The Tech Stack
Last updated
Last updated
🚀 AuctionX: Technology Stack & Infrastructure
AuctionX is built on a scalable, decentralized, and high-performance architecture optimized for real-time auctions on the blockchain. By leveraging Ethereum Layer 2 scaling solutions, smart contracts, and decentralized storage, AuctionX ensures trustless, low-cost, and high-speed auctions for digital and real-world assets.
AuctionX is a decentralized application (dApp) based on the BASE Blockchain – as provided by CoinBase; and will eventually be floated on multiple blockchains, namely Solana, Ethereum, Tron, Polygon, and Binance Smart Chain, making it a multichain dApp. Multichain support reduces dependency on a single chain, brings in interoperatibility + increases liquidity.
AuctionX runs on Ethereum's Layer 2 BASE chain, providing fast, low-cost transactions while maintaining Ethereum’s security.
Optimizations:
Lower Gas Fees – BASE drastically reduces transaction costs compared to Ethereum L1.
High Throughput – Supports thousands of bids per second.
Finality & Security – Transactions inherit Ethereum’s immutability and trustless execution.
💡 Why BASE? → BASE combines the security of Ethereum with the speed of Layer 2 rollups, making it the ideal choice for high-frequency auction transactions.
AuctionX utilizes Ethereum smart contracts to automate auction execution, ensuring transparency and security.
✔ Bid Validation – Only valid bids are accepted; fake/spam bids are rejected automatically. ✔ Payment Escrow – Funds are locked in a smart contract until auction completion. ✔ Auto-Settlement – Winning bids trigger instant asset transfers with no human intervention. ✔ Anti-Sniping Mechanism – Smart contracts can extend auction timers to prevent last-second sniping.
💡 Security Measures:
All smart contracts are audited for vulnerabilities before deployment.
Upgradeable architecture allows future enhancements without disrupting auctions.
AuctionX employs a real-time Web3 bidding engine to ensure a smooth and responsive user experience.
🚀 Tech Stack:
Phaser.js (for frontend game-like bidding experience)
Colyseus (WebSockets for real-time multiplayer)
GraphQL & Subgraph Indexing (for fast auction data queries)
Node + React : For admin panel
🔹 How It Works:
Users place bids → WebSocket sends data to the auction smart contract.
The bid is validated and confirmed in milliseconds via Layer 2.
The leaderboard updates instantly, ensuring seamless real-time competition.
💡 Why WebSockets? → Unlike traditional polling, WebSockets enable instant updates without delay.
To ensure data permanence and censorship resistance, AuctionX uses:
✔ IPFS (InterPlanetary File System) – Decentralized storage for auction images & metadata. ✔ Arweave (Permaweb) – Permanent record of past auctions for verifiable history. ✔ On-Chain Metadata Hashing – Ensures that auction details cannot be tampered with.
💡 Why Not Centralized Servers? → Web2 auction platforms rely on centralized databases, making data vulnerable to tampering. AuctionX ensures immutable, decentralized storage for all auction data.
AuctionX is designed for seamless, multi-chain payment support.
✔ Native Wallet Support: MetaMask, Rainbow, Coinbase Wallet, WalletConnect and more. ✔ Multi-Asset Payments: Users can bid with ETH, stablecoins (USDC, USDT), or platform token - $AuX. ✔ Cross-Chain Support (Future Roadmap): Support for Polygon, Solana, Binance and Tron.
💡 Why Multi-Asset Bidding? → Broadens user participation and removes friction for crypto users.
AuctionX leverages machine learning & AI models to enhance auction security and efficiency.
✔ Bid Anomaly Detection – Detects and blocks bot-driven, fake, or wash trading bids. ✔ Price Prediction Models – Helps sellers set optimal reserve prices based on historical trends. ✔ User Reputation Scoring – AI-based scoring system to prevent bad actors from gaming auctions.
💡 Why AI? → Reduces fraud, enhances bidding fairness, and optimizes auction outcomes.
🔹 ZK-Rollup Auctions – Privacy-focused auctions using Zero-Knowledge Proofs (ZKPs). 🔹 Cross-Chain Bidding – Support for auctions across multiple chains (Ethereum, Solana, Tron). 🔹 AuctionX DAO Governance – Decentralized voting for protocol upgrades & fee adjustments. 🔹 RWA Tokenization – Smart contract-based auctions for tokenized real-world assets (art, real estate, luxury goods).
✅ Ethereum L2 Scaling (BASE) → Fast, low-cost auctions. ✅ Smart Contracts → Fully trustless, no intermediaries. ✅ Web3 Real-Time Bidding Engine → Instant bid updates via WebSockets. ✅ Decentralized Storage → Auction data on IPFS & Arweave, not centralized servers. ✅ AI-Powered Fraud Prevention → Secure & fair bidding experience. ✅ Cross-Chain & Multi-Asset Support → Broad accessibility for global users.
AuctionX is not just a marketplace—it’s a fully decentralized, AI-optimized, and blockchain-powered auction ecosystem.
