Crypto Exchange Development With Various Applications: A Case Study

Those who can take full advantage of blockchain technology can set foot in cryptocurrency, wallet, and other applications such as e-commerce, e-learning, and other digital industries. With our cutting-edge blockchain technology and expertise, we can help you build a multi-purpose Crypto Exchange Development that can give rise to multiple applications to transform your business digitally. In detail, we can develop highly secure, feature-rich, and innovative Cryptocurrency Platforms that automate and monitor the following digital aspects of any business:

• E-wallet Management
• Transaction Management
• E-commerce

Features

E-wallet Management

We set up an e-wallet management system that allows users to manage and update their wallets and accounts conveniently and effectively.

Centralized Wallet

• Supports hundreds of significant chains and corresponding tokens.
• Comes with a complete set of interfaces for deposits, withdrawals, and reconciliation of all tokens.
• Takes advantage of the Rivest–Shamir–Adleman (RSA) algorithm and encrypts transmitted data with two interactive private keys for API data transmission.

Local Wallet

• Supports a specific major chain token as the gate to the public chain ecosystem to fulfill the requirements of different users utilizing the public chain.
• Accommodates the storage and distribution of public digital assets for developers, traders, dApp users, and miners.
• Supports various primary chain tokens, making it effortless and convenient for users to monitor multiple digital assets.

Transactions Management

As a distributed ledger technology, blockchain can significantly transform well-established financial organizations and offer many perks (lower costs, faster transaction processing with enhanced transparency, auditability of operations, and many other benefits).

Our fully-developed transaction management system enables users to create and process digital transactions and send and receive Cryptocurrency. We apply blockchain technology to the fullest to reap all the benefits it can offer in transaction management:

• Streamlining Processes.
• Decreasing Settlement Times.
• Reducing Costs.
• Digitizing Processes and Workflows.
• Reducing Operational Risks of Fraud and Human Errors.

E-commerce

Regarding e-commerce, our top-tier developers can utilize the latest blockchain solutions to build a tool that can greatly assist you in managing products, orders, and payment options.

Here are the achievable goals of any e-commerce solution we can develop for you:

• Faster Customer Conversion
• Better Inventory Management
• Higher Efficiency and Productivity
• Higher Customer Loyalty

Technologies

To achieve the objective of building a versatile Cryptocurrency Platform for businesses regardless of their scale and industry, we incorporate many technologies. With years of experience handling blockchain and Cryptocurrency projects, we have developed industry-leading and innovative combinations of technologies to ensure any project succeeds beyond expectations and plans. The following are the technologies we have employed in our recent blockchain-based projects:

• jQuery
• Node.js Development
• MySQL
• Instajs
• Blockchain Software Development
• D3js
• Paypal

Challenges

Although experienced, we have met with challenges that necessitate our developers’ critical thinking and lateral thinking, as well as their technical expertise, to come up with proper solutions. Many techniques have been used to handle these challenges:

• Building Cryptocurrency Platforms in compliance with the up-to-date blockchain technical standards as new concepts of Cryptocurrency arise.
• Developing solutions to guarantee highly secure transactions.
• Creating Cryptocurrency Platforms that can process information with utmost promptness and high accuracy.
• Keeping the balance between performance and practice.
• Providing 24/7 support and maintenance services

Solutions

We have been applying multiple advanced design patterns and various risk control measures for financial web platforms.

About design patterns, our high-caliber developers pay more attention to the following UX/UI Development aspects:

• Stunning user interface designs with a user-centered philosophy.
• The streamlining of the design process is achieved via creative and functional design patterns.
• Utilization of security-backed solutions for best-in-class user experience.

Regarding e-wallet management, our risk control measures include:

• Separation of cold and hot wallets: hot wallets can handle the storage distribution of virtual tokens properly and transfer excessive assets to cold wallets as necessary.
• Hot wallet signature separation: the hot wallet signature engine is separated to guarantee the absolute security of users’ private keys.
• Cold wallet multiple encryptions: we build cold wallet hard disk encryption with multiple layers of password protection.

Business Outcomes

As we build multi-purpose cryptocurrency platforms, we allow our clients to reap huge benefits from the platforms and their ecosystems. Although blockchain technology is still in its developing stage, it is for sure that it will go much beyond Cryptocurrency. As such a tech phenomenon is revolutionizing the FinTech industry, specifically how we transact, record, and verify transactions, we are at the beginning of the blockchain advancement era.