In this guide, I will share with you, how to list ERC-20 tokens on Binance the leading cryptocurrency exchange.
When you list your token on the Binance exchange, it will be counted as one of the leading cryptocurrencies in the market. A listed token on Binance can transform your project by helping you reach billions of prospective clients from across the globe.
Benefits of Listing on Binance Exchange
Biggest Exchange By Volume and Value: Biance conducted more than 1.4 million transactions per second worth millions of dollars. It makes it the largest exchange in the world by volume and value.
Absolute Ecosystem: Binance is the absolute ecosystem for crypto-based services that works globally.
Head of Developments: Binance regularly develops new products and services to promote crypto projects.
Binance Success Secret: Binance takes advice from reliable industry experts in many cases of exchange listing.
Coin Ideology also provides blockchain-related consultation to its customer to make their project successful in the market.
A Project Requirements To Be Listed on Binance Exchange
You need to have your fundamentals in place before the listing process:
Skilled Team – Your team should be experienced skilled and dedicated that make trust with potential clients.
Proven Technology – A project solid technology with the established platform is considered more reliable by Binance.
Fully functional Platform – A fully functional project is considered as a key essential for a cryptocurrency project by Binance.
Legal Consent – Your project should have all the necessary documents to make it compatible with the law. It makes your project more attractive to be listed on Binance.
Binance Exchange Listing Checklist
The preliminary checklist before proceeding.
A functional token and platform(except if it is a fresh launch)
A well-established team.
Dedicated time and personnel for the listing process.
Continued updates on the project to ensure viability and activity.
Ready team to implement necessary minor pre-listing changes to the project.
Required Information By Binance Exchange About The Project
Name of the project
Link to the asset page on the Binance Chain (If it is already present there)
Name and position of the person applying for the listing
On e sentence pitch about the project
The target is planned to be achieved through the project.
Team size and information about the name, role, and responsibilities of each core member. Information about the commitment in multiple projects and conflict of interest management.
Token information and Economics Required By Binance Exchange
Total supply of the token
Token name and symbol
Primary use case of the token.
Other places where the token can be used
Total supply of the token
Circulating supply of the token.
Breakdown of current token allocation
List of team wallets holding the token.
Lockups for holders of the token
Legal compliance in all operating jurisdictions tokens in other networks
Token migration timeline and mechanism
The exact timeline for opening swap/bridge to public and if ready. Evidence of it being ready for close to ready
Date of token allocation to the public if not really
If the token is listed on another exchange.
Fundraising and ICO Information
Was an ICO conducted, if yes, when?
Amount of funds raised in the ICO funds spent from the ICO till date and the reason that the funds were spent.
Runway required by the project to ship the final product.
The currency/coin/token in which the funds will be held
Coin storage and conversion policy. Is a flat conversion made only when spending is made?
Manner of disclosure of spending each month
Information about the place where funds are stored.
Information to be provided for the public.
Information about the Technology Development
The technological innovations of the project, if any
The location of the code repositories
Any products of UI demos that can be shared publicly. Additionally, if any of them were built by the community instead of being house.
Plans to release weekly progress updates in the forum.
Plan to host monthly or bi-monthly video ask me anything.
Required Information About Competitors
Current competitors:
Who is viewed a current competitors/peers?
Competitive advantage:
What is the competitive advantage of the current project in comparison with the competitors?
Are you looking for a complete guide on white label cryptocurrency exchange software?
Within a little over a decade of its inception, blockchain technology, and cryptocurrency has taken over the world by storm. The new technology and its most prominent manifestation have redefined a lot of traditional elements of data, transaction, and finance.
Although the innovation looks great on paper, the feasibility of cryptocurrency as a practical instrument of transaction seems uncertain at its best. The magnitude of aversion can be attributed to the extreme volatility of cryptocurrency against real-world values.
In spite of this dubious volatility, there is one segment of business that has managed to establish itself as something dependable and profitable in the crypto space. We are talking about the business of cryptocurrency exchanges.
As the name implies, a cryptocurrency exchange is a platform on which a buyer and a seller can interact with each other and exchange crypto assets at a predetermined price regulated by the dynamics of the market like demand and supply.
The volatility which was considered a bane to the crypto world has now become an object of bliss. The possibility of making money in the crypto space is no longer confined to people who know technology and people who have computers with high processing power. It has been opened up to analysts and investors who understand market flow and fluctuations.
Why is it a great business?
A cryptocurrency exchange is a lucrative business opportunity because of the multiple avenues of profit it provides. A cryptocurrency exchange can make money from the commissions it charges for every transaction, for listing new clients in an IEO, in advertising, and for providing liquidity benefits.
With these many advantages, and with multiple channels of making a profit, it is surely a great business idea for any crypto entrepreneur who is willing to explore this space.
Building a crypto exchange business
There are multiple channels of effort involved in setting up a cryptocurrency exchange business. One of the most daunting challenges is to build a proper cryptocurrency exchange software. More often than not, conventional wisdom would suggest that you go for building your own team or hiring a company that specializes in cryptocurrency exchange software development.
A white label solution is a product designed and developed by one company and is made available to be licensed or branded by another company. Even if it were to provide a specific service, a white label solution, in essence, becomes a product.
A white label cryptocurrency exchange solution is a crypto exchange that is made available off the shelf and is a welcome bliss for crypto entrepreneurs who intend to start a cryptocurrency exchange business.
Advantages of white label crypto exchange
A white label cryptocurrency exchange software brings with it a lot of advantages.
As we have seen earlier, the white label cryptocurrency exchange is ready to launch, and in most cases, can kickstart your business in less than a week.
It can help entrepreneurs who have business acumen but not technical expertise. The entire process of cryptocurrency exchange development is taken care of by the white label solution provider.
Since the product is perfected before it is available in the market, you can be assured that the white label exchange does not have any bugs that might interfere with the basic functionality of the exchange.
Needless to say, a white label cryptocurrency exchange saves a lot in terms of both time and money.
Most likely the crypto exchange solutions provide a wide scope of customizability, enabling you to garnish the tool with all the elements of your branding.
The features
Although the white label crypto exchange is readily available with all features Intact, it is good for any crypto entrepreneur to know the essential features.
A cryptocurrency exchange is, at its core, a financial business. Therefore, complying with the KYC/AML formalities is a must. Your white-label cryptocurrency exchange solution Should easily facilitate the verification process.
The exchange should support multiple cryptocurrency trading pairs. It is to be remembered that the first transaction begins with fiat currency. Therefore, the cryptocurrency exchange should be provided with a versatile payment gateway that can accept payments from multiple payment methods.
Another important feature of a cryptocurrency exchange is the cryptocurrency wallet. The wallet is a small software responsible for storing crypto assets. Your crypto exchange should have both hot and cold wallets that are, in that order, attached to the network and away from the network. Needless to say, the cold wallet provides better security than its hot counterpart.
Even if all the features are in place, it is the users who contribute to the revenue and the functioning of the entire cryptocurrency exchange. The user should be able to sign up for the services without any hassle. They should also be provided with a dashboard that will show a history of all the transactions.
Another important feature that might not be considered tangible is liquidity. Liquidity is the measure of the number of transactions that happen on the crypto exchange. It might not be possible for a new cryptocurrency exchange to showcase liquidity. They can consider simulating transactions by using artificial accounts within the exchange. Alternatively, they can also consider tying up with another exchange through an API to reap the benefits of that exchange.
Security
Security deserves some special attention when it comes to cryptocurrency exchanges. Dubiously and unfortunately, most of the security breaches in the crypto space have been on centralized cryptocurrency exchanges.
Simple security measures like HTTPS authentication, multi-factor login authentication on multiple devices, introducing an additional layer of security, and multi-signature wallets can go a long distance in enhancing the security of your cryptocurrency exchange.
The cryptocurrency exchange should also be protected against denial of service, cross-site request forgery, and server-side request forgery attacks. It is also recommended that an escrow system is in place, so funds are not lost in malicious transactions. The KYC/AML formalities also ensure that the profit generated from the exchange does not get siphoned into terrorist activities.
Conclusion
The profitability of the cryptocurrency exchange business has already been established. We also know that the white label solution is more practical, reliable, and fast.
If you are one of those aspiring crypto entrepreneurs, all you need to do to kickstart your cryptocurrency exchange business is to get in touch with the white label cryptocurrency exchange software development company.
They will take care to understand your business requirement and also provide you with a product customized according to your business needs.
It is equipped with features like two-factor authentication, auto denial of duplicate payments, decentralized trading, and an exclusive QR code scanner for the users.
Overall, multi currency wallets are universally compatible, non-custodial, easy to access, safe, and secure.
The Benefits offered by Multi Cryptocurrency Wallet Development
A user can access multiple types of digital currencies from a single wallet, and he need not maintain multiple wallets for storing different currencies which reduces complexity, saving time, and costs significantly. A spectrum of crypto coins and tokens will be available.
Every single session entered into by the user is automatically logged outpost the completion of the users’ activity. This ensures that the user’s funds and accounts are kept secure from hackers and phishers.
Inflation-free investment is ensured for the users due to the limited supply of the cryptocurrency. This guarantees greater returns than traditional investments.
The Cryptocurrencies of the users can be protected against software failure by having a backup in advance.
Real-time push notifications will be sent to the users whenever there is any change in the prices of the Cryptocurrencies in the market. This leads to better decision making by the users while initiating investments.
The risks of chargebacks are completely avoided as there is an auto rejection option in-built to prevent any duplicate payments made by the users.
API’s are integrated with the leading crypto exchanges in the market and users can either buy or sell their desired cryptos without the need to leave the platform.
It accepts multiple payment methods like bank transfers, wire transfers, debit cards, and credit cards.
Cross-platform compatibility is ensured as the multi cryptocurrency wallets can be used on Android, iOS, Windows, and Linux platforms. Secure and flexible infrastructure is created for seamless access from any device for the user.
Automatic conversion is ensured and the best rates are provided for converting the users’ cryptocurrencies into fiat currencies like USD, GBP, Euro, and AUD.
Users can monitor their activity on a real-time basis by keeping tabs on their current transactions being executed and can view their transaction history at a glance.
Geography-based KYC verification ensures that only an authenticated and legitimate user base uses the multi-cryptocurrency wallet ensuring legal transactions. This also fortifies the security of the user’s funds stored in the wallet.
OTC (Over counter trading) is also facilitated enabling direct and secure trading between different users with minimum latency.
Multi-signature support is rendered where the owner can assign two co-signers to approve a withdrawal request when the amount exceeds the limit set by the owner.
Biometric authentication through facial or fingerprint recognition ensures that the users are authenticated thoroughly every time they execute a legitimate transaction.
A 12-word mnemonic phrase is used to replace the private key for the management of the digital assets owned by the users. This ensures secure processing of transactions and also allows hassle-free wallet recovery in case the app is moved to another device or deleted by the user.
Types of Multi Cryptocurrency Wallet Development
Web wallets – They can be accessed by the users on their websites and the assets can be managed with the help of an interactive interface. It operates online and requires a strong internet connection.
Mobile wallets – With an increasing need for portability, mobile wallets can be easily used on your smartphones through an app. This ensures better accessibility. It supports QR code scanning by automatically scanning the wallet addresses of the users for faster payments.
Desktop wallet – It can be used via a desktop computer or a laptop. It provides a robust environment for storing your cryptos safely. No energy supply is required. It does not depend on any third-party servers for storage and manages it by allocating private keys for the users.
Hardware wallet – It is secure when compared to the other multi currency wallet development methods as it remains completely offline. It is easier to maintain and control than paper wallets and also handles forks better. Powerful security measures are present to store cryptos safely.
Hence, this is the right time to accelerate your organization’s growth by allocating resources for multi cryptocurrency wallet development. Get a customized white label solution that can be launched in the market in a short while.
Do you want to read more on blockchain and cryptocurrency? Check out these articles.
The first industrial revolution started in the 18th century marked by steam power, the second was marked by the invention of electricity, the third was the internet. What’s the fourth industrial revolution to you?
Industrial revolution 4.0 is characterized by the emergence of new technologies such as IoT (Internet of Things), Cloud Computing, Artificial Intelligence, 3D Printing, Automation, and several latest wireless technologies in the modern socio-economic era.
With the wide adoption of these technologies, another industrial revolution is looming termed as ‘Industrial Revolution 4.” These technologies, standalone, is as effective and cannot bring about huge changes. However, when used together, they can unleash great success for the technology world and one such combination is ‘Blockchain and AI.’
Blockchain and Artificial Intelligence
Today, Blockchain and Artificial Intelligence are recognized as modern technologies that have the potential to open new doors for businesses and improve the current business models and processes.
Blockchain development services are already playing a major role in disrupting industries as they can make the systems more transparent, secure, and by providing an advanced decentralized distributed ledger technology. It can store all kinds of data with great protection.
While Artificial Intelligence is used to optimize business processes and identify patterns to provide the best user experience. The combination of Blockchain and AI is part of the reason for the looming fourth industrial revolution.
As both these technologies are best to enact upon data, their coming together can take the data exploitation to a new level. The integration of AI into Blockchain or vice versa can enhance their functionality and boost their potential.
Here is a table comparing some of the key features and future requirements of blockchain and AI technology:
Feature/Requirement
Blockchain
AI
Data security
Decentralized and secure storage of data
Limited data security due to centralization
Data privacy
Strong data privacy protection
Limited data privacy due to centralization and data sharing
Data transparency
Transparent and verifiable data management
Limited data transparency due to centralized management
Automation
Automates complex processes and decision making
Automates data analysis and prediction
Scalability
Scalable to handle large amounts of data
Scalable to handle large amounts of data
Decentralization
Decentralized management of data and processes
Centralized management of data and processes
Future requirements
Decentralized and secure data management, improved scalability, and automation
Improved data privacy, transparency, and ethical AI development
Benefits of Integrating Block and Artificial Intelligence
Big data is the fuel of AI. It has also become the confluence between Blockchain and AI. Artificial Intelligence is always after the data, the more the data, the better the results. While Blockchain is the best technology to store the data with security.
As it is distributed ledger technology which means it is an unbreakable and perfect platform to secure AI data sets with security and data privacy. Large companies such as Google, Amazon, Apple, Facebook, that hold data of millions of people are also getting Blockchain development servicesto build blockchain-based AI systems to keep large data secured.
Here are some of the benefits of integrating Blockchain into AI systems:
1. You Data Remains Your Data
Many of the world’s largest companies such as Amazon, Google, Alibaba, and Baidu have centralized AI technology systems. When it comes to collecting and securing data, all these companies face the same issue: to establish trust among their cautious customers. There is one question: how to assure users that their data is secured, and AI hasn’t crossed bounds?
How feasible it would be if AI service providers could generate a forensic report and verify it by a third party to give you proof of how and when your personal data is stored and used by the industries. They can use your data only when you give them permission to do so.
A distributed ledger technology will serve as a digital rights management system enabling you to license your data under specific terms and conditions. Blockchain systems would act as a management system that would store all the proof contracts by which a business can use and access the data.
2. Decentralization and Data Security
By integrating Blockchain development services into your AI-systems, you can eliminate the needs of an intermediary. This distributed ledger technology makes the users in-charge of all the personal data. This, instead of different data sets held by different organizations, users will have a complete hold of their data and they will know when someone accesses or uses their data.
For example, in the eCommerce industry, customers would share their data with the sellers securely. No other third-party can have access to this data. Moreover, it is also beneficial for the medical industry as patients would be able to share all their data securely with their doctors.
This arrangement of individualized data control can form a data marketplace in the future. Companies will buy data sets from individuals instead of buying from third parties which is a violation of the user’s data protection policy.
3. Blockchain-based AI Systems for Data Sharing
Data storing and sharing is not only beneficial for the users but for AI companies as well. With Blockchain development servicesand Machine Learning, AI-based systems can develop themselves without the need for human programming. Blockchain-based AI systems can access more data, maximize data sharing by which organizations can build better models.
4. Smart and Quick Business Processes
The rise in the adoption of smart contracts has shown that businesses are showing interest in the combination of Blockchain and Artificial Intelligence. Smart contracts are like traditional contracts with policies, terms and conditions, and penalties but in the digital form.
Smart contracts are created using programming and all the actions are triggered instantly when all the conditions have been met.
Smart contacts that run on Blockchain are intact and neither party can manipulate the information. There is no need for intermarries and it is a quick and error-free process. An organization named Cortex used the efficiency of smart contracts in AL applications. Also, blockchain smart contracts are very transparent, can save all the data on the blockchain and users can retrieve them at any moment.
5. Resource Optimization
An exponential rise in energy consumption is a hurdle to the development and upscaling of Blockchain technology.
PoW or Proof of Work that is a Blockchain consensus mechanism includes a process of validation called mining. It requires special nodes known as miners used to solve cryptographic puzzles. The whole mechanism requires advanced machinery and computational power, and it consumes a lot of energy.
Nowadays, industries are focusing on using an alternative consensus mechanism PoS- Proof of Stake. This mechanism requires task handling and that’s where AI comes into the picture. Artificial Intelligence provides smarter alternatives for task handling and management.
6. Safe and Secure Data Distribution
Seamless management and security of large data sets are the main elements of AI-based systems. Currently, most of the AI-based models store data on centralized systems or clouds. In such a scenario, there is only a single point to access data which makes AI models more vulnerable to security threats.
Blockchain development services can provide ideal decentralized systems that will replace centralized data storage systems. With advanced Blockchain-based AI systems, you can store data on multiple that are being used globally and you can access them as well. This way, you’d be able to access diverse data sets useful for better learning of Artificial intelligence and Machine Learning Algorithms.
Data security becomes much more important when it comes to implementing AI applications in industries that contain sensitive data such as Fintech. For maximum data security, Blockchain development servicescan be used for cryptographic encryption to ensure unbreakable data security.
7. Personalization
Personalization has become important in the modern digital landscape. This is because customers have got a lot of options and they buy from a brand that gives them a more personalized user experience. To provide a great user experience, you need insights into what your customers want and how you can fulfill your needs. This is where the lethal combination of AI and Blockchain comes into the picture.
For example, when a customer has a problem with your services, the problems come to light owing to artificial intelligence. Your immediate and instant user’s problems will increase the customers’ interest in your services. If you integrate Blockchain to maintain the transactions and help users have a great shopping experience through a secured network. By using this more personalized approach, you can maximize customer satisfaction and boost loyalty.
8. Transparency
Transparency is an important element for AI frameworks. As the data sets grow and algorithms become smarter, AI decisions become complex. This makes the whole process complicated and reduces trust in the whole process.
This is where Blockchain helps you out. It stores all the transaction data in decentralized systems and helps the Artificial Intelligence experts to understand the algorithms to make more informed decisions that would help businesses to grow. It is important to build trust and to maximize the adoption of AI systems in the industry.
Conclusion
The first three revolutions changed the world and now the fourth revolution is all set to make our lives even better.
The fourth revolution includes technologies like Blockchain, Artificial Intelligence, and the Internet of Things and it is already here. Various industries have already started integrating these technologies to transform the way they do business.
The potential for Blockchain and Artificial Intelligence is high in the market. The USA, Malta, China is leading the way inBlockchain development services.
If industries start developing solutions by integrating both these technologies; Blockchain and Artificial Intelligence, they can maximize the system’s productivity without data manipulation. Moreover, these technologies, together, will also speed up the workflows and maximize your business growth.
A crypto specialist is not just someone who dabbles in cryptocurrencies. Instead, this person knows all the ins-and-outs of the industry and when and how to trade.
Most crypto experts will also have blockchain specialist training as it is essential to understand how to commerce securely in volatile markets.
Blockchain keeps data private and can help online apps, like Mr.Bet app, make payments secure. While many people get into online trading, few have the knowledge of how to make large sums of money.
Cryptocurrencies are growing businesses, and it often pays to be ahead of the game.
Alt-currency can also be highly lucrative for those who understand it, so if you want to make money online or specialize in alternative finance, it’s worth getting to grips with.
Our experts break down their top 5 tips to become a cryptocurrency specialist.
What Is a Crypto Specialist?
To start yourself off with alt-currency, you first need to understand what makes someone a specialist or an expert, as opposed to an amateur.
Grasping altcoin success means understanding trading and having the idea of how to buy and sell cryptocurrencies. Investment is a famously risky business, and people can lose fortunes by placing their stock in a bad venture only to see the market fall and their value plummet.
To avoid this, you need to know the worth of your product, and you need to be able to approximate this worth to trade successfully.
Trading also relies on a certain degree of insight or experience, which allows you to decide just the right moment to buy or sell your stock so that you don’t lose money.
You must be prepared to trade out if it looks like your stock is falling, rather than clinging to your investment and hoping for a miraculous recovery.
Someone who knows how to do these things gives the term crypto specialist meaning.
Essentially, while having a solid working knowledge of different altcoins is valuable, a crypto expert is also a skillful trader who understands how stock markets work.
What Is a Blockchain Specialist?
Blockchain and cryptocurrencies go hand in hand, and anyone who is seriously interested in becoming a blockchain specialist must be aware of that.
Blockchain was developed alongside bitcoin to serve as a secure database for managing this coin online.
A blockchain specialist understands both the components of blockchain: its function and many uses and applications it has in modern-day professions.
Blockchain knowledge is extremely useful if you want to mine, trade, or carry out transactions with cryptocurrency.
However, it is also beneficial for mainstream careers like sales, public sector, infrastructure positions, and customer service roles, which involve online data transfers or booking and purchasing capacity.
Blockchain specialist jobs are not limited to tech and IT industries alone – these skills will stand you in good stead across a vast range of professions.
Cryptocurrencies are cutting edge in this sense, and, although not mainstream yet, many large companies are looking to implement blockchain technology and develop independent finance in the near future.
How to Invest Wisely to Become a Crypto Specialist?
So, you understand the market, and you’re confident in your ability to hold your nerve during trading – what next?
How do you begin building your business to turn your cryptocurrency specialist knowledge into profit? Here’s what experts advise:
1. Vary Your Investments
Bitcoin was the first major cryptocurrency to experience substantial growth in a world market back in 2017. Although people made huge sums from their bitcoin investments, the market inevitably dipped, and many also lost money.
To decrease volatility in your stock portfolio, vary the coin that you invest in. Options like Stellar or Litecoin have experienced recent growth, and a diverse investment stops you from risking everything on one currency.
2. Read the White Papers
A firm’s white papers act as a manifesto for the ICO and give a full report of its previous success and the value that it provides within the market. Read the white papers before you invest in a new ICO, as a well-written, professional brief is a sign that this organization is legit.
Similarly, a badly written one is a big red flag. White papers should further indicate that your chosen ICO will provide a dynamic contribution to the market ecosystem; otherwise, it will likely fail.
3. Develop Blockchain Knowledge
Thorough knowledge of altcoin markets is part of the blockchain specialist job description for most crypto experts.
Increasing your understanding of how blockchain works will complement your investments, as you will develop a practical understanding of how these currencies work.
Using blockchain also allows you to operate securely without risk of cyberattacks or data breaches.
Blockchain encrypts your information in secure blocks, which only you can access with a passkey. Total security is a huge benefit for a small amount of extra knowledge.
4. Understand the Legal Stuff
To become cryptocurrency specialist and successfully make money mining or trading bitcoin or other altcoins, make sure you understand your legal responsibilities.
Talk with a lawyer who understands the limits of what is and is not permitted when it comes to alternative currencies.
If you’re generating income, you should also speak to a bitcoin tax specialist to find out how much you might be liable to pay in earning revenue.
5. Faucet Technique
Rather than trading on volatile markets, the crypto specialist faucet technique allows you to make a single investment go a long way.
Faucet method gets its name from a shower faucet as you let a small amount of your currency trickle out gradually.
Crypto Faucets can be set up via an app, enabling you to sell tiny sums frequently to generate an income stream.
Driven by web traffic, this method is a reliable, but sometimes time-consuming, alternative to trading.
Undoubtedly, crypto specialists are the future of financial speculation and markets. Proponents of cryptocurrencies believe that they will likely outstrip traditional coin and dominate stocks in the near future.
Implement our expert tips to stay ahead of the curve and build your future in crypto markets today.
Final Call
Do you make your money in cryptocurrencies? Do you prefer trading or investment? Which cryptocurrencies do you invest in? Share your tips in the comments!
Blockchain is the most dynamic invention of this modern era.
From the many technological advancements influencing the current business world, blockchain plays a significant role in transforming organizations into cognitive enterprises.
Blockchain enhances stakeholders’ interactions by optimizing them and making them more efficient.
Also, the technology enhances trust among the stakeholders by recording every transaction and making it immutable.
Even though many entrepreneurs have been approving of this ingenious technology, the mass adoption is yet to happen.
This is mainly because of the lack of extensive blockchain consulting services.
Like any other business, blockchain has its own share of highs and lows with crypto price volatility issues.
And because of the lack of proper understanding, people tend to believe that blockchain is not ready for mass adoption due to scalability and security issues.
To break this myth, people should gain an in-depth understanding of the technology.
Why is blockchain consulting important?
Here, in this blog, we are going to discuss the primary reasons and different use-cases for why blockchain consulting is important to drive revenue for your business. Let’s take a look.
Identifying solutions for stumbling blocks
As we discussed earlier, Blockchain has disrupted many industries and have transformed the way businesses function.
The technology has served as a solution for many organizations across various industries to solve their existing crisis and enhance their business.
This can be possible only with proper blockchain consulting that will help identify the existing issue, and give a clear idea of how blockchain can resolve such issues.
It is very important to attain such knowledge while experimenting with revolutionary technology such as blockchain.
Analyzing and keeping up with the market trends
We all are aware that we are living in a rapidly advancing technological era.
The market trends, and the business needs of the customers are constantly changing every now and again.
Availing yourself of a team of blockchain experts who will offer consulting services will help you obtain solutions according to the latest trends and make headway in the market over your existing competitors.
What solutions you gather from blockchain consultants,
Identifying if your blockchain business idea is relevant to implement and market-ready
Detailed analysis of existing competitors in the same domain and the solutions they offer to further improve your business.
Identifying target audience according to your business idea
Extensive market research
Crafting a business structure that best fit the expectations of the target audience
Figuring out the best use-cases
Blockchain is outspread across various industries and is slowly evolving into almost every major industry possible.
If you are simply intrigued by the idea of a blockchain business, but confused of which use-case it suits the best, opting for blockchain consulting services is the way to go.
Blockchain consulting experts will have clear knowledge of blockchain’s use-case in each industry and the benefits and solutions it could offer to the industry.
Also they would be well acquainted with use-cases with the best blockchain ROI impact.
This would help you make informed decisions, and get a few steps closer to success, and high-revenue chances for your business.
Comprehensive Guidance
By hiring a team of well-experienced blockchain consultants, you could avail comprehensive blockchain business solutions such as,
How to identify the right blockchain platform to commence your business.
How to handle the blockchain nodes and hosting services
Regarding the ownership of the blockchain network system
How to make transactions private
Which is the better option, permissioned or public blockchain?
These are the key benefits of why you should consider hiring blockchain consultants for your business and there are more to this.
Now to figure out the right team to partner with, below is a list of the mandatory blockchain consulting procedures you need to look for.
Procedures involved with blockchain consulting
Any trustable blockchain consulting services company should comprise of the following set of procedures,
Ideation
The team that you hire should understand the idea behind your blockchain project, analyze if the solution is suitable to the present market conditions and fit what the customers are looking for. The technical team should figure out the feasibility of the project and a robust plan to define your business goals.
Assessment
Once the goal is set, the team has to assess the state of technology for the project and compute the operational procedures.
Definition
The next step involves an exceeding amount of brainstorming, and defining the potential, loopholes involved in the business and how to overcome them, and the ways to further upgrade/ improve the business, not only for the present, but with a futuristic approach.
Prototype
Then, the company has to create a prototype of the project. The prototype should precisely represent how the end product will look. Any improvement should be analyzed and implemented to the prototype.
Volume Testing
Once the prototype is ready, and the necessary improvisations are made, it should be tested in live conditions.
Integration
Once the testing is complete, the blockchain application should be implemented into the new environment and should be closely monitored for any errors.
Review
Constant review of the performance of the application is necessary to further upgrade and improve to stay on top of the game over the wide-spread competitors.
Since last year, the concept of blockchain technology has widely influenced businesses more than ever, and has captured the public’s eye.
Experts believe that blockchain being implemented and disrupting various industries is just around the corner.
They say that blockchain has all the potential to become the future of businesses, and revolutionize the traditional systems.
With the rapidly-increasing demand for blockchain businesses, and the growing highly competitive scenario, you need to enter the market as quickly as possible, and gain some experience to survive and stand out from the crowd.
Therefore, conduct extensive research, choose the best, and the most experienced ICO consulting services company to grasp every insight regarding your project, to become a market player, get ahead and stay ahead of the competition.
Invest in etherium (ETH) in 2021 – This is the beginner’s guide to buying ETH coin using ACH, SEPA, wire transfer, etc at the best price to earn maximum profit.
If you are new to the cryptocurrency space and you are trying to find out more information about Ethereum, the blockchain, with its own cryptocurrency Ether (ETH) then you are at the right place.
After Bitcoin the world’s biggest and most well-known cryptocurrency there is a sea of other cryptos. This might be news to you. But in fact there are thousands of cryptocurrencies available (when checking at Coinmarketcap) for people like you and me to buy.
Yep that’s right, thousands and thousands of cryptocurrencies. But don’t worry I don’t suggest you should scroll down to the last page on Coinmarketcap.com to find the most obscure cryptocurrency out of them all.
Nope. I am talking about the second biggest cryptocurrency in the world. Namely ETH. After BTC there’s ETH. So it’s been for a long while. Well until Ripple with its cryptocurrency XRP came in between. But that’s in the past now.
So What is Ethereum?
Ethereum is a second-generation blockchain. That continues where Bitcoin started. If you with Bitcoins blockchain could bring cash and money into a working digital form.
Then with Ethereum you add some doses of smart technology that make it possible to not only create digital money, but a network of new products and services that operates online and fuelled by Ethereum and ETH.
Ethereum was founded with a core belief that a new era was upon us. Decentralised finance and technologies could replace current systems, in which we rely on 3rd parties to facilitate services and products and also taking a large cut for that facilitation work.
And instead through smart contracts and dApps (Decentralised Applications) we could replace the Ubers of the world with new initiatives. That would make it cheaper for the users and pay more to the drivers.
Nice idea right?
Well we are not there yet. We are merely scratching on the surface, but we are working on getting there.
How do you buy Ethereum?
Ok so if you are thinking about investing in the cryptocurrency of Ethereum, ETH. Then I thought I should share the steps of doing so and some useful tips to get you started in the right way.
The steps of buying Ether (ETH):
Buy ETH
Store ETH
Wait for ETH to rise in value
You can either (to buy the cryptocurrency and not a certificate) buy ETH with your credit card or debit card. Or by using a bank transfer. If you already have some other cryptocurrencies then you could use those to trade yourself some ETH.
You can also buy ETH from others via a p2p marketplace like LocalCryptos.
We will explain the steps for all methods here below
This is how you buy ETH with a credit card or debit card.
NOTE: The fees are often higher when buying a crypto with a card
First you need to find a website which sells ETH and accepts card payments.
A list of some are available here below:
Coinbase
Changelly
Bitpanda
Then you need to register an account with either of those three sites. You will probably need to complete some KYC to prove who you are and that the money is not coming from any illegal activities.
After that you enter your card details and the amount you want to buy for. With Changelly you will need to get an ETH wallet before you make the purchase. So if you need help getting an ETH wallet read this guide or check the step Get a ETH wallet below.
With Coinbase and Bitpand you can store ETH in your new account. But it is recommended to use a secure wallet that you own anyways. To limit the risks of getting hacked, etc.
To buy ETH with a bank transfer follow these steps
NOTE: You can save on fees when using a bank transfer but it takes 1-2 days to complete the transaction
First you need to use a site which accepts bank transfers and sells ETH (ACH, SEPA, wire transfer, etc)
Here are some good options of sites to use:
Coinbase
Kraken
Bitpanda
Similar to buying with a card you need to register an account. Then add your bank details and then make the transaction from your bank. And then wait for the funds to get into your account and then buy ETH.
After that you should send ETH to a secure wallet that you own.
And finally you can also buy ETH from a p2p marketplace site. The reason to use one of these can be to avoid KYC, and/or use other payment methods. Like cash payment, voucher, Skrill, PayPal, Neteller, Swish, etc.
We can recommend LocalCryptos, but there are other sites to.
This is how it works to use a p2p marketplace site:
First you register an account. Then you check for ETH being sold. Find any ads for ETH that you like, and with the right payment method. If there are none then you can create an ad yourself.
After you find some seller you will then agree on a price and amount to buy. And then you will deposit your funds (if not cash in person) and the funds will be held in escrow. After that when the seller sends in their ETHs you will get the ETH and the escrow service will release the funds to the seller.
Where to store ETH?
After buying ETH you need to find a good wallet. You can at some exchanges actually store your ETHs there. But it is definitely not recommended to leave cryptos at an exchange. Considering the amount of hacks and scams that have happened in this space (learn more).
So we suggest you avoid leaving them on an exchange and instead get yourself a good wallet.
There are many popular ETH wallets. Either you go with a secure hardware wallet like Ledger or Trezor (they cost). Or a free wallet like Atomic wallet, MyEtherWallet or MyCrypto.
Either way. Get a secure wallet and make a backup copy of the private keys. And never share them with anyone else!
That’s it! I hope this guide was helpful. And good luck with your Ethereum investment!
Considering the fact that cryptocurrencies can never be used for mainstream transactions, the only possible way to make a big profit from crypto assets is through cryptocurrency trading on exchanges.
However, most exchanges go against some of the most basic principles on which the entire technology backing crypto assets were built. The blockchain technology is designed to be decentralized, anonymous, immutable, and extremely secure.
A crypto exchange, however, compromises on all these values because a standard crypto exchange is typically centralized. One of the ways in which this disadvantage is being countered is through peer to peer exchange development.
A peer to peer crypto exchange effectively counters the challenges posed by centralization. It is run by software and not by a set of people. This is one of the biggest reasons the demand for p2P crypto exchange development is on the rise.
To understand the awesomeness of a peer-to-peer crypto exchange, it is important to find out how the standard exchange works and how a peer-to-peer exchange provides traders with a few advantages, both active and passive.
The functioning of a standard exchange
A standard crypto exchange is typically a centralized crypto exchange that enables trading of cryptocurrencies by specifying the amount and the price of the orders. The amount and the orders are placed on a common lecture that is known as an order book. The buyers visit these order books to look for orders that match their requirements.
The corollary of the same order process can be created from the buyer side as well. If the buyer is not able to find an order that matches their requirements, they can create their own buying orders that will be sought after by sellers.
Every exchange has a matching engine and is considered to be the heart and soul of any crypto exchange. The exchange uses a matching algorithm to match the buy and sell orders by using parameters such as prices, and they process the trade.
Centralized exchanges are relatively easy to use and have an intuitive user interface. The ease of use also attracts quite a lot of users/traders, and it enhances the liquidity – one of the biggest selling points for any exchange, literally and figuratively!
The disadvantages of the centralized exchange
One of the biggest disadvantages of a centralized exchange is that it consumes quite a lot of time, and in addition to that, it involves a lot of intermediaries. Any early crypto advocate would state with confidence that the number of intermediaries proportionally increases the cost of the process, and it holds completely true in case of a standard exchange.
In addition to acting as an intermediary facilitating the trade and transactions, the company also serves as an arbitrator to handle any disputes arising in the trade but for a fee.
Breaking in the decentralized exchange
A decentralized exchange, instead of acting like a Facebook group, acts more like a Tinder for crypto traders. It is quite understandable when said that P2P exchanges have completely transformed the entire process and perception of crypto exchanges.
Just like a standard exchange, a P2P also has a powerful matching engine. However, instead of matching orders in the order book, a peer-to-peer exchange essentially matches the crypto traders who make those orders.
Therefore, the exchange does not immediately process the trade. It only connects the buyers and sellers and enables them to directly contact the trade without involving any intermediaries. The absence of intermediaries eliminates the cost associated with them.
The peer-to-peer exchange utilizes a smart contract-based escrow solution to facilitate transactions between traders. Using the escrow method might not be essentially fast, but it keeps up the security of the transaction and ensures trust without imposing a huge cost to be paid for the intermediaries to ensure trust and security.
However, even if the intermediary costs are slashed, there will still be a third party involved to act as an arbitrator to resolve disputes between the buyer and the seller. However, since the buyer is directly connected with the seller and exchange does not have much to the trade, the possibilities of disputes are quite low. It is to be remembered that the arbitrator expense is not always mandatory.
The advantages brought about by a P2P exchange
A centralized financial system to the blockchain is what a standard exchange is to a decentralized exchange. They offer highly secure transactions with high resistance to transaction censorship. If developed, deployed, and realized properly, it is extremely cost-effective and private. Although centralized exchanges provide advantages like ease of use, faster transactions, and enhanced liquidity, it is extremely vulnerable to attacks.
Since peer to peer cryptocurrency exchanges does not rely on any third party or intermediary, they reach the core features of the blockchain like immutability and decentralization. Therefore, it enhances the privacy of your transaction and keeps the identity of users anonymous.
The uncompromising degree of decentralization ensures that there is no need for any intermediary and its associated costs. Therefore, the operation costs are almost close to 0, making P2P exchanges extremely cost-effective.
While the decentralized exchange does not miss out on the KYC details, it keeps them extremely secure within the blockchain database. This presents a fine confluence of two advantages – on one side, the authenticity of the counterparties is not compromised, and at the same time, the identity of the transacting parties is kept anonymous. This keeps the chances of fraud relatively nominal without any compromise on the anonymity.
Unlike centralized exchanges where the authority is confined to a few handfuls of people, it is a huge community of people who oversee all the transactions on the decentralized exchange. If need be, they also can act as arbitrators in settling disputes between the buyer and the seller.
The escrow smart contract presents an effective method for ensuring trust – both transacting parties are required to lock a certain amount the smart contract as crowd before the trade, and the funds are released from the smart contract escrow only upon successful completion of the trade.
In addition, P2P exchanges also bring the usual advantages of any crypto transaction like keeping it global and time agnostic. P2P exchanges designed to operate from any corner of the globe with a good internet connection and are open 24/7/365.
Developing a P2P exchange involves putting together a lot of components that should be designed to flawlessly work with each other in tandem.
One of the most important components of any exchange is the matching engine. In the case of a P2P exchange, the matching engine should be robust and high in performance. It should not have any latencies and should be maximum insufficiency. The matching engine search as a cornerstone for the proper functioning of the P2P exchange ecosystem.
A decentralized exchange is innately secure. However, to enhance the possibilities of defending compromises, your exchange should have the strength and multilayered security. Simple security mechanisms like the SSL implementation and a two-factor authentication would go a long way in ensuring the security of your exchange.
However, decentralized a P2P exchange might be, it still requires that KYC/AML formalities be completed. This ensures the interest of your investors is protected. Requiring KYC/AML formalities is bound to increase the magnitude of trust your trader’s place on your exchange.
Conclusion
P2P exchanges elevate the experience of a cryptocurrency exchange software, which is, by itself, quite a revolution. However, it is quite possible that the magnitude of coding and business understanding involved might serve as deterrents for you from developing an exchange from scratch.
A perfect solution to this challenge is the presence of white label solutions. You can get in touch with blockchain app development companies that specialize in crypto exchanges, and they will take care to not only create but also customize your decentralized crypto exchange and help you kickstart your crypto business in the shortest possible time.
Blockchain is the most quickly reached and considered technologies of this era. Blockchain provides tremendous speed and compact protection criteria. Let’s get started for the Blockahin role in the mobile application market in 2021
The inclusion of this technology into designing and developing mobile apps is an appreciable idea when everything around is being modernized. The idea of combining these two will give profitable results.
Now, blockchain technology has the power to influence the development of the mobile app industry.
This technology is included into mobile apps to increase the speed of the virtual transaction process and it also guarantees the safety of users’ information.
Blockchain can track down transactions easily of people or enterprises that transfer money to their stakeholders or other people.
Assuredly it will improve glassiness and also increases the application security system, and it also cleans wrong transactions.
Assuredly it will improve glassiness and also increases the application security system, and it also cleans wrong transactions.
Blockchain technology has multiple uses and it has the capability to serve in several other industries like Healthcare, Sports, Government, Travel and Hospitality, Financial Services, Retail, and CPG.
If we look at the statistics the mobile app economy is rising day by day it’s not going to stop in future, importantly when it’s supposed to become valued at about $6.3 trillion by the year 2021, and with the increase in usage of mobile apps for each and every need millions of more apps will be developed in the future.
Blockchain Implementation in Mobile Application Can Achieved the Following Advantages
In this post, We will teach you how the HP and expressVPN partnership will benefit bitcoin users.
Here’s the truth; your personal data is out there and the bad guys want it. The rise in online data breaches has raised fear in consumers who are now skeptical of jumping into the wild wide web without protection.
A bunch of new and emerging cyber threats involving phishing, malware, artificial intelligence, and machine learning among others has placed the sensitive information of individuals, governments, and corporations at constant risk, especially those dealing with cryptocurrency trading, which is a very sensitive area that requires total privacy.
The information security industry continues to endure the lack of enough security experts and professionals and even predicts that cybercriminal damages are likely to rise to $6 Trillion by 2021.
So, what can consumers do to protect themselves? The answer is, use a VPN. A VPN will ensure that all your transactions are protected, especially when using public Wi-Fi networks such as those found in hotels and restaurants.
One company that has taken the privacy and security of its consumers seriously is HP Inc. After realizing that its customers connect to unsecured Wi-Fi networks without thinking of the consequences, this tech giant has decided to partner with ExpressVPN—A well-known VPN service provider to provide an extra line of security to some of its devices.
About
the Partnership
ExpressVPN recently announced its
partnership with HP—a tech giant with the aim of helping HP laptop users stay
private and safe online. Selected HP laptops, starting with the new Spectre
x360 13 will come preinstalled with ExpressVPN’s software and users will get a
30-day trial period to assess if they like the VPN before opting for a longer
plan. During this period, HP customers will have access to all the apps that
come with ExpressVPN.
What
the Partnership means to Bitcoin Users
Bitcoin traders who own the Spectre x360 13 laptop model stand to benefit a lot from the extra line of protection that will come with this laptop.
ExpressVPN has super-strong security that will help you combat many of the dangers that biotin traders face and help you save a significant amount of money by preventing cybercriminals from accessing your wallet. And, the fact that you automatically get the VPN when you buy the laptop makes it even more interesting.
You will no longer have to worry about accidentally compromising your bitcoin address to hackers or your IP address revealing your real identity and location.
What’s more, you will be able to trade your coins anywhere in the world since VPN helps unblock geo-locked websites; even blocked traders are able to access the sites using a VPN.
When looking for a VPN for your bitcoin trading, it’s important to consider a highly privacy-focused service provider like ExpressVPN that doesn’t store logs or reveal your IP address.
By using ExpressVPN, you will successfully encrypt and safely hide your IP address so that your actual physical address won’t be associated with your bitcoin address (which is not a good idea especially when you’ve made lots of money).
ExpressVPN is excellent for your bitcoin trading because of its high-speed servers that will ensure your transactions go through without any hitches.
Its security is on point too; thanks to the strict no-logs policy as well as the full OpenVPN support. Anonymous torrenting is available on all the 3,000 servers in just one click.
One thing that experts seem to agree on is that hackers are here to stay; in fact, as technology continues to grow so does the number of cybercrimes being recorded on a yearly basis.
The partnership between HP and ExpressVPN will help users, especially those in the bitcoin trading business to trade anonymously and securely.
While cryptocurrency transactions are stored on large numbers of nodes that make it exceptionally difficult to fake bitcoins, these transactions are not entirely secure and anonymous.
Since you are your own bank and security, buying a laptop that has top-notch security details will save you from hackers who are waiting to take advantage of data leaks to steal from you.
