Implement Redis caching strategy

[MissBlue00]

Task

Implement Redis caching strategy for improved performance.

Details

• Add Redis client configuration
• Implement cache decorators for expensive operations
• Cache transaction status lookups
• Add cache invalidation logic
• Path: packages/common/src/cache.ts

Test

Verify cache hits and misses in application logs.

[Swayymalcolm99]

@Swayymalcolm99 has applied to work on this issue as part of the Stellar Wave Program's 3rd wave.

I’m a strong fit for this task because I understand caching strategies and how to optimize performance using tools like Redis.
I have experience implementing efficient cache layers, handling invalidation, and improving response times in scalable systems.
I can design a reliable Redis caching strategy that enhances performance while maintaining data consistency.

ℹ️ Repo Maintainers: To accept this application, review their application or assign @Swayymalcolm99 to this issue.

[drips-wave]

Congratulations, @Swayymalcolm99! 🎉 Your application was accepted by the repo's maintainers, and the issue is due on March 30, 2026.

🧑‍💻 @Swayymalcolm99: Please resolve the issue such that the repo's maintainers have enough time to review your contribution before the due date. You'll earn Points for completing the issue on-time, which will make you eligible for a share of the Stellar Wave Program's reward pool.

Warning

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