Project / Crypto / Web Development

Unchaining the Mysteries of Crypto.

November 11, 20212 min read
logo of chain.report

Unchaining the Mysteries of Crypto with the Coolest Tech Gadgets

A Soaring Technology Meets a Sizzling Tech Stack

In today's world, cryptocurrencies have become a dominant force, but with their rise comes the complex challenge of taxation. Amidst the ever-growing popularity of Bitcoin and other digital assets, the issue of tax compliance looms large for many users.

To address this, we developed chainreport—a platform designed to simplify the process of crypto tax reporting, even within the notoriously complex German tax system. The platform automatically processes all your trades from connected crypto wallets using their API keys, providing a comprehensive overview of your assets and transactions. With just a click, users can generate a tax report, making the daunting task of crypto tax compliance much more manageable. If you're interested, you can sign up here for free and receive a 10% discount on any additional purchases on the platform.

Let's Talk Tech

From a technical perspective, the platform is built on a robust stack. The frontend (FE) is a Next.js React application, which has proven to be both refreshing and rewarding to work with. Next.js offers an optimized and performant React experience, while still allowing for optional features and flexibility. Its strong support for modern React libraries and features makes it the go-to choice for frontend development. Today, there are very few reasons to choose Create React App (CRA) over Next.js, as the latter delivers the best of both worlds.

The backend (BE) is powered by a Node-GraphQL server, a stack I have long favored. To further enhance performance, we integrated a Redis caching layer, which stores previous API requests for coin prices and helps manage rate-limited APIs from supported exchanges. Additionally, the platform employs a queue service to efficiently handle these rate-limited requests.

Looking ahead, we have ambitious plans for the platform. We are preparing to migrate to a serverless architecture, which will further improve scalability and reliability. A complete frontend redesign is also on the horizon, aimed at delivering an even better user experience. These upgrades will ensure that chainreport remains at the forefront of crypto tax technology.

CryptoBlockchainTaxPlatform economy