How to build a decentralized App Development?

D-App Development Company

With vast experience in blockchain development, Crypto App Factory has gained a master level expertise in developing decentralized applications that can scale millions of transactions in a second. Our proficient DApp developers are adept to develop scalable and flexible decentralized Applications that could run on any blockchain layer including Ethereum. We give special care on creating EOS based DApps, as this blockchain protocol started to rage with a wide range of usage on DApp development.

how to decentralized

What are D-Apps?

DApps (Decentralized applications) run on a peer-to-peer network of computers instead of a single computer. They are similar to a conventional web application in a way that its front end uses the same technology to represent the page. But the backend uses smart contracts to connect to the blockchain network instead of an API connecting to the database.

D-Apps Development Services:

(i)Custom DApp development

Build a simplified, unique and reliable decentralized application to handle your business functionalities and operations under a decentralized peer to peer network.

(ii)Smart Contract Development

Our smartcontract development service comprises of writing, testing and deploying contracts on multiple platforms like Ethereum, Neo and others. We help you choose the right platform that meets your business requirements.

advantages

(iii)Decentralized Storage

To control, monitor and store transaction on a peer to peer networks of DApps, it must require separate decentralized cloud storage. We find it allocate it for your DApp.

(iv)User Interface

When it comes to designing the UI of your DApp, we adopt the most structured process starting from the ideation, wireframe design and low-high fidelity design with interactive prototypes.

Benefits of DApps

DApps are the next generation of digitized applications with no central authority. DApps brings a lot of benefits to both the end users and the business owner. These kinds of DApps eliminates the issuance of entire authority to a single node, and distribute the power to each entity in the entire network. This is why DApps are considered to be more user-friendly.

DApps are,

  • Open Source
  • Give importance to consensus mechanisms
  • Incentivized or gives referral credits to end users
  • Multilayer security and immutability
  • Trustworthy and Transparent to the nodes in the decentralized network
  • Faster transactions & Fewer transaction fees
  • Keeps data on decentralized storage
  • Prevents Hacks

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Crypto App Factory

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Facebook’s Libra Coin

What is Libra Coin?

Libra will be created only when users buy coins with real money.  Libra is first and foremost, a cryptocurrency created to let people access and participate in the Libra Network. Users shall be able to exchange fiat currency into these digital currencies and use them in online transactions.

libra

Libra is built on an open-source blockchain called the Libra Blockchain featuring its own proof-of-stake protocol. The Libra mission is to reinvent money and transform the global economy so people everywhere can live better lives.

Things you Need to know about Libra

The Libra Association is made up of reputable partner companies such as MasterCard, Visa, PayPal, Uber, and many others. These companies shall work together to ensure payment processes are faster, more accurate, and safer than existing financial technology by using Blockchain Technology.

Libra is fully backed by a reserve of real assets. A basket of bank deposits and short-term government securities will be held in the Libra Reserve for every Libra that is created, building trust in its intrinsic value. The Libra Reserve will be administered with the objective of preserving the value of Libra over time.

Facebook announces Libra Cryptocurrency

Facebook expects that consumers will be able to begin making actual purchases with Libra, although the number of purchases will be limited at first. The announcement is seen as a boon for other cryptocurrencies.

Libra shall be instantly exposed to 30% of the world’s population, if successful. That alone is a massive plus point for the mass adoption for the digital asset.

libra fb

Facebook has reportedly been developing Libra for more than a year, and few details about the project have been available to the public. One thing that is known is that Libra will be pegged to a basket of government-issued currencies in an effort to preemptively counter the extreme volatility which has plagued other digital coins.

Facebook teams played a key role in the creation of the Libra Association and the Libra Blockchain, working with the other Founding Members. While final decision-making authority rests with the association, Facebook is expected to maintain a leadership role through 2019.

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101, Kumaran colony, Vadapalani,

Chennai 600026

7397224461

Essential Security Features of Cryptocurrency Exchange Software

Cryptocurrency Exchange:

Cryptocurrency Exchange is a platform that allows you to trade digital assets such as Bitcoin. Depending on the exchange, you may be able to trade cash for digital assets, or you may be able to trade one digital asset for another.

It makes the Bitcoin business software faster, more powerful, secured, flexible and easier to use.Cryptocurrency business enthusiastic can get the business script as software package which can be customized and designed with special features to meet your business requirements.

Essential-Security

Types of Cryptocurrency Exchange Software:

(i)Centralized Crypto Exchange

(ii)Decentralized Crypto Exchange

(iii)Whitelabel Crypto Exchange

Features of Cryptocurrency Exchange Software:

(i)Privacy Security Key Protection:

The blockchain technology has transformed the way in which people do business all across the globe by eliminating the middleman. But this has also increased the privacy and security concerns that people face. These concerns can safely be eliminated by using this privacy security key protection feature.

(ii) Google Authentication:

2FA like google authenticator and OTP codes provides an additional layer of security by ensuring that a valid user in accessing the account on every login and Withdrawal.

(iii)KYC/AML:

KYC/AML are essential to prevent unauthorized access and money laundering in crypto exchange .Moving around Large sums of assets in the Platform will immediately trigger anti-money Laundering checks to ensure a secure trade.

(iv)API Integration:

The trades occurring at an exchange platform driveits liquidity position and without trading activities, no exchange can survive.The most reliable way to manage liquidity is by integrating the exchange to other existing exchanges.

(v)Multi-Sig Wallet Configuration:

Embedding multi-sig wallet in the exchange offers more than one key for transaction authorization. It is generally utilized to share the responsibility of possessing the digital assets stored in the Wallet.

Benefits of Cryptocurrency Exchange Software:

Security: Payment secure is based on crypto system which has directly intract to Payment gateway platform and bank.

Availability: The Payment function availability method is simply by bank or Visa, Master Card.

Privacy: The Source of CVV or OTP is secure by user and fetch with mobile or email.So no one person use this easily.

Open Source: The Payment gateway source platform is open sources which are always sync with any web browser or application.

How Cryptocurrency Exchange Works?

Our Platform Uses Cryptocurrency‘s own specifications to empower a safe route of exchanging various cryptocurrencies with a non-trusted peer without even a requirement of the consolidated trusted 3rd Party.

how-cryptocurrency-works

  1. Cryptocurrency Exchange software matches the two people, one selling and the other is buying the particular Cryptocurrency.
  2. In Predefined Steps, the exchange of the value takes place via Payment processor, the local currency is transferred which will support non-reversible Payments.
  3. For Security, a tiny amount of cryptocurrency from the local currency and seller from the buyer is kept.
  4. As primarily agreed, the exchange continues until the buyer has all the cryptocurrency and the seller has all the money in normal currency.

 

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Crypto App Factory

cryptoappfactory@gmail.com

http://www.cryptoappfactory.com

101, Kumaran Colony, Vadapalani, Chennai.

+91 7397224461

Stable Coins – Crypto App Factory

 

Stablecoins are a similar concept like cryptocurrencies, but their default value will not oscillate drastically up and down like other digital currencies present in Blockchain Technology!

Their Value stays calmer like (USD, EUR, CNY or JPY) unlike other coins like Bitcoins, Ethereum, etc.

Being a stable coin it doesn’t mean they are connected to a national bank or country state. Rather, they are dependent on their cryptograph and stringent reviews to ensure the hidden resource is without a doubt present and is the place it should be.

stable-coin

Types of Stable coin
1. Fiat-Collateralized Stablecoins
2. Crypto-Collateralized Stablecoins
3. Non-Collateralized Stablecoins

Crypto App Factory have very good experience on the following services:

Fiat-Collateralized Stablecoins

Fiat collateralized Stablecoins just backed by fiat reserves like USD, EUR, etc.

Crypto-Collateralized Stablecoins

These coins are backed by other reserves of cryptocurrencies.

Non-Collateralized Stablecoins

These coins are not backed by any reserves, and their supplies are managed by smart contracts.

Features of Stablecoin

  1. Purely Backed

Each and every single stable coin is purely backed by stable fiat currency and a stable asset that held in our reserves!

  1. 100% Safe and Encrypted

Only with the name of Blockchain Technology, we are very sure that Stablecoin is developed with highly secured and encrypted methodologies!

  1. Blockchain Platform

We follow the standards of ERC 20 Ethereum based platforms which makes it more efficient with transparency and Security!

  1. Widespread Integration

Stablecoins like Tether are advanced to-fiat money that appreciates widespread integration. Actually, they can be done without much of a stretch be purchased, sold and utilized at a few trades.

  1. Clear Picture with Transparent

Since our reserve holdings are subject to recurrent audits, all Stablecoins that are in circulation is equivalent to those in our reserves.

GET IN TOUCH

At Cryptoappfactory.com, we Develop p blockchain-enabled platform that enables permission for development, management, and trading of Stablecoins.

We have Experienced Blockchain Developers in hands who can deliver the solutions which are safe Secured and Encrypted with Blockchain Technologies

A Complete Guide to Tangle Technology

Tangle Technology

Tangle is the transaction storing and processing mechanism of IOTA, a Cryptocurrency network that was developed to enable fee-less micro-transactions for the growing ecosystem of Internet of Things (IoT) devices.

a tan

Tangle is the other name to describe the IOTA’s directed acyclic graph (DAG). It is a data integration and transaction settlement layer developed to focus on the Internet of things (IOT). Tangle acts as a string of individual transactions which are interconnected to one another and stored in a decentralized network node of the participants.

The Tangle, which is the data structure behind IOTA, is a particular kind of directed graph, which holds transactions. Each transaction is represented as a vertex in the graph. When a new transaction joins the tangle, it chooses two previous transactions to approve, adding two new edges to the graph.

How does IOTA Tangle Work?

With new cryptocurrencies appearing, and disappearing every single day, it is becoming increasingly difficult to know which currencies are worth investing in, and which ones are not.

a tangle

For those that are just starting out, it can be a somewhat daunting prospect, particularly when you factor in the technological jargon, and concepts that work hand in hand with this type of innovation. IOTA is one of these currencies, and Tangle is the system that it works on.

Tangle technology is trying to solve scalability problem with a totally different technology. Tangle is made by sites (transactions on the DAG graph) and Nodes (Issuers of transactions). The verification process is set up, that newly issued transaction is obligated to approve two old transactions. As a result of this solution, the responsibility of verification transactions belongs to everyone, who issue a new transaction. In conclusion, Tangle allows to process transactions in the network without miners and transaction fees.

Blockchain vs Tangle

The brilliance of the Tangle is that transactions are processed in parallel. The Tangle differs from blockchain in two main ways:

a tan vs block

  1. IOTA is able to achieve high transaction throughput by parallelizing validation. As the Tangle grows with more transactions, IOTA becomes faster and more secure with transaction finality happening more quickly as network critical mass is approached.
  2. The way consensus is achieved in a blockchain Technology is through a rigorous mechanism that requires multiple parties to “race” against each other in an attempt to add the next block and earn the block rewards. Since “miners” and “users” are decoupled entities, block rewards paid to miners will eventually mostly consist of users’ transaction fees. In the Tangle, “miners” and “users” are no longer decoupled entities.

Pros:

Transaction fees: There are none, sort of. The cost of writing to the Tangle is performing proof-of-work on two other transactions. There is no “gas” cost or needing to “tip” miners in order to get your transaction faster. In fact, “mining” isn’t even a thing for the Tangle. There isn’t a need for it.

Scalability: The fundamental bottleneck of normal block chains like Bitcoin or Ethereum is the time it takes to achieve consensus by creating new blocks. The Bitcoin blockchain can only handle 3-4 transactions per second. Ethereum, around 15-20. To date, Tangle has seen transaction spikes well into the hundreds of transactions per second. However, it theoretically scales infinitely as larger and larger numbers of devices are writing data.

Lightweight: The core idea behind Tangle is that even devices with very low computing power, like a toaster, can write data to the Tangle, and therefore perform proof-of-work in a reasonable amount of time. How this is achieved gets into “snapshotting”, which is the subject of another blog post.

Data Marketplace: IOTA gives you the ability to sell your data by giving people the ability to subscribe to your data for very small amounts of money. This is a powerful concept, given that one the biggest limiting factors for machine learning and AI applications is access to quality data.

Quantum-secure”: A common criticism of blockchain, in general, is that quantum computers will be billions of times more capable of performing hashing algorithms than classical computers.

Cons:

Smart Contracts: These don’t yet exist for IOTA/Tangle, and it’s a gigantic drawback for developers. In fact, the lack of smart contracts will be a showstopper if you want to build any sort of Decentralized Application or “DApp” with IOTA.

Vulnerability: While there have been no publicly documented successful attacks against the Tangle, a common criticism is that it’s mathematically easier for malicious nodes to attack it. For example, it only requires 34% of the total hashing power to successfully attack the Tangle, versus 51% for Bitcoin or Ethereum, etc.

 

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+91-7397224461

Asset Tokenization and its Benefits

Asset tokenization is a new concept that uses digital tokens to fractionalize ownership of assets such as property, jewellery or fine art and smart contracts on block chain to manage these ownership rights. Being able to tokenize assets opens up new alternative investment opportunities for asset managers and their clients, but today, the business and technology infrastructure is not in place to be able to manage tokenized assets within the portfolio Management System.

DD-Growth-Use-Of-Digitized-Tokenized-Assets

There are about Four Kinds of tokens:

  1. Payments or Platform Tokens

These are cryptocurrencies used as a means of payment in the digital space, the likes of Bitcoin, Ether, and Lite coin etc.

  1. Utility Tokens:

These tokens are simply app coins or user tokens. They enable future access to the products or services offered by a Company. Therefore, these tokens are not created to be an investment and does not require strict levels of Compliance .This is very rampant in the World of ICOs i.e. Filecoin.

tokens

  1. 3. Security Tokens:

This is refers to tokens whose value is derived from real physical entities.i.e Company  shares, Real estate ,Certificates,Bonds,Money etc. Securities are a liquidized form of a real-world asset, therefore, these tokens are subject to federal laws that govern securities in their base of operation and must be Compliant.

  1. Non –Fungible Tokens:

A Crypto-Collectible is a cryptographically unique non-fungible digital asset. Unlike Cryptocurrencies which require all tokens to be identical, each Crypto-collectible token is unique and can not be equally exchanged for another.Decentraland With Tokenization, an owner of a masterwork painting could offer digital shares of ownership in it.

Benefits of Ownership Tokenization:

Fractional Ownership: Ownership of anything can be tokenized and each token representing a fraction of ownership which can be transferred easily without any necessary physical transfer of the asset.

tokenization-benefits

Liquidity: This allows for easy trading of assets, as the assets are represented with tokens and this token can be easily traded.

Immutability: Ownership and transfer of tokenized assets can be done with provable history of how such asset has changed ownership over time saved in a decentralized immutable ledger, eliminating any illegal claim of ownership.

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Crypto App Factory

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Initial Coin Offering Vs Initial Exchange Offering – Crypto App Factory

Initial Coin Offering (ICO)

Initial Coin Offering (ICO) is the Cryptocurrency equivalent of an Initial Public Offering (IPO), where a company goes from private to public status by selling shares for equity. This is typically done to get funds without the need to go to a Venture Company (VC) or bank. An ICO solves the basic problem of initial coin distribution.

An initial coin offering is similar in concept to an initial public offering (IPO), both a process in which companies raise capital, while an ICO is an investment that gives the investor a crypto coin, more commonly known as a coin or a token in return for investment, which is quite different to the issuance of securities as is the case in an IPO investment.

a ico

ICOs are easy to structure because of technologies like the ERC20 Token Standard, which abstracts a lot of the development process necessary to create a new cryptographic asset. Most ICOs work by having investors send funds (usually Bitcoin or ether) to a smart contract that stores the funds and distributes an equivalent value in the new token at a later point in time.

Pros of ICO

  • No extensive disclosure requirements for the fundraiser (so far)
  • You can raise a lot of funds at an incredibly (likely even too, but what the heck) early stage of your company
  • Easy Validation
  • Scope for exponential growth
  • No easy constraints
  • Gives opportunities to promising projects
  • Doesn’t require unnecessary paperwork
  • Community building
  • Exposure for projects
  • Early access to potentially valuable tokens
  • Incentive for innovation

Cons of ICO

  • Attracts a lot of scammers
  • Based on pure speculation
  • Whaling time
  • Network Congestion
  • Storing the tokens
  • Government intervention

 

Initial Exchange Offering (IEO)

Unlike an ICO (Initial coin offering), an IEO (Initial exchange offering) is not open to the public. You’ll have to be a user of the hosting exchange to participate in the token sale. While an ICO allows any contributors to buy the token for sale by sending funds into a specific address, an IEO requires contributors/users to buy the token by using the exchange’s accounts.

a ico vs ieo

The biggest problem with ICO is that it is not monitored by any third parties. Basically, anyone can launch an ICO, as long as you have a white paper to convince investors to put funds to your company.

On the other hand, IEO is a very, if not entirely, different model. While both ICO and IEO share the similar rationales of Initial Public Offering (IPO). In an IEO, an exchange is an administrator.

To conduct an IEO, the project team must meet and comply with the exchange’s requirements in order to launch the token sale. Contributors are, therefore, protected by the exchange.

 

Pros of IEO

  • Reduced risk for fraud. On exchanges the risk for scams is reduced and smart contracts cannot be endangered
  • Simplified process for startups and developers
  • More options for their customers. They provide a section of coins for new coming customers and enable traders more freedom and transparency.

Cons of IEO

  • Strict Requirements of Exchanges to companies doing IEO
  • IEO is not free, it requires a specific budget
  • No Guarantees of success
  • The key to the successful IEO
  • It might be time consuming to create accounts on different exchanges
  • Every exchange requires a KYC (know your customer)
  • It’s quite easy for big investors to manipulate the price of the token
  • In security matter this approach for funding a project adds an additional point of failure (the exchange)
  • Scam projects would definitely want to do an IEO so your token could be listed on an exchange

 

Thanks for reading our content. For more details, kindly visit our website mentioned below;

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