Lotso Website Architecture

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Figure 4.1.1 - BTI Platform Architecture
Figure 4.1.1 - BTI Platform Architecture

1. Lotso Platform Frontend Development

1.1. HTML for Building the Basic Structure and Style of the Website

In the context of a WordPress-powered site, the frontend structure and styling are managed primarily through the theme's template files and functions.
1.1.1. WordPress Theme Header (header.php)
The header template (header.php) in WordPress defines the document type and head section. It includes the site's character encoding, viewport settings, dynamic title tag, and the wp_head() function to enqueue theme styles and scripts.
1.1.2. WordPress Navigation Menu
The navigation menu in WordPress is typically implemented using wp_nav_menu(), which dynamically generates a menu based on user-defined locations and settings in the WordPress admin area.
1.1.3. WordPress Main Content Area (index.php, page.php, single.php, etc.)
The main content area of a WordPress site is managed through various template files like index.php, page.php, single.php, etc. These files typically contain a loop that displays content dynamically based on the current query.
1.1.4. WordPress Footer (footer.php)
The footer (footer.php) often includes dynamic sidebars for widgets and the wp_footer() function, which is crucial for enqueuing additional scripts and performing necessary actions by WordPress plugins and themes.
1.1.5. WordPress Enqueued Scripts and Styles (functions.php)
In WordPress, JavaScript libraries and stylesheets are typically enqueued in the functions.php file of the theme using the wp_enqueue_script() and wp_enqueue_style() functions. This practice ensures proper loading and dependency management.
In this setup, the structure and styling of the Lotso platform's frontend are managed within the context of WordPress, ensuring seamless integration with the CMS's functionality and features.

1.2. Frontend Framework

In the development of the Lotso platform's frontend, a bespoke approach was adopted, centered around a custom-designed WordPress theme. This theme, uniquely crafted to meet the specific needs of the virtual currency contract trading insurance platform, serves as the cornerstone of the site's design and functionality.
1.2.1. Custom Theme Development
The process began with the meticulous development of a custom WordPress theme. This theme was designed from the ground up to embody the unique brand identity of the Lotso platform, ensuring a distinctive and cohesive user experience. This tailored approach allowed for greater control over both aesthetics and functionality, setting the foundation for a highly customized and intuitive user interface.
1.2.2. Theme Customization and Brand Integration
Once the custom theme was established, it was further refined to align seamlessly with the platform's branding. Key elements such as color schemes, typography, and layout were tailored to resonate with the brand's ethos and visual identity. This customization extended beyond mere aesthetics, encompassing functional elements that directly cater to the platform's operational needs.
1.2.3. Specialized Template Creation
To accommodate the varied content and interaction requirements of the platform, specialized templates were created within the custom theme. These templates were designed to deliver content in an engaging and user-friendly manner, tailored to the different types of information and services offered by the platform, such as detailed insurance product descriptions, trading tools, and customer support resources.
1.2.4. Navigation Structure and User Journey
The custom theme facilitated the development of a well-structured navigation system, designed to guide users effortlessly through the site. This structure was instrumental in creating a coherent and intuitive user journey, enhancing the overall usability of the platform.
1.2.5. Enhanced Styling and Interactive Elements
With the flexibility afforded by a custom theme, enhanced styling and interactive elements were integrated to elevate the user experience. This included animations, interactive widgets, and custom graphics, all harmoniously blended into the site's design to create a dynamic and engaging interface.
1.2.6. Optimized Performance and Responsive Design
A key focus in the theme development was optimizing for performance and ensuring responsive design. The custom theme was built with a mobile-first approach, guaranteeing a seamless experience across all devices, and optimized for fast loading times, crucial for user engagement and search engine ranking.
1.2.7. Rigorous Testing and Refinement
The custom theme underwent extensive testing across various browsers and devices to ensure flawless functionality and appearance. This phase was crucial in identifying and rectifying any issues, ensuring the site's stability and reliability.
1.2.8. Deployment and Continuous Improvement
Upon completion and thorough testing, the custom-themed website was deployed. Post-launch, continuous monitoring and iterative improvements were implemented, ensuring the platform remains cutting-edge and responsive to user feedback and evolving market needs.
In essence, the Lotso platform's frontend, powered by a custom-designed WordPress theme, stands as a testament to the brand's commitment to providing a unique, efficient, and user-centric experience in the virtual currency contract trading insurance domain.

1.3. Responsive Design

In the context of WordPress, implementing responsive design for the Lotso platform's virtual currency contract trading insurance website involves a series of steps to ensure that the site is visually appealing and functional across all device types and screen sizes.
1.3.1. Utilizing a Responsive WordPress Theme
The foundation of responsive design in WordPress is the selection of a theme that is inherently responsive. This ensures that the basic layout and elements of the site adapt to different screen sizes from the outset.
1.3.2. Adaptive Layouts with Theme Customizer
Using the WordPress Theme Customizer, layouts can be adapted and fine-tuned. This includes adjusting margins, paddings, and other layout properties to ensure that they respond dynamically to various screen sizes.
1.3.3. Media Queries in Custom CSS
Incorporate custom CSS with media queries to apply specific styling rules for different screen sizes. This allows for more granular control over how elements appear and behave on various devices.
1.3.4. Responsive WordPress Widgets and Plugins
Leverage responsive WordPress widgets and plugins to ensure all components of the website, including sliders, forms, and other interactive elements, are mobile-friendly.
1.3.5. Testing Across Devices and Browsers
Conduct thorough testing of the website across a range of devices and browsers. This step is crucial to identify and rectify any issues that might affect the site’s performance or appearance on different platforms.
1.3.6. Optimize Images and Media for Responsiveness
Ensure that images and other media elements are optimized for responsiveness. This includes using appropriate file sizes, utilizing WordPress's built-in responsive image features, and applying CSS techniques to adjust images dynamically.
By following these steps, the Lotso platform ensures that its WordPress site offers an optimal viewing experience across all devices, enhancing accessibility and user engagement. Responsive design is not just about visual appeal but also about ensuring functionality and ease of use, regardless of how users access the site.

2. Lotso Platform Backend Development

2.1. Server Logic

In this section, we delve into the intricacies of developing the backend for the Lotso platform, particularly focusing on integrating and optimizing it within the WordPress environment. This approach capitalizes on WordPress's robust, flexible nature, offering an expansive array of plugins and themes, coupled with a user-friendly content management system. Our strategic decision to harness WordPress as our core backend framework allows for seamless scalability, advanced user management, and efficient implementation of complex functionalities such as e-commerce and data analytics.
2.1.1. Creating a WordPress Application
The foundation of the Lotso platform's backend is a WordPress application, chosen for its widespread use and extensive support community. The initial step involves setting up a WordPress site through a reliable hosting service, ensuring optimal compatibility and performance. Following installation, the site is customized using themes and plugins to align with the functional and aesthetic requirements of the platform.
2.1.2. Developing Custom Plugins
To address specific needs not met by existing plugins, we undertake the development of custom WordPress plugins. This process involves programming in PHP and utilizing WordPress's REST API for advanced data handling and user interactions. The development of these plugins is guided by stringent coding standards and best practices to ensure high performance and security.
2.1.3. Database Integration with WordPress
At the heart of our application lies the integration with WordPress's default MySQL database. This integration facilitates the management of custom data structures, particularly in handling insurance products and transaction records, while leveraging WordPress's robust database functions for efficient data storage and retrieval.
2.1.4. Security and Authentication in WordPress
Recognizing the paramount importance of security, the platform is fortified using WordPress's array of security features and specialized plugins. User authentication is managed through WordPress's comprehensive user management system, augmented with additional security measures such as two-factor authentication and single sign-on capabilities through plugin extensions.
2.1.5. Deployment on WordPress Hosting
Deployment is executed on a hosting service specializing in WordPress, ensuring an environment that is optimized for both performance and security. Our hosting strategy includes regular backups, proactive security scanning, and timely updates, safeguarding the platform against potential threats and ensuring uninterrupted service.
2.1.6. API Documentation and Testing
To guarantee the reliability and maintainability of the platform's backend, thorough documentation and testing of all APIs, especially those developed for custom plugins, are conducted. Tools such as Postman for API testing and Swagger for API documentation are employed, providing clarity and ease of use for future development and integration processes.

2.2. Database Technology

Within the WordPress framework, we have strategically designed a database schema that seamlessly integrates with the existing WordPress database structure while accommodating the specific data requirements of our platform.
2.2.1. User Table (wp_users)
The platform utilizes WordPress's native wp_users table for managing user data. To extend the user information capabilities, we employ WordPress's user metadata functions alongside custom tables, ensuring a comprehensive and flexible user data management system.
2.2.2. Insurance Products Table (Custom Insurance Products)
A custom table, specifically designed for insurance product data, is created within the WordPress database. This table is meticulously structured to store detailed information about each insurance product, catering to the unique aspects of our insurance offerings.
2.2.3. Transaction Records Table (Custom Transaction Records)
To record and manage the transaction history of our users, a dedicated table is established. This table is intricately linked with both the WordPress user table and the custom insurance products table, ensuring a cohesive and comprehensive record-keeping system.
The meticulous planning and execution of the Lotso platform's backend development within the WordPress ecosystem pave the way for a robust, scalable, and user-friendly platform, perfectly poised to meet the dynamic demands of virtual currency contract trading insurance.

2.3. API Development and Integration

The Lotso platform's integration with the Ethereum blockchain through the Infura API is a critical component in providing real-time data and transaction capabilities. The following description outlines the implementation details based on the provided code, highlighting key functionalities and their significance in the overall system.
2.3.1. Initialization and Configuration
The platform initializes a connection to the Ethereum blockchain using the Infura API. This is achieved by creating an instance of the Web3 object with Infura's Mainnet URL, ensuring a stable and secure connection to the Ethereum network. This setup is crucial for enabling real-time interactions with the blockchain, including querying balances and executing transactions.
2.3.2. Ethereum Address Validation
A significant feature of the implementation is the validation of Ethereum addresses. The system checks if a provided username (which is an Ethereum address) is in a valid format using web3.utils.isAddress. This validation is essential to ensure that the platform interacts with correctly formatted Ethereum addresses, thereby reducing errors and potential security risks in transactions.
2.3.3. Balance Retrieval
Upon validating the Ethereum address, the platform retrieves the balance of the address in both Ethereum (ETH) and Lotso tokens. This is performed through the web3.eth.getBalance function, which queries the Ethereum blockchain for the balance of the specified address. The balance is then converted from Wei to Ether for readability. Displaying both ETH and Lotso balances provides users with a comprehensive view of their holdings.
2.3.4. User Interaction and Dynamic Feedback
The implementation integrates key functionalities for enhanced user interaction and dynamic feedback:
  • User Feedback and Error Handling: The platform immediately communicates the results of Ethereum address validation and balance retrieval to the user. It displays success messages or error notifications, ensuring users are promptly informed about the status of their requests.
  • Updating User Status: Following validation, the system updates the user's status via an AJAX request to a server-side PHP script. This step ensures the user's information on the platform is in sync with the Ethereum address validation results.
  • Dynamic UI Updates: The platform employs dynamic UI changes, such as hiding certain elements following successful operations. A MutationObserver is used to track real-time changes in the user interface, ensuring the UI is responsive and reflects the current state of user interactions.
These integrated features emphasize real-time feedback, seamless user experience, and consistent data synchronization, making the Lotso platform robust and user-centric.

3. Lotso Platform Security Technologies

3.1. Encryption Technology

The Lotso platform has implemented a robust array of security measures to safeguard its virtual currency contract trading insurance platform:
3.1.1. Data Transmission Security
SSL/TLS encryption and strict HTTPS protocols are enforced to secure data during transmission, guarding against man-in-the-middle attacks and unauthorized data access.
3.1.2. Data Storage Encryption
Sensitive data, including user credentials and transaction details, are protected using advanced encryption standards like AES or RSA. Strong hash functions are employed for password storage.
3.1.3. Robust API Security
API interactions, particularly those with external services like Infura, are secured through encrypted connections. The platform opts for third-party services that prioritize strong encryption protocols.
3.1.4. Protected File Systems
File systems containing sensitive data are encrypted, along with all backups, ensuring comprehensive data protection across all storage environments.
3.1.5. Application Layer Safeguards
Application layer security includes validation and sanitization of user inputs to prevent injection attacks and measures against XSS, CSRF, and DDoS attacks.
3.1.6. Continuous Code Auditing
Regular code reviews and security audits are conducted to identify and rectify potential vulnerabilities, along with keeping libraries and dependencies updated.
Through these advanced and integrated security measures, the Lotso platform ensures a fortified defense against cyber threats, maintaining the integrity and reliability of its services.

3.2. Network Security Measures

The comprehensive network security measures implemented by the Lotso platform are aimed at protecting the platform and its user data, as well as effectively reducing potential risks. These measures include:
3.2.1. Layered Security Measures
Implement layered security in the network architecture, for example, by using a DMZ (Demilitarized Zone) to isolate the internal network and critical systems, and adopting a zero-trust network model to ensure each access is strictly authenticated and authorized.
3.2.2. Network Defense Mechanisms
Deploy network firewalls and Intrusion Detection and Prevention Systems (IDS/IPS) to monitor and control network data flow, as well as to detect and respond to suspicious activities and known attack patterns.
3.2.3. Endpoint Protection
Install antivirus software on servers and workstations and regularly update them, combined with continuous patch management to fix known security vulnerabilities.
3.2.4. Real-Time Network Monitoring and Log Management
Implement real-time network monitoring and log management, collect and analyze logs from networks, servers, and applications, and detect and investigate security events.
3.2.5. Application Security
Follow secure coding practices to reduce security vulnerabilities in applications, and deploy Web Application Firewalls (WAF) to protect websites and APIs from web attacks.
3.2.6. Disaster Recovery Plan
Regularly back up critical data and store it in secure locations, while formulating and testing disaster recovery plans to ensure quick recovery in the event of a security incident.
3.2.7. Integration of Cloudflare Technologies
To further enhance security, Cloudflare Zero Trust is used for secure dashboard panel access, and Cloudflare Turnstile is implemented to differentiate between bots and real users, adding an additional layer of security.
Through these comprehensive security measures, the Lotso platform not only significantly enhances its security but also effectively responds to the constantly evolving network threats and challenges, ensuring the long-term safety of the platform and its users.

4. User Interface of Lotso Compensation System

Figure 4.4.4 - User Interface and Experience

4.1. Dashboard Interface

  • Overview and Functionality: The Lotso platform's dashboard serves as the central hub for user interaction. It is meticulously designed to offer a comprehensive and intuitive view of the user's perpetual contract orders.
  • Integration with Wallets and Exchanges: Through the use of the Infura API, the dashboard seamlessly integrates with users' cryptocurrency wallets and their exchange accounts. This integration allows for real-time tracking and management of contracts directly from the dashboard.
  • User-Friendly Design: The interface is crafted for ease of use, with clear navigation, interactive elements, and visual indicators that provide at-a-glance insights into contract status and performance.

4.2. Insurance Process Flow

  1. Wallet and Exchange API Integration:
      • Users initiate their journey by securely linking their cryptocurrency wallets and exchange accounts to the platform.
      • This integration is critical for enabling direct interaction with contract orders and facilitating insurance processes.
  1. Order Selection and Risk Assessment:
      • The platform presents users with a risk index next to each contract order.
      • This index is calculated using advanced algorithms, providing users with an immediate understanding of the risk associated with each order.
  1. Insurance Application:
      • Upon selecting an order, users can apply for insurance.
      • This action triggers an automated risk audit, leveraging the platform’s algorithms to assess the viability and risk level of the insurance application.
  1. Policy Customization:
      • Users are then able to customize their insurance policy, choosing the type (BTI, USDT, or ETH) and the amount of insurance.
      • Opting to insure with Lotso tokens provides the added benefit of a platform-specific discount.
  1. Confirmation and Activation:
      • The platform calculates and presents an estimated maximum compensation amount based on the chosen policy.
      • Users review and confirm this amount to activate their insurance policy.

4.3. Compensation Mechanism

  1. Automated Liquidation Response and Compensation:
      • In the event of an order's liquidation, the platform automatically calculates the compensation due to the user.
      • This calculation is based on a predetermined percentage of the total order value, factoring in the specific terms of the user’s insurance policy.
  1. On-Chain Data Accessibility:
      • Users can access detailed on-chain data regarding their compensation.
      • This feature ensures transparency in the compensation process, allowing users to view the blockchain-based calculations and transactions that led to their compensation payout.

5. Infrastructure of Lotso Cloud Service Platform

Lotso platform comprehensively considered various factors when constructing the cloud service platform and selected AWS as the cloud service provider. Below are the key measures in cloud architecture design and management:
5.1. High Availability Design
Use multiple availability zones to ensure service continuity, making sure that services will not be interrupted in the event of a failure in any one region.
5.2. Auto-scaling Strategy
Implement an auto-scaling strategy to cope with traffic fluctuations, ensuring resources are automatically increased during high demand.
5.3. Integration of Security Components
The architecture includes network firewalls, intrusion detection systems, and data encryption among other security components to protect cloud resources from threats.
5.4. Load Balancers
Use load balancers to effectively distribute network traffic, ensuring stable and efficient service.
5.5. Cloud Resource Configuration
Create and configure virtual machines or containers as needed, set up database services, configure object storage and/or block storage, as well as virtual private clouds and subnets.
5.6. Application Deployment
Deploy backend and frontend code in the cloud environment, automate the deployment process using CI/CD pipelines, and manage configurations with tools like Ansible and Terraform.
5.7. Security Measures
Configure users, roles, and permissions with IAM services, implement data transfer and static data encryption, and monitor security events with cloud monitoring tools.
5.8. Integration of Third-Party Services
Configure data backup strategies and test the recovery process to ensure data security and recoverability.
5.9. Monitoring and Logging
Monitor application performance using cloud monitoring tools, collect and analyze logs to promptly discover and resolve issues.
5.10. Cost Management
Regularly review the usage and cost of cloud resources, optimize resource configurations to reduce expenses, and choose suitable service plans.
5.11. Load Testing and Optimization
Conduct load testing to verify the system's performance and reliability, and optimize architecture and configurations based on test results and actual operational data.
Through these comprehensive measures, the Lotso platform has established a secure and efficient cloud service environment on AWS’s cloud services.
Lotso Insurance ImplementationMilestone