platform, as we have sought to stabilise it and add more features and content providing services. We are expecting our release on the 10th of August 2023 to be the last for a good while whilst we focus more on payment handling and reporting.

New reports and datasets

We collect data from multiple cryptocurrency platform and pump that through our cryptocurrency data warehouse. Reports are collected and pushed to the website which are then available to our API and reports. Our reports focus on generic data related to;

• Movement on assets, trends, coins
• Rankings on market capitalisation, trends
• Periodic movement comparisons - designed to help traders spot opportunities that are harder to spot on trading and price analytics platforms
• Data quality metrics to help users understand how recent our data has been updated

Distributed Reporting

Our original Web Data Platform technology focused on reports being delivered to a website area and this content being consumed and processed by the Web application. This data is then available to users via our cache which should make the performance optimal.

Resources available to do process data on a cloud server can get expensive very quickly. We have successfully added new data processing architecture to process the data separately, pushing the reporting packages to the platform. This means we can sustain a higher number of users and keep our reports available whilst we build out more services to Crypto Statto. A major benefit of this approach is we can produce these packages from entirely different sources and simply deliver them to our platform. This can allow trusted third parties to provide their reports to our platform to be available through Crypto Statto.

Extra Resilience

We have been adding small enhancements to help keep the data footprint low. We have added small services to automatically fix some issues. We know there will be more work to do in this area but you will be pleased to know we are on the up.

More regular reporting

A move away from daily reports to new reports every hour and n minutes. As you may know, we will be charging per dataset by age. This means stale reports will be charged at a lower rate. Whilst our platform delivers dashboard and tabular reports at a daily level, we are moving towards more advanced reporting with rich web clients. We are still experimenting with the right balance for our audience.

Road Map / Coming Soon

Date Data Quality Resolution

The main focus has been on getting the platform stable in terms of data architecture. Once stable, we will be fixing dates across our reports. Our server is currently in the US. Some reports may show dates that are in US time. The fix should be relatively straightforward but please be patient.

Payment Handling

We hear you grimacing but to be able to offer the many exciting features through Crypto Statto, somebody needs to "show us the lolly". We want this to be as fair as possible and we welcome ideas in this area.

More reports? Better reports?

Our overriding goal is to provide reports that are; informative and understandable. Some of our reports will get removed as we refine the useful data we aim to produce.

Market integrity?

Without mentioning names, there are some crypto influencers that appear to only put out content when the sun is shining. Others seem to announce they are selling their coins and moving into X or Y when they could be loading up on alts telling others to get out? Fair, paranoid, unproven? Whatever it may be, we are planning to take publicly available data and present our findings.

More cryptocurrencies?

We are not planning to add all the cryptocurrencies ever to exist. Websites such as Coin Gecko, Coin Market Cap does a better job than us. We are aiming to focus more on metadata to classify cryptocurrencies to allow for more focused reports. There will therefore be more cryptocurrencies on our platform but we are more about benchmarking and providing indicators on assets and the market in general.

Feel free to let us know cryptocurrencies you are interested in.

Scaling out?

As soon as we launch a new version with improved performance we are already working on a new version. We think we will be scaling out our data distribution and migrating our data processing tier to a new server architecture. It is very possible that our API will be completely separate from our website.