The undeniably ingenious invention of the era is Blockchain. This technology is continuously taking over the business world.
Earlier it is considered to be confined to Bitcoin and other cryptocurrencies are just the tip of the iceberg.
By enabling digital information to be distributed but not copied, the blockchain technology created the backbone of a new type of Internet.
It is often touted as the new Internet and it has built-in robustness. It stores blocks of information that are identical across its network. The best attribute of this technology is that it cannot be controlled by any single entity and has no single point of failure.
Blockchain opened new doors of opportunities and profit for the entrepreneurs and established brands. After ruling in some unexpected industries such as sports, logistics and many more it is moving forward in the mobile app economy.
There is no doubt in saying that the mobile economy is virtually unstoppable as we can see the statistics that it will reach $6.3 trillion by 2021. The question is whether the technology has the potential to influence mobile app development space to ponder over.
Let’s dive in to find out how this futuristic technology is going to be benefitted.
Smart contracts will help in exchanging property, money, shares or anything of value in a transparent, problem-free way as well as it eliminates the need for a middle person.
The website blockchain technologies see smart contracts mingling into a hybrid paper and digital content where contracts are verified through blockchain and confirmed by physical copy.
Since the blocks are capable of recording their ownership, values, and timestamp it will reduce the possibility of data manipulation.
It has a peer-to-peer architecture, which supports the concept of smart contracts between businesses and their customers.
Let’s take an example, software companies also have some rules and procedures when they sign a project with the client such as NDA between the company and the client. This will make everything sorted, smart contracts are just like the legal agreements but they are digital and virtually available in which everything is transparent.
As mobile applications will be developed to facilitate validation of transactions, smart contracts will become highly secure and cost-effective in comparison to real-world procedures. This will be only achieved by applying Blockchain App Development as the smart contract is totally based on Blockchain technology.
The Blockchain is a distributed ledger which records everything in such a way that the information is easily tracked by its users. This characteristic makes it impossible to falsify information or to create any fake transactions.
This removes the risk of trusting each other as this issue will be taken care of with an immutable record as a blockchain ledger, everything is clear so that you can see each precise detail involved in the process.
As well as the storage of data can be verified, tracked and secured all at once. The blockchain expands as more entries are made to the ledger so that you can add more data. The system has full authority and also a very strong check and balance system.
Blockchain App Development Services also introduce you to the encryption power of this technology. It is next to impossible to decrypt without any decryption key by anyone to fool the system. This accommodates it to any system that requires giving access to various users but also needs verification of information.
As the mobile development advance and blockchain technology matures the merger of this technology will become widespread. It will provide a new definition to the privacy with the ease of use.
The current scenario of app approval is entirely controlled by the two dominant app stores that are Google’s Play Store and Apple’s App Store.
These app stores are leading with 3.8 million apps in the Play Store and 2 million apps in the App Store. They decide which app will be published on their store and which will not on the basis of their quality assurance test process and distribution policies.
But the process of approval is not transparent and leaves the developers with an exclamation mark in their mind. This makes the task clumsy and time-consuming but also increases the confusion among mobile app developers in case of app denial.
On the other side, the less transparent process also increases the risk of the distribution of malicious apps by the users and leads to lesser security in the app market.
The introduction of blockchain technology into the process can make this process transparent through a reputation system for the developers. This system will directly be linked to the transactions on the public ledger and will be available for validation all the time.
Other than this with the help of Blockchain Application Development Services, various means will be employed to verify the identity of the mobile app developers.
It will also enhance the ranking system used by the users and will build up the trust of the users.
In a recent surveys report by We are social and Hootsuite unveils that there are 4 billion around the globe using the Internet. This means that now more than half of the population is online.
Though only 2 million mobile users have access to the payment solutions for in-app purchases. Besides this, the traditional in-app process allows the user to pay to the app store, deals with the banks, fraud cases and many more. After all these intermediaries the payment comes to the developer from the app store with a hell lot of hassle.
As a result, neither the developers are able to get the best nor the end-user is able to enjoy the perks of in-app purchases.
Here comes the superpower of Blockchain technology as a blessing. It enables mobile users to use and spent their reward coins in the absence of credit card and other payment methods. With this, it will also eliminate the middle person and will empower developers to get 85% value.
The buzzword blockchain still leaves people amazed at the actual use and function of it. So let me tell you precisely what it actually is, it’s really easy to understand how blockchain development functions when you fantasize it as a ledger. The reality is that blockchain is just a digital ledger that is powered by a friendly computer network that allows sending and parsing data simultaneously.
The best part is if one person changes the information that change is transmitted to the other machines on the network that holds the same ledger. This systematic approach makes it adaptable and mobile technology needs such an approach.
Most systems use a client and server-side system, in this case of mobile networks the phone and mobile app act as a client and a central server distributes data on the request.
Millions of users and channels try to get the data wirelessly which makes the mobile networks stressed and causes some information to be lost. With the help of blockchain, mobile app development companies can implement it to get more advanced storage and data streaming.
Now, it is perfect to state that Blockchain will redefine the mobile app economy and offer the possibilities to the mobile app developers as well as the users that they have been waiting for years. Ease of use and access without the need for extra resources is too fascinating. If you are looking for a perfect solution for your app, we have your back. We blend blockchain in a way that it will reshape your business.
We are transforming the way you do business. Our innovative engineers build software solutions that are resilient and scalable to the changes that any market-leading business would face. Whatever be your need, to make a strong strategy or to design a groundbreaking user experience we have your back.
Being one of the Blockchain App Development Company, Auxano Global Services render solutions for Blockchain-as-a-service, Open source Blockchain, Blockchain Application Development, Mobile Wallets, ICO and more to help you enhance your businesses by blending best available technology.
Aakash Soni is the operational head at Auxano Global Services, a leading mobile app development company headquartered in India. His insightful approach and futuristic vision are proven to be fruitful for the clients. Aakash is also known for his energy, which brings motivation for the team and the clients.
With a vast experience in Sales, he has established himself as a highly focused product strategist, and even he mastered the mechanism of advanced technologies to help businesses. Bring value addition to your business now, hire dedicated app developers, and see your business thrive.
People around the world are investing billions of dollars in cryptocurrency every year. It can be said that the market capitalization of digital currencies is only bound to increase in the future. That leads to the question – how does one trade cryptocurrencies?
The answer is simple, anyone looking to trade in cryptocurrencies needs to sign up with a crypto exchange. A crypto exchange is a platform where users trade cryptocurrencies for other assets, such as fiat money or other digital currencies.
Currently, there are three types of exchanges: Centralized exchange (CEXs), a decentralized exchange (DEXs), and a new innovative platform, Hybrid exchange.
Each exchange comes with its unique business model and features that might or might not serve your business requirements. So which exchange fulfills your needs? Although there is no definite winner in the race, a trader can analyze the advantages and disadvantages of these exchanges to make a more informed decision.
So, let’s learn about different kinds of exchanges functioning in the crypto market today:
Today, most people around the world trade digital currencies on a centralized exchange because they appreciate its simple interface.
The technology behind the model is easy to understand; the exchange’s ledger updates its internal database regarding who owns what at different points in time. The third-party in control of the server possesses all exchange data, transaction history, and funds of customers. Therefore, a centralized exchange platform enables high liquidity, fast transactions, and streamlined user experience on the exchange. The speed and simplicity of a CEXs have led to a majority of traders adopting the platform over a decentralized exchange. The higher user base, in turn, has resulted in a much higher trading volume as well.
However, the problem with a central server model also resides in its simplicity. The central, third party server that holds KYC data of every user, becomes a single point of failure. For instance, if a hacker manages to corrupt the central server, he’ll come to possess the data of every user on the system. The obvious drawbacks in security and privacy are quite real; there have been hacks in the past that have caused substantial losses.
Those looking for a trustless and discrete experience prefer a decentralized exchange. A decentralized exchange does not have a central server. It does not hold the data of all its customers, which permits its users to have more control over their data. Every transaction on the network happens in a peer-to-peer manner, thus, eliminating the intermediary. It results in lower service charges than centralized exchanges. Moreover, it is a much safer alternative to traditional centralized exchanges as there is no single point of failure. To hack the network, a hacker must compromise the entire digital ledger to gain access to customer data. A decentralized exchange is much more secure and reliable than a centralized exchange.
Even though it is a much safer alternative, many users still prefer centralized exchanges, due to their easy accessibility. A beginner struggles to understand the complicated format of a DEX whereas an expert finds the lack of analytical tools frustrating. Above all, DEXs are slower than CEXs. Furthermore, DEXs don’t have as many trading pairs as CEXs. That means users incur extra costs of converting one crypto coin to another before they can trade them on a DEX. All these problems have led to lower user adoption, and consequently, a much lower trading volume compared to centralized exchanges.
Hybrid exchanges are a new type of crypto exchange; they intend to combine the best features of centralized and decentralized exchanges. A hybrid exchange is not only secure and reliable but it also provides analytical tools to experts and aficionados.
Due to its “hybrid” nature, a user enjoys the features of a CEX and a much more secure environment provided by DEXs.
Businesses stand to gain a lot from this innovative method of trading cryptocurrencies and assets. However, it is not well tested and developers need more time to streamline the experience for their clients. If you’re ready to invest in this type of exchange, make sure you’re patient, because the potential benefits outweigh the negatives.
The idea is new but holds immense potential if the developer can come up with customized solutions for your business.
As explained, each option has its pros and cons. It’s ultimately up to the client to determine what works best for them. To make an informed decision, one should first ascertain what is the primary concerns of potential customers? Security, speed or privacy? We, at Oodles, can help you with this complicated decision and guide your business to success.
We are a blockchain development company that also has expertise in providing cryptocurrency exchange development services. Contact us now for hassle-free exchange development solutions and start your cryptocurrency exchange business today.
Every crypto enthusiast would want to know about the latest trends before investing in a new cryptocurrency or becoming a part of a blockchain project. This is also particularly important when you’re looking to start your own business in the crypto space.
Having a good idea of what works and what doesn’t in the cryptocurrency industry will enable you to properly evaluate your options before proceeding.
Times have changed a lot since cryptocurrencies were first introduced about a decade back. Now, every major and minor finance/technology company wants to leverage cryptocurrencies for its own benefit. If you’re trying the same, here are the top 7 Cryptocurrency Trends you should look into.
Security tokens are cryptocurrencies that are regulated. Now, cryptocurrencies, by nature, cannot be regulated, i.e., designed to be controlled by a centralized authority. However, in order for cryptocurrencies to work as digital securities, they must be regulated under certain areas. This not only protects the interest of investors but also makes security tokens more trustworthy digital currencies.
Cryptocurrencies are playing a big role in the advancement of the automation of many processes, especially in the finance space. Companies looking to make their systems ready to track crypto movements and take decisions accordingly need to employ advanced automated tools that are faster than static systems. To keep up with the high level of development in the crypto industry, new and automated systems and services will be used.
As already predicted by many expert investors in their articles, in 2020 and beyond, people will be looking to invest in altcoins that offer actual, real value to the audience. Besides digital payments, there are multiple industries where cryptocurrencies can find their usage. Projects like Titan coin are, in fact, proving this with its highly secure and faster payment system coupled with a number of futuristic smart apps to be used in day-to-day lives.
The use of automated robots, AI and machine learning has increased exponentially in the investment and finance sectors. The coming years will see a further rise in this trend, as more consumers will be using AI and machine learning systems, instead of real accountants, for performing day-to-day accounting activities as well as managing and making crypto investments. We might even see a boost in the number of crypto/blockchain projects utilizing AI.
As more and more people start understanding the importance of cryptocurrencies, the companies are focusing on creating and releasing more educational resources to teach potential investors about cryptocurrencies and blockchain technology to bring them on board, encouraging them to invest in their crypto projects. With resources like online seminars, tutorials and certifications being readily available, it is now easier than ever for individuals to learn about cryptocurrencies.
With SEC and other financial institutions looking for ways to make crypto trading legal and somewhat regulated, we may just see more, new regulation standards granting investors with more powers to deal in cryptocurrencies. As the regulations related to the crypto industry become more agreeable, the demand for experts to handle organizations’ crypto operations will also increase.
Crypto volatility refers to the frequent fluctuation in the prices of a cryptocurrency. In 2017, we witnessed a high disruption in the prices of many cryptocurrencies, including Bitcoin. However, since then, the prices have somewhat stabilized, as more companies are exploring utilities of cryptocurrencies for payments, exchange and more. In 2020, we will see the rise of cryptos such as Titan coin, which are more stable price-wise.
In today’s world of business, you have to either be on the side of the product or the consumer. However, in the new world where the demand and supply are in excess, one of the most lucrative business ideas is to be the mediator between the demand and the supply.
Cryptocurrencies stand among the most innovative revolutions that have occurred in the field of finance and technology. There are different types of cryptocurrencies created day-in and day-out across multiple blockchains. These cryptocurrencies have a need to be traded to increase profits and to make the circulation and acceptance more dynamic.
To facilitate trade and transaction between cryptocurrencies, a robust cryptocurrency exchange is essential. You can create your own cryptocurrency platform using these steps!
A cryptocurrency exchange platform is a digital marketplace where users can sell cryptocurrencies that they possess at established exchange rates. Cryptocurrency exchanges operate as an intermediary between buyers and sellers.
Before you go on to the actual process, the idea and the concept are of vital importance. Preparing and planning are quite crucial because all the specifications that you will need have to be specified even before the project starts. The exchange platform should have the following characteristics
As a prescribed best practice, it is recommended that the entire ecosystem of the exchange is made of different modules. Each module should work independently. The interaction between the different modules should be managed by specific requests and should be hosted on different servers to balance the load. This will ensure that even if one of the modules is under attack, the others can function smoothly – taking care of just one server would be enough to get the exchange up and running again.
Given the fast-paced change in the world of cryptocurrencies, there are different types of exchanges. It is only upon your choice of the type of cryptocurrency exchange that the structure can be decided.
Direct trading platforms provide the tools for making immediate deals between the users. This type of exchange platform does not involve set market rate but depends on the rates set by the traders.
Brokerage platforms are the kind of sites that any person can use to buy currencies at the rate that is defined by an agent. The cryptocurrency agents are quite similar to foreign currency dealers in their functionality and profit-model.
Any exchange is subject to the laws of the jurisdiction. Therefore, it is important to seek legal counsel and understand regulatory requirements. Proper licensing will need to be obtained in all the jurisdictions that your company plans to operate at. Some exchanges operate without significant oversight of recognition and legality. There have been instances where cryptocurrencies have not been recognized by the Government. Whatever be the geographical location of exchange and the intensity of the regulatory requirements, it is important to adhere to the KYC (Know Your Customer) and AML (Anti-Money Laundering) norms.
Before the start of the project, it is a good practice to estimate the approximate cost involved. It is known that a bare minimum of 12BTC will be needed to develop and launch a cryptocurrency exchange. The cost includes but is not limited to technology, hosting legal advice, government registration, and marketing. While the whole of the cost might not be required in the beginning, assuring the availability of funds ensures that the project will not succumb in the midway.
Companies like Blockchain App Factory provide complete cryptocurrency exchange solutions charging a one-time fee without royalties or commissions. Buying a white label cryptocurrency exchange will also come in handy in the process of you launching the trading platform.
Liquidity is defined as the magnitude of the ease with which a currency or a cryptocurrency or an asset can be converted into tradable real-world cash. Liquidity for an exchange is the cornerstone to its success. If you don’t have a live order book with trading activity, there is a very good chance that potential customers think there is not enough demand on the exchange to sell their currency.
To circumvent this challenge, you can simulate activity on your exchange with dummy accounts within the new exchange. Another way to liquidity is to connect your exchange to an existing network of exchanges with a little cost. The magnitude of liquidity is directly proportional to the size of the network of exchanges.
You will have to consider a lot of factors like fee structure, lowest transaction rate, and processing fees before you choose your payment processor. There might also be differences when it comes to settlement time and compliances with the legal requirements. Be informed that your exchange is vulnerable to cybersecurity threats even through your payment processor!
Security is of paramount importance for any place where the money is invested. The exchanges that are created by Blockchain App Factory ensure top-notch security, so it is immune to most cybersecurity threats. With the dubious record of security breaches like Mt. Gox, security is one aspect that users will meticulously consider before trading with any exchange.
After the exchange has been built, and the contract with the payment processor has been set up, you have to ensure that the venture of the cryptocurrency exchange that you have created functions smoothly in its full range even at the beta level.
While the technology and the functionality parts are important, it is equally important to ensure that your exchange is marketed in the right spaces. Making use of crypto news outlets and the classical elements like email marketing, search marketing, and social media could give your exchange the much-needed wings in marketing.
This is one of the territories where most of the exchanges fail! A customer support desk that is diligent and attentive in satisfactorily resolving customer complaints should be in place to answer your customer queries 24/7. You can also consider implementing an existing helpdesk like Zen or Zoho.
What next? With a company like Blockchain App Factory, everything right from ideating your exchange to marketing your cryptocurrency exchange will be taken care of smoothly. Our white label cryptocurrency exchange scripts give you low-cost solutions for technology that is otherwise considered expensive. Just drop in your inquiries to us and we will take care to help you create and operate your own cryptocurrency exchange!
Titan coin is a digital payment currency, which has been created to provide a faster and more secure means for making payments globally. The coin can be used by anyone for sending/receiving digital money worldwide.
Titan coin is based on a new kind of blockchain technology which uses hybrid (PoS/PoW) consensus for the processing of transactions. New coins in the Titan blockchain are mined via Staking process.
People who are also interested in the trading of Titan coins can do so at any of the exchanges where the coin is listed. For this purpose, Titan coin (TTN) has already been added to the top exchange platforms.
Here are the top 7 Exchanges where you can buy/sell Titan coin now.
P2pb2b is one of the most used and probably the best crypto trading platforms, for many reasons. It is highly secure and keeps most of the coins in cold wallets for added protection. P2pb2b also works aggressively for the promotion of new and startups that have good potential. So, if you are looking to invest in a new coin, P2pb2b is probably the best exchange for the purpose. The platform is available in multiple languages and all the services are completely legal, so you can be assured that your money is in safe hands.
Trade your BTC for new Titan coins at https://p2pb2b.io/trade/TTN_BTC
Mercatox exchange is another great place to trade Titan coins. The tagline “One platform. So many possibilities.” says a lot about the quality and features of the exchange, and it is not far from the truth. With Mercatox, you can trade many digital and crypto-currencies. It supports multiple e-wallets, payment methods, margin trading, lending, peer-to-peer currency exchange and many other things that you’ll not find with any other exchange.
You can now trade Titan coin at Mercatox https://mercatox.com/exchange/TTN/BTC
Nova Exchange is one of the popular crypto exchange platforms. It supports over 300 digital assets which can be traded for each other. BTC, DOGE, LTC, TTN are some of the most popular coins being traded via the exchange.
Titan coin has been listed on the Nova Exchange to get exposure to a wide number of cryptocurrencies from all over the world, enabling investors to trade their coins for other, more profitable digital assets. Since Nova Exchange supports only high-potential coins, irrespective of value, Titan coin is expected to get good exposure here.
Trade Titan coin here: https://novaexchange.com/market/BTC_TTN/
SouthXchange is one of the best platforms for trading Titan coin for bitcoin and several other top cryptocurrencies. The exchange is known for features like fast and secure trading, low trading/withdrawal fee, real-time data updates, etc.
Another interesting thing is that SouthXchange is a mobile-friendly exchange, which means you can also trade Titan coin using your smartphone device on the go.
Enmanet is a modern digital asset exchange platform which was developed for global markets. Besides a simple yet streamlined listing approach, the exchange offers many features like instant trade execution, secure and multi-tier digital asset wallets, high-grade security mechanisms, and more.
With the mission to increase the worldwide adoption of cryptocurrencies, Enmanet platform excessively supports the listing of new, high-potential coins such as Titan coin.
You can trade Titan coin on the platform at https://www.enmanet.com/market/BTC-TTN
Crex24 is a rather new trading platform which is slowly rising to popularity. The best thing about this exchange is that you can trade both top currencies (like Bitcoin, ETH, LTC and more) as well as rare yet important coins like Titan coin here.
Some of the outstanding features of the Crex24 exchange platform include a simple and easy-to-use interface, real-time price updates, high-level data security, etc.
Trade TTN for BTC now: https://crex24.com/exchange/TTN-BTC
CoinExchange.io is a leading exchange platform for altcoins. The platform supports a large variety of cryptocurrencies. It is particularly beneficial for smaller and less popular currencies which are yet to make big in the market. Coin Exchange platform aims to provide a stable price market for beginners and expert crypto traders alike.
Apart from cryptocurrencies, the exchange is also likely to support multiple other digital assets.
Trade Titan coin at CoinExchage: https://www.coinexchange.io/market/TTN/BTC
Besides the ones mentioned above, you can also trade Titan Coin on various other platforms including ESCODEX, P2PB2B and Mercatox.
It is not the strongest of the species that survives, nor the most intelligent that survives. It is the one that is the most adaptable to change.
The law of evolution stated by Charles Darwin a couple of decades back still holds true in the case of businesses that are fighting in the blood-thirsty competition to survive, grow, and prosper. This is why, increasingly, the businesses are gravitating towards the adoption of innovative technologies to stay and thrive in the game.
With unprecedented innovations and amazing use cases of mobile, wearable, AR, VR, AI, IoT, and pretty more, if you think technology evolution has reached a saturation level. You are absolutely wrong. The not-so-old kid on the tech block- blockchain technology is ready to take the world by storm.
Blockchain technology is actually a decentralized ledger that’s made up of blocks (or nodes) that are securely linked with each other through the cryptographic link to form a chain. In a distributed ledger, each block on the chain is distributed but not copied, and immutable in nature, but can be shared with no central authority.
The ingenious invention that’s transforming the universe is originally brought to the world by the pseudonym, Satoshi Nakamoto which is underlying technology behind cryptocurrency (Bitcoin). Later, the tech has evolved into something bigger and now, it has become a backbone of the several cryptocurrencies such as Litecoin, Ethereum, Dash and Ripple, etc.
Cryptocurrency is a digital currency that’s used to execute the financial transactions securely due to cryptography. Security, no central authority, immunity to changes, no bank or government regulation or control, and no third-party involvement are the biggest allures of the cryptocurrency. That’s the reason it’s emerged as a great alternative form of payment to cash, credit cards, and checks.
The payment through cryptocurrency has certainly gained an upper hand in the world economy, but still not reliable and convenient in the age of mobile wallet app development. This need led the creation of cryptocurrency wallet app development which is a highly secure, convenient, and reliable option for the financial transactions.
The cryptocurrency wallet app shares a resemblance with the digital mobile wallets that enable transferring funds, making transactions, peer-to-peer sharing, and pretty more. This type of wallet use cryptocurrency like bitcoin as a digital currency to enable quick, easy, and secure financial transaction without having intermediaries in between. The smart contract securely validates the transaction between different parties based on the pre-defined set of conditions.
There are different types of cryptocurrency wallets such as mobile wallet, web wallet, a desktop wallet, and hardware wallet that works on the same concept but have different accessibility and utilities. These wallets are carving a distinctive niche in the market due to the easy access it provides to the users access the funds in the form of wallet app.
The cryptocurrency wallet app is an independent part of the blockchain’s public network where the information regarding every transaction is recorded, and reviewed and tracked by the user at any point of time. The app allows the user to turn the cryptocurrency into real paper money through QR code scanning that can be used for money transfer or shopping (Just in a few countries).
The wallet app can be created, locked, blocked, or deleted anytime without requiring any kind of user registration through a financial institution, or government. The cryptocurrencies can be sold through banks in a few nations. The peer-to-peer mechanism is also available that facilitates transparent and secure transactions.
Most of the cryptocurrencies have their own apps while some prefer the users to use third-party apps to send and receive cryptocurrency in a secured fashion. It indicates the wallet apps allow the users to interact with different blockchains while conducting a transaction in digital currency.
Either opening a bank account or creating a wallet app and conducting transactions require the users to visit the bank or financial institutions where the users are required to wait for some time and additional fees or charges is the part and parcel of the game. This is not the case with cryptocurrency as the user can create, setup and start using the wallet app in a matter of minutes with no additional questions to answer or fee to pay.
Additionally, there are some countries like Europe that allow users to buy anything using paper cryptocurrency with minimal charges involved. Therefore, with no broker or third-party involvement, the transaction becomes easy, inexpensive, and quick.
The cryptocurrency doesn’t play by rules because it’s not supported by national banks and not obliged to meet any nation’s regulation. Besides, maintaining and making transactions through cryptocurrency is not restricted by any of the state and bank presets, just the way they are imposed on national currency (bank monitors every transaction, impose high commission charges, restrict cash out on bank deposit or cash circulation, and more).
No government or bank has control over the cryptocurrency transactions that are done through wallets, which makes it decentralized.
It’s an international currency whose value remains same in every corner of the world, which means no matter where the users are, they can make transactions having one wallet with no issues of the current exchange rate. Moreover, trading or sending cryptocurrency abroad is as easier and faster as going to the neighborhood because there is no restriction on the transaction amount, no excessive commission for international transaction, and transactions can be accomplished in a couple of clicks.
The cryptocurrency wallet has gone the extra mile to keep the transactions secure. With cryptography linking, public and private keys to conduct transactions and record immutability, the wallet gets protected against different ways of scamming. The wallets also allow the users to store data offline through cold keeping that makes it impossible to hack the data through the internet. The users can keep all the cryptocurrencies cold and just transfer the amount to address that needs an internet connection, which makes the wallet robust secure to use.
Cryptocurrency wallets are owned by the user who has created the account and no third-party has control over them. They are absolutely anonymous and transparent as the user can make endless transactions without revealing the name, phone number, or other details. The users can track only the last transactions and stay unaware of what the receiver did with the cryptocurrency.
The several advantages and enormous potential of the cryptocurrency wallet clear up the air that soon people stop looking at this wallet as exotic and unusual. Simplicity, speed, and convenience are the key factors due to which wallet is gaining major attention and wider adoption across the globe. It’s expected to continue in the years to come.
In the developed nations, the hardware-powered cryptocurrency wallets, ATMs for cryptocurrencies, and POS terminals for cryptocurrency in the shop are already getting used and leading players are also joining the race. Moreover, the investors, billionaires, and even some governments supporting the cryptocurrency wallet initiative.
It’s a sign, the great hype created around cryptocurrency wallet and blockchain will not burst like a balloon, it’s here to stay as a powerful digital financial transaction tool.
Author – Bio
Shahid Mansuri Co-founded Peerbits, one of the leading mobile application development company USA, in 2011. His visionary leadership and flamboyant management style have yield fruitful results for the company. He believes in sharing his strong knowledge base with learned concentration on entrepreneurship and business.
The crypto stores initially pursued the task of creating a cryptocurrency that would not depend on a third party and possess the properties of cash currency in the electronic world: an instantaneous exchange of funds for a product or service. It is for this purpose that the blockchain technology was developed, which allowed rethinking the approach to solving problems in other areas.
The use of cryptocurrency as a payment instrument was the first use of blockchain technology and became widespread in the black and unregulated markets. The goal of the creators of the first digital currencies was achieved, but for the average consumer, this is not the preferred method. Blockchain is by its nature much more convenient for sellers than for buyers:
• The inability to cancel the transaction and get back the money for a defective product or service;
• The only thing that provides security and access to an electronic wallet is a private key, in case of loss of which funds are lost forever.
The blockchain technology allows you to create distributed applications on a basis, the code of which is executed on the machines of the network participants. The principle of operation of contracts is very simple.
This allows you to draw up contracts in the form of executable code that will be executed in any case: it is protected from human factors and violations of the rules. Errors in the development of an interpreter of smart contracts can be avoided using open source software.
Since the blockchain is essentially a distributed database, you can store any information in it, not just transaction records. This approach will ensure the reliability and availability of information for all network participants at any time. However, in systems of distributed data storage on the blockchain, data is encrypted and distributed between network nodes, which makes the process of changing data very slow and unreliable.
The principle of eliminating the control device between remote subscribers allows implementing a fair voting model based on the blockchain, where it is impossible to juggle the results.
The resulting distributed application can be used to manage the assets of not only the Ether currency but also any others.
It is important to understand when the blockchain is really necessary and not to try to use it absolutely in all areas. Although this desire is understandable – the technology itself is incredibly curious and carries great opportunities.
Many critics of the blockchain say that in 10 years of its existence, no one has come up with a killer app; an application that would conquer the market and become universally used. Perhaps such a system using only blockchain will never appear, but its own niche and narrow scope of application will definitely be found. You should meet with blockchain development companies to hire blockchain developers.
Many companies are interested in studying and developing blockchain technology. For example, in VMware, an entire research department was created that studies the impact of the blockchain on the field of financial technologies in general. They formed their unique vision, which is based on five points:
• Private distributed storage systems without using proof of work (PoW);
• High-speed data replication;
• The world of many blockchains; not a single network;
• Transaction support with cross-transaction capability;
• Built-in membership management;
We strongly recommend that you read the publications of VMware researchers to anyone who wants to learn more about the work of the blockchain and the future of this technology.
In addition, BlockChain on vSphere is a ready-made solution for users of VMware services which allows you to create your network in a few simple steps.
In 2015, the Linux Foundation group founded an umbrella open source software project for the blockchain and related tools – HyperLedger, which is designed to support the joint development of distributed registry technologies based on the blockchain.
The HyperLedger project also has its own research center, which accumulates the experience of many companies: from the consulting and financial sector to the IT giants.
NEO is an open blockchain for smart economy. The creators aim to develop an ecosystem of smart contracts based on their network.
At the core of NEO is a proof-of-ownership model which makes it possible to achieve up to 10,000 operations per second. NeoGPS cryptocurrency is used as a deposit, and NeoGas is used to pay transaction fees, which is created when new units are received and distributed among Neo owners.
NEO Developer Contest was held with a prize pool of $490,000 in partnership with Microsoft. Participants were invited to submit a prototype of the application using the capabilities of smart contracts NEO.
Separately, it is worth noting the presence of support for several programming languages (Java, Python, C#) which permits using blockchain capabilities in existing systems and not waste time learning a new language.
Based on Neo, private blockchain can be implemented. The creator of the network immediately gets 100 million Neo at his/her disposal and can use them as a currency for applications or other purposes. For maintenance and initial launch of the network, a minimum of 4 machines are required, which can be created in one private cloud.
These are some of the applications and the development that takes place on the blockchain technology. Businesses from different fields are integrating this technology into their daily activities to ease processes. You can hire a blockchain developer by contacting blockchain development companies.
Harnil Oza is a CEO of Hyperlink InfoSystem, a mobile app development company based in USA & India having a team of best app developers who deliver best mobile solutions mainly on Android and iOS platform and also listed as one of the top app development companies by leading research platform. He regularly contributes his knowledge on the leading blogging sites.
Starting an Initial Coin Offering (ICO) token sale might feel like a troublesome task to those who are just beginning in the crypto industry. But if you know just the right approach, you can save yourself a lot of money and time and make things quite smooth while starting and running an ICO.
With that purpose, we are today going to share a brief yet complete guide to starting the first ICO project.
But, first things first.
ICO, or Initial Coin Offering, is a new kind of fundraising method in which the issuing company sells a new cryptocurrency (token) in exchange for investors’ money, usually as a way to raise funds for a new project.
Here’s a step-by-step guide to starting and running a successful ICO token sale.
Start by telling people about your project. You simply cannot expect anyone to invest in your ICO unless you tell them everything about the project and convince how investing in it will profit them.
For this, you must have a very good idea of the project concept and the problem it is trying to solve. Then, you need to find a USP (Unique Selling Point) that makes your ICO better or different from the existing ICOs. Then, start telling about it by writing on your ICO website, writing in the whitepaper and sharing on social media and other places.
The more people know about your project, the more likely they are to become a part of it.
For instance, DAVX coin, which is a digital payment currency, is all about providing an alternative to bitcoin by making digital payments convenient and secure. By spreading the message all over the internet, social media, forums, etc. they are making sure that the investors know about the coin before investing in the ICO.
The project roadmap is also an important thing to include on your ICO website/whitepaper in order to give investors a clear idea of how the project will proceed, when and how you are planning to hold the ICO sale and what happens after that. So, make sure to craft a good and achievable roadmap for your project and convey the same to your targeted audiences.
While most of the novice investors may not ask for the technical specifications of the project before buying your tokens, a professional/experienced investor always will.
Technical specifications include the technical details of the project, including the blockchain type, implementation mechanism, token details, smart contract, mining process (if there is the mining of coins), etc. Make sure to explain everything in detail in your ICO whitepaper.
Smart Contract is a blockchain application that is created mainly for the purpose to work as a digital contract for the users of a blockchain network. Smart contracts are written in computer code and can be customized to validate any kind of digital transactions such as payments, contracts, ownership transfer, etc.
Every ICO which is powered by blockchain technology must have a smart contract to digitally and fairly process the investors’ money. The smart contract must be available to investors on request.
One of the major concerns of the investors of any new ICO is whether the project is even capable of giving a return on the investments. No investor will ever want to put their money in a project which does not have a proper revenue mechanism.
For instance, a digital currency will be used for payments as well as for trading on exchanges. So, the investors can earn profits by using or trading/holding the coin.
Similarly, the issuers of new ICOs must also have a clear and proper mechanism for revenue generation for the platform as well as for the project investors. Do explain the same in your project whitepaper.
If there is a lending program associated with the project, make sure to specify it in detail in the whitepaper. A lending program is where the issuing company allows token-holders to lend/borrow money in exchange for cryptocurrencies.
Other than the lending program, you may run other user-exclusive programs such as crypto exchange, in-wallet transfer, etc.
Also commonly known as Airdrop program, this involves paying a commission (usually in the form of tokens) to the people who bring investors to your ICO. An Airdrop program may also involve paying free tokens to those who help promote the ICO via several means such as social media, communities, etc.
If you are running an affiliate/airdrop program with your ICO, make sure to convey it properly with the potential audiences.
In order to get your ICO more popular and increase its reach to more and more people, you must mandatorily list it to various ICO listing sites such as ICOBench, CoinHills, ICOHolder, FoundICO, ICOBazaar, etc.
The ICO listing process on these sites is quite simple. You’ll have to provide the details of your ICO along with an option for potential investors to connect. Then, you can sit back and wait for investors to start pouring (depending on how good your project actually is).
Adding a news/blog section to your ICO website is another very promising way of creating engagement and converting traffic into sales. Keep your website’s news section up to date with the latest updates about the project, investment tips, ICO tips, etc. Add a comment section to your blog and always reply to user comments to further create engagement on your posts.
Last but not least, you should have a clear
vision for the future of your ICO project. Any investor who wants to invest in
your token/coin would first like to know about your future plans. You should be
able to convince them in a genuine way that the project will succeed in the
future and have great potential for the same.
The thing that I like the most about ICOs is that
anyone can start them. But that is also the thing that makes them dangerous, as
anyone (even a fraud person/company having no intent to develop anything
actually) can start an ICO. Investors are, therefore, becoming very careful
when investing in a new token or ICO. Make sure that you deliver a good ICO
experience with all the things mentioned here.
Libra is a cryptocurrency developed on blockchain technology. It is launched by the most popular social media giant Facebook. The main motto behind shaping Libra is to empower millions of unbanked and under banked people by giving them equal financial opportunities and to bring everyone on to a single financial platform.
Libra, will help you in faster and quicker transactions, one can experience the lightning transaction with minimal or no charges. You can sit in your home and transfer money to another person who is in the other part of the world. And to this, all you need is a mobile with data connectivity.
Libra is developed on Blockchain technology, it is a decentralized programmable database that helps in backing the more stable currency, that will have the capability to become the medium of exchange for transacting money to millions of people around the world.
Libra is an independent association, it is a non-profit organization running with a vision to provide basic financial infrastructure and global currency to emancipate millions of people. Libra Association is formed by the compilation of validator nodes, mostly they are academic entities, international corporations, and social impact partners.
The Libra Blockchain is an assigned system that supervises exchange and ownership of Libra. In the process of transacting Libra, there is a slight chance of attacks on the system and here Blockchain helps in defending attacks using LibraBFT.
A perfectly developed and secured software is a must to protect the Libra Blockchain. A new programming language called MOVE is used in Libra. It is a safe and reliable programming language for Libra Blockchain. It is a sensible bytecode language used to implement smart transactions and smart contracts.
Libra is definitely a game changer in the field of cryptocurrency as it is backed by a stable reserve, there is no need of worrying about the fluctuations in the value of the Libra.
Titan Coin has introduced only a few days ago and is already trading as one of the most trending coins of the year. It is one of the few coins which has been listed on popular sites like Coingecko and Coinmarketcap at such an early stage.
A lot of people are trading Titan Coin on multiple exchanges, including Escodex, SouthXchange, Nova Exchange, Enmanet, Crex24, etc. where the coin has been listed. There are many others who are still wondering whether they should buy this coin or not. We will try to answer that question here.
Titan Coin is an alternate coin (altcoin) which was created in order to provide users with a better, more secure and faster digital currency for making global payments and money transfers. Titan Coin enables its holders to send/receive digital money to or from anywhere in the world at any time.
The things that make Titan Coin different and better than most other digital coins out there are – its highly secure blockchain, fast transaction speed (instant transfer) and low transaction fee.
Titan Coin is backed by a next-gen blockchain technology, which uses hybrid PoW/PoS system for validating transactions. It also uses SHA 256+ Groestl dual algorithm system for ensuring the security of transactions passing through its blockchain. What makes this blockchain tech unique is its capability to perform instant transactions in a much more secure way.
Titan Coin uses a customized version of the SHA 256D security mechanism employed by the bitcoin blockchain. This provides more security and speed to the transactions.
The use of hybrid consensus in blockchain will be profitable for the miners of Titan coins, as less energy will be consumed in the mining of these coins. Moreover, the platform will award its long-term users and miners.
Being based on the blockchain technology, Titan Coin uses peer-to-peer transfer mechanism for transferring digital currencies without any centralized authority or third-party like a bank. Transactions in the blockchain are automatically verified by the associated nodes and securely stored in a distributed ledger. Since there is no centralized authority or middleman in Titan Coin transactions, the fee for sending/receiving money is very low. The hybrid validation mechanism further ensures that the transactions are deprived of any kind of fraud.
Titan Coin relies on a powerful and most advanced blockchain tech which has a block generation time of as low as 60 seconds. This means that the transactions on this blockchain are very fast and the payments are instant.
To store and use your Titan Coins, there are multi-cryptocurrency wallets available for different platforms, including web, mobile (Android, iOS), Windows, Linux, etc. Basically, you can store, use and manage your coins on any device and even on the cloud.
Other than that, Titan Coin has already been listed on multiple major crypto exchanges where you can trade it for popular cryptos such as Bitcoin, Litecoin and ETH. Need more reasons to support the Titan Project? Titan Coin is the most revolutionary coins of the year. Do visit the official project website to know more.