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Oodles Technologies has become one of the fastest leading cryptocurrency development companies in the blockchain landscape. We utilize the immense expertise of our blockchain developers in developing secure online cryptocurrency exchange platforms for various popular cryptocurrencies like Monero, Litecoin, Ether, etc.

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Cryptocurrency Exchange Software: Everything You Need to Know About it

Get Your Hands on Next-Gen Cryptocurrency Exchange Software Developed by Oodles Blockchain for a Unified Trading Experience Globally Oodles Blockchain is one of the early adopters of Cryptocurrency and Blockchain. Exploring and embracing cutting-edge technologies is part of our DNA. We help businesses grow with cutting-edge Blockchain and AI/ML technologies. Launch your own Cryptocurrency Exchange in no time using Oodles Blockchain’ Crypto ExchangeDevelopment Services. Also, get a turnkey solution for instantly getting started with your Exchange Platform. Make the most of a wide array of listings of cryptocurrency available under our software platform. The Mechanics of Cryptocurrency Exchange Software Platform Getting started with crypto trading business without a cryptocurrency exchange platform is unthinkable. A cryptocurrency exchange platform is a digital marketplace where you allow users from the globe to buy, sell or trade in multiple cryptocurrencies as well as fiat currency. Providing users with a Crypto Exchange platform is a rapidly growing business idea. It bolsters them in setting off their crypto wheels in motion without friction. As per the Coinmarketcap, 208 Crypto Exchanges are operating online currently that support active trading. Surprisingly, the combined 24-hour trade volume of the top ten is over $6.5 billion. Types of Crypto Exchange Software Platforms Centralized Exchanges (CEX) Improved liquidity rates than other exchanges Enough capital for updating and developing the trading platform to match clients requirements Compliant with government laws than other exchange models Already implementing the government’s anti-money laundry acts (AML), as well as Know Your Customer (KYC) user requirements. Faster transactions due to their optimized trading platform Decentralized Exchanges (DEX) No need of a middleman to use the platform Reduced transaction costs and trading fees Execute trades on a peer-to-peer basis Provide the user with the autonomy to control their funds. Transactions are secure, private, anonymous, and transparent. Hybrid Exchanges Next generation cryptocurrency exchange Combines the startling aspects of both centralized and decentralized exchanges Aims to provide the liquidity of CEX along with the anonymity of DEX Probably the cryptocurrency exchange of the future An excellent example of a centralized and decentralized blend Cryptocurrency Exchange Software Platform Development For Different Business Sizes As per the organization size and their business processes, our crypto exchange developers help us provide cryptocurrency exchange development services customizable according to the specific business needs. Also Read: The Most Comprehensive Guide Ever to Starting Your Crypto Exchange Business Following the complexities that come associated with the client organization we work with, we allocate utilization of different advancements for respective cryptocurrency exchange software platform. SMEs > Angular & NodeJS Startups (New Businesses)> Ruby on Rails Enterprises> C++ Cryptocurrency Exchange Software Development – Taking a Gander at Different Order Types For launching a successful cryptocurrency exchange platform, it is imperative for you to understand the order types. Market Order
Allows your users to trade digital currencies at current market prices. They can set a market buy or sell to keep safe themselves in today’s highly volatile market. Limit Order
Enable users to trade cryptocurrencies by ordering on the expectation that someone else’s market order would fulfill it. The user gets to set a ‘limit buy’ or ‘limit sell’ option. Stop Order
It’s a conditional market order in which users sell their order after reaching a listed price. Users can set a Stop Buy or Stop Sell/Loss while assuring prudent actions. Copy Order
It’s an order in which users get updates on the leading crypto-traders and copy their trades. It assists newbies in trading cryptos efficiently. Also, the top order would get incentivized as per the earnings of the copied trader. P2P Trading
The Peer to Peer trading provides buyers and sellers with negotiation option before they transfer the coins. Here, escrow service ensures coin safety. Upon the agreement between the seller and buyer, the transaction gets completed. Buy Stop Order
When the stop price is around or lesser than the market price, buy stop order or stop loss order can get placed. It protects the profit on a cryptocurrency in the cryptocurrency exchange or limits a loss. Security Vulnerabilities that must be covered under Cryptocurrency Exchange Platform Development Google Two-Factor Authentication
Google 2 Factor Authentication implemented on every login and withdrawal to ensure that a valid user is accessing the account. Demand Encryption and Authorization
For checking the activities of a user, the activity request gets encrypted at the client side. Then, it goes for authorization at the server side. Both encryption and authorization are musts for a cryptocurrency exchange development. Hot Wallet Protections
To prevent wallet attacks, we integrate multiple private keys rather than a single private key that might be vulnerable to hacks. Software Vulnerabilities
We execute a method, using which, the request by a user from anywhere gets encrypted with salt and body. Further, when the request gets decrypted at the exchange, both salt and body get a match. If it matches, the system proceeds with the request, otherwise not. Cryptocurrency Exchange Software with Robust Features KYC/AML Verification
Get thorough KYC verification authority over the traders’ registration timing. AML supportive system, customer documents management, and document verification. Accurate Security
We possess an exchange software solution that reduces the website development time, adheres to blockchain security protocols, and improves the quality and accuracy of data. API and Liquidity Integration
It provides irregular estimates of the activities of the trading on the crypto market. And enables you to comprehend current trading activities executed on the website. Order Book with Matching Engine
It consists of the dashboard for order payments, matched order and relevance, balance monitoring, withdrawal request, and unfinished transaction details. Multi-Sig Wallet Configuration
Enables your cryptocurrency exchange to manage traders KYC and AML checks for regulatory adherence. Also, it allows integrating multi-signature and encrypted hot wallet, cold wallet and frozen wallet. Trade Chart and Market Data
Get a comprehensive view of every cryptocurrency from an overall level on rational chart visual presentation, as well as, a thorough grasp of the market provided with the volume of trades at that specific point of time. Added Attributes of a Cryptocurrency Exchange Software Developed by Oodles Blockchain Extensibility High-level scalable platforms API Layer for 3rd party services integrations Modular Designing Custom-tailored platform for specific features Utility Unique User Experience as a result of our Intuitive Dashboards, Trade Chart, Market Depth Chart, etc. Intuitive signup and trading process Custom Themes by Oodles Blockchain UX/UI specialists Security & Assurance Comprehensive vulnerability evaluation Decentralized ledger technologies for improved security Two-Factor Authentication and Alerts A dedicated in-house team of security professionals Decentralized Exchange/Cryptocurrency Exchange Software Smart Contracts deployment for business process automation Highly Customizable platform Granulated User Access Controls User-friendly platform settings access from Admin console Why Work With Oodles Blockchain? Oodles Blockchain is one of the early adopters of Cryptocurrency and Blockchain. Exploring and embracing cutting-edge technologies is part of our DNA. We help businesses grow with cutting-edge Blockchain and AI/ML technologies. Launch your own Cryptocurrency Exchange in no time using Oodles Blockchain’ Crypto Exchange Development Services. Also, get a turnkey solution for instantly getting started with your Exchange Platform. Make the most of a wide array of listings of cryptocurrency available under our software platform. A few insightful reads about Crypto Exchanges: Using Artificial Intelligence to Build Cryptocurrency Exchange App Exchange Development | Insights to Mass Adoption of Cryptocurrency Cryptocurrency Exchange Solutions as Public Utility Exchange Application Development Cryptocurrency Exchange Platform Cryptocurrency Exchange Development

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blockchain oodles


Why is EOS blockchain the Best Platform for Commercial-Grade DApps

Why is EOS blockchain the Best Platform for Commercial-Grade DApps  Share  Tweet  Pin  Email  Share    Mudit Kumar January 15, 2019  Leave a Comment     Introduction to EOS Blockchain Platform: Perhaps the Best Choice for DApps EOS.IO is one of the latest and unique blockchain-powered platforms. Mainly focused on decentralization, Blockchain Developers use it to develop and deploy Decentralized Applications. Created by Block.one, a Cayman Islands Company holds the ownership of this platform. Based on smart contracts, developers can opt EOS blockchain to define the characteristics of their dApp. Using EOS blockchain, they can code their DApp as per the requirements. However, the blockchain technology has the issue of scalability. EOS blockchain platform claims to fix this issue for good. In comparison to the scalability of the existing employed worldwide financial framework like VISA, the scalability of the prominent blockchain platforms like ethereum is quite low. VISA can process thousands of transactions on its network per second (TPS). However, for bitcoin and ethereum, this number is still below 100. So, if millions of people are using a decentralized application developed on a decentralized platform, its scalability must be in the upper end. EOS blockchain aims at this issue. It wants to make its platforms suitable for development of commercial-scale decentralized applications. How does EOS blockchain platform do that? EOS applies a unique consensus algorithm at its core. Instead of deploying standard consensus algorithms like Proof-of-Work (PoW), EOS makes use of the delegated Proof-of-Stake (DPoS). Owing to the DPoS consensus mechanism, EOS can handle much more transactions than others like ethereum. What is Delegated Proof-of-Stake (DPos)? EOS deploys the Delegated Proof-of-Stake (DPoS) at its core, allowing it to forms blocks within 0.5 seconds. For obtaining irresistibility, the platform also uses asynchronous Byzantine Fault Tolerance (aBFT) along with DPoS. Altogether, these frameworks ensure that the transaction irreversibility is within less than one second. In contrast to the traditional PoS, where the token holders cast their vote for the confirmation of the blocks, the token holders decide to vote for block producers in the ecosystem of DPos. Now, the block producer group, capable of achieving the largest number of votes, votes and organizes the creation of the blocks. The initial step of the BFT-DPoS combination is the assortment of the group of block producers. The selection gets conducted on the basis of some pre-defined commands. Then, the top 21 block producers get selected through constant voting conducted by the EOS token holders. After the selection of the group, the next aspect is achieving consensus between the block producers. Disagreements get settled within this group of block producers through voting. It requires two-thirds (2/3) votes to get an agreement; 15 block producers need to agree on something to call it final. Then, it can be considered irreversible. The method of producing block also gets taken into consideration. All the block producers agree on the method in which the blocks will get produced. For producing a block, a block producer in the EOS ecosystem get 0.5 seconds. If a producer fails to create the block in the given time, it gets skipped. The longest chain in the group gets regarded correct. If a block producer finds a longer chain than the rest, he shifts to that chain. Transactions also get confirmed in the EOS ecosystem. All the transactions carry the header hash of the terminal block in the chain. If the terminal block is not available in the chain, the transactions get considered as incorrect. Who is in Competition? Competition in the blockchain world is cut-throat. Numerous decentralized application development platforms are getting launched with each passing day. However, EOS blockchain platform has significantly managed to announce its place in the upper league. It has a direct competition with Ethereum (one of the biggest platforms in the blockchain arena), NEO and Cardano, and thus, is being called the ‘Ethereum Killer.’ So, now we’ll have to wait and watch who wins this race of becoming the most prominent blockchain development platform for Scalable and Fast DApps in the next few years.  

Why Invest in Ripple, The Fastest Growing Virtual Payment Solution

Today, the global economy and the digital world are growing rapidly. Because of that various disruptions are happening in these two domains, causing businesses and traditional institutions to change the way they operate. And, now the issue that is all the rage and on the brink of disruption is traditional payments solutions. They are soon to be replaced by virtual payment solutions. Governed by cryptography, the decentralized, distributed ledger technologies like Blockchain is offering numerous prominent advantages over fiat currency and traditional payment systems. Why are we focusing on virtual payment solutions today? It’s because of Ripple, representing the next-gen of blockchain technology, that has so much to offer. RippleNet specializes in almost every significant attribute of a blockchain network, such as swift transactions, improved transparency, low transaction fees, etc. Ripple addresses the challenges that some of the existing blockchains fail to do. Its primary aim is to provide a secure and integrated global payment solution. The problem begins with today’s global payment systems. Most of the enterprises lack in having a decent infrastructure, wherein the networks fail in providing the necessary features, including sufficient inter-connectivity to serve the demands of the international users. In a nutshell, the current networks either are inefficient in proper regulations or are ineffective at handling the obstacles involved in cross-border payments. Whether it’s the high processing fees or improper servicing facilities, the incompetencies of the existing global payment networks are driving brands and consumers away from centralized systems and banks to Fintech providers like Ripple and Stellar, which are adept at handling such issues at hand. Being among the top blockchain systems, Ripple has presented itself as a viable digital investment option for domestic as well as cross-border transactions. Revamping Cross-border Payments with RippleNet We discussed in the previous section that how Ripple strives to eradicate some of the biggest barriers within the current global payment systems. Being one world’s leading global payments networks, RippleNet gives a seamless user experience for global payments. In contrast to numerous other institutions that are a result of many disparate technologies, unstandardized communications, and centralized systems, RippleNet is an individual entity formed of a network of banks that allow transactions via Ripple’s distributed blockchain technology. The quickly developing ecosystem of RippleNet could be segmented into two sections, network users or the consumers and the network members or the payment providers. The network members or the payment providers, also known as the enablers. They consist of banks and centralized businesses willing to process transactions for corporate firms and customers. It makes apparent that the banks would likely capitalize on RippleNet to grow their servicing schemes in the future soon. On the contrary, the network users, also called the originators, comprise of the blooming businesses corporate treasury, alongside the consumers. RippleNet’s decentralized system is based on the contract between the Ripple executives and other network members, who dispose of the corresponding blockchain system, besides adhering to the standard set of payment regulations. The network’s members, particularly the banks, profit considerably well from the powerful connectivity, regulated technology, and payment execution methods. Ripple’s avant-garde financial technology leave behind its adversaries in terms of adequate down payments charges, processing fees, and transparency. Thus, guaranteeing prompt transactions across the globe.

Relevance of NEM in Enterprises, Consulting NEM Blockchain Consultant

What is NEM Blockchain Launched on March 31, 2015, NEM Blockchain is among the most popular financial and enterprise blockchain platforms. Its relevance broke into the global landscape introducing several new concepts and mechanisms like proof-of-importance algorithms and coexistence of multiple ledgers in a single blockchain. A unique property of this blockchain that allows representation of any asset or currency as NEM Smart Assets made its adoption stronger in enterprise ecosystem. Although more concentrated in Southeast Asian geographies, NEM is aggressively foraying into global businesses. Thanks to the constant emphasis of NEM blockchain consultant in establishing the technology in enterprises ecosystem.   NEM for Enterprise Blockchain NEM Blockchain is considered as an effective technology to operate many business processes in several industry verticals. The company is focussing primarily on the use-cases of the technology in Finance, Business Management and in Decentralized Organizations. NEM creates a seamless interface between Public and Private blockchain. It allows transferring tokens and files through both internal and external network of an enterprise. NEM Blockchain consultant and development services are focussing more on rendering more effective use cases of the technology as its development process is easier than other blockchain and distributed ledger technologies. NEM assists in real-time accounting. Apart from featuring the basic advantage of blockchain like optimal transparency in transactions NEM Blockchain makes it easier to operate many critical processes easily and effectively. Operations like KYC Verification, Inspections, Logistics, and Certificate Issuance becomes cost-effective using this technology. NEM Blockchain consultant and development companies are working on developing more use cases of this technology for its better implementation.   NEM Blockchain Consultant NEM  is growing as a multi-dimensional technology in several industries. NEM Blockchain consultants and developers found the Apostille functionality of NEM as a unique application of this blockchain as a social media. While simplicity in developing the technology is emerging as good assistance in its enterprise adoption. Additionally, NEM Foundation is through new partnerships and alliances across the globe, including those with governments and large public entities. Official sources of NEM Foundation are putting much efforts to expand the technology across countries. The foundation is working “to show programmers and business operators the great benefits that NEM has to offer”, an official Twitter post revealed.   Altcoins are struggling in the bearish market since an almost a year. However, XEM, the NEM Cryptocurrency, resisted the November slump in 2018, surging with a positive sign. The adoption of this technology in new markets and regions is a reason for its survival even when most altcoins are sliding in negative zones. Its breakthrough in Latin America in countries like Venezuela and Columbia are creating a new stir. While a strong foray in the petroleum industry is bringing up a strong prospect of the technology in Blockchain consultancy and development industry.

Groundbreaking Applications of Blockchain and Cryptocurrencies

Groundbreaking Applications of Blockchain and Cryptocurrencies   Applications of Blockchain and Cryptocurrencies Cryptocurrencies are widely popular as trading assets. However, when used with blockchain beyond their use as digital currencies, cryptocurrencies offers several innovative uses in various sectors including housing, energy, and personal finance. So, let’s get acquainted with five revolutionary applications of Blockchain and Cryptocurrencies. 1) Cryptocurrencies bolster cost-effective global money transfers Usually, for customers, the cost of bank-to-bank money transfers depends on a few factors, such as costly transaction charges, exchange rates and the constraints of geography. As per a recent study by the World Bank, the average cost of making a single bank transaction for a private client can go up to 5.5 percent of the total transfer amount. Also, cross-border payments can take more than five working days. While the state of money transfer is the same, some companies are utilizing digital tokens to expedite the process along with reducing costs. For instance, Ripple, a California based company, has gathered a $300 million fund. It will use these funds to pay companies to use XRP for cross-border money transfers. Recently, the company announced the introduction of its new programme called Xspring. With this programme, it will pay developers to write code software with an aim to using XRP. This year, several established money transfer companies, such as MoneyGram and Western Union, announced the use of pilot programmes using XRP. Important Reads: Cryptocurrency Payments Solutions: 5 Reasons You Should Start Today! Ripple: For Making Lighting Fast Cross-Border Payments How Blockchain Is Revamping The Cross-Border Payments 2) Blockchain-based voting to combat electoral fraud Although cryptocurrencies like Litecoin and Ethereum may have succeeded in changing our perception about money, their impact has not reached in other, less obvious, sectors such as non–profit organizations striving to protect and increase voter participation in democracies. For instance, a new startup called Sovereign, maintained by a group named Democracy Earth, introduced the use of the blockchain technology to provide users with more transparency and flexibility in how they cast their votes. People are calling it a kind of ‘liquid democracy.’ It allows users to highlight their views on particular issues and then cast their vote to someone they think is eligible. This blockchain based voting application uses blockchain platform like Ethereum to generate a defined number of tokens used as ‘votes.’ These are then allotted to registered participants who can cast their vote as part of institutions on a network of, for instance, political parties or organizations run as co-operatives. A few more reads: The Rise of Blockchain in Voting: Thailand Held the First E-Voting Voting: One Place Where Blockchain Can Really Show Its Potential 3) Blockchain in Green Energy Trading A notable benefit of distributed, decentralized ledger technologies is present in Brooklyn, New York, where a project is collaborating with numerous homeowners to install solar panels as a section of a standalone network. Technology startup LO3 Energy runs the Brooklyn Microgrid. It allows residents to become self-sufficient for their energy production. Additionally, it also enables them access to a trading platform where they can trade their extra electricity to buyers in the group. Currently, Brooklyn Microgrid has around 50 participants in the group. However, its modest start is only a part of a larger concept that aims to form a countrywide P2P energy trading system using the blockchain technology. Not only this but companies around the globe like LO3 Energy are developing new blockchain networks that will increase the adoption of decentralized energy systems. In Australia last year, Power Ledger launched a blockchain-based electricity trading market for a housing community in Perth. In Bangladesh, where the majority of the population don’t have access to power, ME SOLshare is providing rooftop solar panel systems to create a trading network. The idea is to create a network where consumers can trade their extra electricity, which will be purchased by businesses and homeowners in small amounts through a mobile phone. 4) Blockchain technology helping the homeless With $5 million awarded by the Mayor’s Challenge programme and sponsored by Bloomberg Philanthropies, Austin in Texas is working on a new pilot blockchain platform which will gather and confirm the identification and other necessary records of homeless people. Currently, in Austin, there are around 2,000 homeless people with numerous residents in different stages of access to hollow housing. Organizers expect the city will be able to replace paper documents like social security cards, which can get lost or damaged, with electronic encrypted documents. The MyPass programme allows social services workers in the field to use their smartphone to confirm the identity and details of a person without requiring him to come to the office. MyPass also enhances the ability to provide more transparent, integrated and comprehensive donations. The blockchain-powered records will validate the integrity and store credentials of earlier accepted aid, as well as details of physical and mental care. In conclusion: These were only a bunch of applications of Blockchain and Cryptocurrencies, and it’s the surface we scratched. The possibilities offered by blockchain and cryptos are yet to be explored. For instance, applications of blockchain and cryptocurrencies are finding their use in Healthcare, Charity, Real-Estate, Automotive, etc. However, thorough research and due diligence are musts. If you want to know more about the applications of blockchain and cryptocurrencies, or thinking of adopting this relatively new technology to upgrade your business and stand along industry-leaders, do reach us for a free-of-cost consultation.

Blockchain Application Developers

Blockchain Application Developers > Blockchain   Why You Need Blockchain Application Developers? Numerous business use cases can be enhanced using DLTs (distributed ledger technology). In a nutshell, it can be used in various many cases where trusted and transparent services are of utmost importance by business applications. It can be done using the blockchain technology as an application platform. So that the underlying trust infrastructure of the blockchain can enable the flawless processes within the business. Even though Bitcoin, the first use case or application of the blockchain, is a decentralized digital currency and payment system, the underlying constructs that constitute the foundation of it are not limited to payment transactions, accounts, balances or users. Alternatively, blockchain technology in Bitcoin is only transactions secured and run by a scripting language (blockchain programming language) using cryptographic techniques. In other words, blockchain refers to as an application development platform that uses a scripting language. That can help solve many use cases beyond cryptocurrencies as well. One of the many characteristics of blockchain technology introduced us to is smart contracts that mainly get coded in Ethereum. With the Ethereum Blockchain platform, blockchain application developers can develop private cryptocurrencies and contract-based applications with the help of a Turing-complete language. It enables businesses to utilize and code this language to determine their rules, regulations, and policies in such applications. Using the DLT based technology like blockchain increases the chances of reduced costs and provides businesses with the opportunity to create and sustain an infrastructure that offers numerous advantages at lower expenses than traditional centralized models. Blockchain can hugely expedite transaction processes as it bypasses the centralized infrastructure. Although no system is secure from cyber attack, the distributed nature of blockchain lays the foundation for a unique level of trust. The unalterable property of blockchain and its open access among its users, whether in a public or private ledger, brings transparency. Any user of the system can query transactions on a real-time basis.
Blockchain Blockchain is transforming the business landscape. It is gradually becoming the most preferred technology to replace the conventional use of internet applications. Now verticals like Financial Services, Healthcare, and even the Government are aggressive in adopting Blockchain as a strong and dependable utility. Blockchain Application Developers are becoming a top priority. What’s making blockchain a disruption in the enterprise ecosystem? This is primarily because the technology stands for those attributes, which the internet created as its own roadblocks. Holistically, Blockchain reduces the overall cost involved in enterprise operations by eliminating several entities and processes effectively. Here are the top benefits of using blockchain applications in enterprise operations per IBM: Greater Transparency Enhanced Security Improved Traceability Increased Efficiency and Speed Is Blockchain Application Appropriate for your Enterprise “If you’re dealing with slow, complicated and paper-heavy processes, compromised security or exorbitant fees, blockchain is a solution worth exploring.”
-IBM Blockchain is a buzz and almost every enterprise considers it as a solution. In fact, the technology transformed into a bandwagon for the business world. But is Blockchain really effective for your enterprise? Well, if the processes are hitting certain operational roadblocks and there seems to be no way out because of technical bottlenecks. Here are some issues that blockchain will help to eradicate completely. Failure to keeping up with the terms of a contract or agreements This is a common issue. Initial contracts and agreements between two enterprises change to in the course of the deal. Blockchain can impact on this issue effectively through techniques like Smart Contract. Increasing Issues in the Supply Chain Management Effective Supply Chain Management is one of the most effective use cases of Blockchain technology. As several entities are involved in such systems, difficulties in managing the transactions and ensuring a streamlined workflow are possible only through a system like Blockchain. Information Heist Information is sensitive for any enterprise. Blockchain ensures data protection and security optimally. As cryptography is the basis of this technology, nothing can ensure better data protection than blockchain in the current landscape. Bots are Becoming Bothersome? Frauds and Bot traffic are the biggest lacunas in the advertisement as well as in the internet ecosystem. Lack of transparency has become a characteristic of the Internet. Blockchain is the best way to promote transparency in any business transaction as well as operation. How to Evaluate the right blockchain Application developers? There are many blockchain application developers even if it is never enough. Finding out the right blockchain service providers is not a daunting task if one can evaluate them based on certain specific parameters. Here are the aspects to take care while evaluating a blockchain development company: Technologies used by the developers Posing expertise in tons of technology does not guarantee a strong development. However, if the company has a large number of specialized developers in each separate verticals, multiple expertise is possible. Blockchain is based on many underlying technologies. Evaluate, the solution offered by the company to address the specific issue of the business. Experience of the developers When it comes to Blockchain Development, there are certain specifics to which the objective narrows down. There are primarily three verticals: Hosting, Decentralized Application and Private Blockchain. An enterprise needs to evaluate if the blockchain application development company has adequate experience in the specific service type it requires. The outsourcing model and deployment Outsourcing model of service or product delivery should match with the operational process of the client enterprise. Blockchain development and deployment have contrasting differences compared to deployment of web applications. Enterprises should ascertain the most appropriate model matching to their needs. Why Blockchain Application Developers at Oodles Blockchain stand out Oodles Blockchain targeted the major technologies related to blockchain development as core expertise. We have been following a flexible model of business and service delivery to offer the best possible outcomes for our clients. Every project we handle undergoes stringent risk evaluation strategies in each stage of development to ensure an effective solution. Dedicated to intense research and development, we understand the vulnerabilities of Blockchain and the best techniques to eradicate them.

Cryptocurrency Payments Solutions: 5 Reasons You Should Start Today!

Cryptocurrency Payments Solutions: 5 Reasons You Should Start Today!   Although there’s a rapid increase in the numbers of fiat-based payment processors equipped with a variety of tools and payment methods, adding cryptocurrency payment solutions into the mix (in your business) can provide consumers and merchants with unprecedented benefits. Some of the benefits you can gain by allowing to pay in cryptocurrencies are simplicity, privacy, lower overall cost, security and increased level of control over funds. Reasons to use Cryptocurrency Payment Solutions/Methods Once you’ve integrated Cryptocurrency Payment Solutions, it can offer numerous ways to earn interest with almost little or no effort and help protect users’ sensitive data and holding on the go 24/7. 1. Minimal Fees Not long ago, cash was king. Financial institutions used to incentivize people for keeping cold hard cash into their coffers. Today, banks of all types, including debit and credit cards, charge users for their services – money that goes in vain and gives no benefits, nevertheless, there’s some interest earned. Wondering how minimal is the interest we earn and get charged for their services, here’s a rundown of some fees:
ATM fees, Merchant fees, debit & credit card fees, checking account fees, paper fees, overdraft fees, check fees, transfer fees, change fees, charge-back fees, foreign transaction fees, minimum balance fees, inactivity fees, false decline fees, etc. On the contrary, cryptocurrency payments gateways like Coinpayments and Bitpay charge between 0.5% to 1%/transactions. Mostly, a crypto account (a digital wallet where your cryptocurrencies get stored and used) is entirely free. Also, unless you choose to invest in crypto hardware wallets or prepaid cards, except the transaction fee, using cryptocurrencies as money is free. 2. Sensitive Personal Information Financial institutions, as well as retailers and service providers, always have access to their customers’ personal and financial information. Details such as our name, address, employers, net worth, investment, assets, social security number, account balances, credit line, credit score, and transaction history, as well as everything we do and buy, include our professional, personal and financial data sets. Using traditional financial institutions and conventional fiat currency, our privacy is no longer private. Cryptocurrency transactions present an option by curbing the amount of transaction data to numbers popularly known as cryptocurrency wallet addresses and transaction IDs used to confirm that a wallet-to-wallet transaction was conducted. A cryptocurrency payment solution acting as a third party might require your name (your shipping address to deliver physical goods), but other information remains private as long as you don’t proceed with connecting your bank or credit card account and start transacting solely in altcoins. 3. Global Use Cryptocurrencies are a borderless method of exchange which enables users to make instant and cost-effective transactions across the world. You don’t have to wait, no international fees charged and no restrictions as to who can or cannot transfer funds to whom, and when or where those funds can be accessed. An Internet-enabled device is required to provide someone, without access to a banking institution, an alternative solution using which they can safe-keep their funds, pay bills, earn income, make purchases and do business. Another benefit of using cryptocurrencies while traveling is that it can be used as a remote source of emergency reserves accessible without an ID, a bank account, a wire transfer or even a personal computer, but only a smartphone. 4. Simplified E-commerce Enabling cryptocurrency payment solution online has never been easier. Shopify and Etsy retailers can choose to accept BTC, BCH, and altcoins. Woocommerce and Easy Digital Downloads merchants can use WordPress plugins like Mycryptocheckout for payments. And then there’s Shapeshift which provides customers the option to pay in multiple cryptocurrencies. Shapeshift comes integrated with cryptocurrency payment solutions like Bitpay and Coingate that are equipped cryptocurrency wallets like Coinomi and Keepkey. Besides, there is Purse.io, an online platform where users can purchase things from Amazon and pay in cryptocurrency and it is also integrated with Shapeshift, likewise Magento and Openbazaar. Providing the option of cryptocurrency payment solutions is super simple and quick. You just need a cryptocurrency development company offering crypto payment gateway development and integration services. 5. No Chargebacks to Avoid Fraud Sadly, there are buyers who purchase, accept the items they ordered and, probably, even use them only to withdraw their payment. They can do this as payments in fiat currency are not instant. On the other hand, with cryptocurrencies, things are not the same. Once you’ve conducted a transaction, there is no turning back. Funds go from one wallet to another, the transaction gets recorded and can’t be reversed. However, a customer can return an item and request a refund by directly getting in touch with the vendor. Obviously, they can. They need to place an order, make payment, receive it and then request the vendor to provide the sum they paid back on their account. Chargebacks are intended to deter fraud and still they frequently achieve the very opposite. In this example, cryptocurrency operates the same way as fiat money. After you’ve got the item you paid for with money, you can’t visit the store with a degraded or used item and ask for money back. A few more relevant reads: Ripple: For Making Lighting Fast Cross-Border Payments How Blockchain Is Revamping The Cross-Border Payments The Ins and Outs of Cryptocurrency Wallet Apps Development Cryptocurrency Development Services Cryptocurrency Development Solutions

Smart Contract Development | Top Smart Contracts Development Firm

Smart Contract Development > Smart contract   A Smart Contract is a computer protocol which enforces negotiation between two or more parties based on the given contractual clauses. It’s also called a self-executing will which executes itself when exposed to a certain trigger event. The trigger event can be any kind of data input. The transactions made through smart contracts are traceable and irreversible. Smart Contracts are decentralized and make use of the Blockchain Technology. They can be used for the exchange of money, property, assets, shares, stocks, bonds and commodities. And thus, there has been an upsurge in the use of smart contract development services. A smart contract binds two or more parties by the contractual clauses and doesn’t require a third party, central system or external enforcement mechanism. As defined by Nick Szabo who first proposed the concept of Smart Contracts in 1994, these are the computerized transaction protocols that automatically execute given terms of a contract. Why Oodles Technologies for Smart Contract Development? Oodles Technologies offers world-class Smart Contract Development Services at the best market price. We have our niche in Blockchain Applications Development and it’s our forte to deliver the best-in-class smart contract development services to our clients. We also have our expertise in Cryptocurrency Development, Wallet Development, and Trade/Exchange Development Services.

blockchain oodles

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