Overview
Ruxaby is a decentralized marketplace built on the Algand blockchain, designed to facilitate secure and transparent e-commerce. It leverages ALGO and USDC for transactions, offering a permissionless escrow system to ensure every transaction is secure and trustless. Ruxaby directly addresses the limitations of traditional e-commerce by providing a global, low-fee, and secure platform for buyers and sellers.
Links
- Mainnet: https://ruxaby.com
- Testnet: https://testnet.ruxaby.com
- Documentation: https://docs.ruxaby.com
- X: https://x.com/ruxaby
Key Features
- Global, Unrestricted Access: Ruxaby is a borderless platform, allowing anyone with an internet connection to participate in global commerce without facing the financial restrictions common on other platforms.
- Low Fees: By utilizing the Algorand blockchain, Ruxaby reduces transaction costs to a fraction of a cent.
- Instant Settlements: Transactions are finalized in under 3 seconds, a significant improvement over the multi-day settlement times of traditional e-commerce platforms.
- No Payout Limits: Ruxaby removes the restrictive payout limits imposed by many banking systems.
- Enhanced Security: The platform uses a non-custodial wallet system, meaning users always control their private keys. The sign-in process is secured through a simple signature from the user's public address, mitigating risks associated with password reuse and SIM-swapping.
- Privacy-Focused: Ruxaby enables pseudo-anonymity by using a public wallet address as the sole identifier, giving users control over their personal information.
- Verifiable Reviews: The transparency of the blockchain makes it difficult to fake reviews. Buyers can inspect a reviewer's on-chain wallet history to gauge their authenticity.
Escrow Models
Ruxaby offers two distinct escrow models to cater to different product types and business needs:
1. The Trustful Model
This model is similar to traditional e-commerce, with Ruxaby acting as a neutral third-party arbitrator to resolve disputes. It's best suited for physical products with trackable shipping and lower-risk transactions.
Diagram of the Trustful Model:
2. The P2P (Peer-to-Peer) Model
The P2P model is a fully peer-to-peer system that operates without a central arbitrator. It uses a mutual collateral mechanism to ensure both parties act in good faith, making it ideal for high-risk products like redeemable items, digital goods, and P2P currency exchange.
Diagram of the P2P Model:
Technology Stack
- Frontend: Next.js, TypeScript, MUI, Tailwind CSS
- Backend: Golang with Fiber framework and Gorm for Object-Relational Mapping.
- Database: PostgreSQL
- Caching: Redis
- Blockchain: Algorand SDK, Algokit utils.
- Smart Contract Testing: Vitest with AlgoKit
- DevOps & Tools: Docker, Swagger, Go fmt, nilaway, golangci-lint, gocritic, govulncheck
Cron Jobs
- Cancel Ignored Orders: Automatically cancels orders that have not been processed by the seller within a specified timeframe.
- Confirm Delivery: Automatically confirms delivery for orders where the release date has passed and the buyer has not manually confirmed receipt.
Summary and Future Features
Ruxaby is revolutionizing e-commerce by leveraging the power of the Algorand blockchain to create a more secure, transparent, and user-centric marketplace. The platform offers a seamless experience with low fees and instant transaction finality, empowering a new generation of global entrepreneurs and consumers.
Future development is focused on:
- Deeper Decentralization: Progressively minimizing platform control to maximize user freedom.
- Enhanced User Privacy: Making personal information like names and emails entirely optional.
- Improved User Experience (UX): Simplifying the platform for all users, including those new to Web3, with integrations like the Rocca wallet.
- Auction Listings: Introducing an auction-style listing format to complement the existing "Buy It Now" option.
- Community-Driven Development: Listening to feature requests and building a platform that serves the core needs of its community.
