Blockchain applications Development

Ever since ‘blockchain’ and ‘funding’ found parallel mentions, ICO was considered to be de facto standard for raising funds for crypto project and startups. The process for an ICO is quite simple. A company can offer investors a new innovative cryptocurrency or a representative token that the investors can buy using Bitcoin or Ethereum or fiat currency. This money will be used to finance the development of a new project or application. Future investors receive tokens and a promise that the investment that they have made will benefit them in the form of access to the platform, product or services. In ICO, the legal protection of potential investors is considerably poor. The entire process is based on trust. There is every chance that the trust can be misused and any team can scam the investors. While the rapid advancement of Technology can be considered a boon, making the existing legal system catch up with the technological advancements is another task. This is one of the major reas

Over the past couple of years, cryptocurrencies have established themselves as a reliable and alternate mode of transaction. The benefits of cryptocurrencies range from anti-forgery, low fees and instant redemption. However, this medium is not insulated from controversy. In the recent past, there were a handful of incidents which exposed the vulnerabilities in this system. The most famous example is that of Mt. Gox, where over 850,000 bitcoins were stolen or reported missing. But don’t let this discourage you from investing in this emerging field. Whitelabel Cryptocurrency Wallet development Usually, cryptocurrencies are stored and transacted using digital wallets. Hence, it is essential for one to know of the different types of cryptocurrency wallets available and their uses. For starters, these wallets are broadly divided into two categories - Hot Wallets and Cold Wallets. Hot Wallets are those cryptocurrency wallets that are connected to the Internet. Similarly, Cold Wall

ERC stands for Ethereum Requests for Comments and is used by Ethereum developers. In order to execute a token in the Ethereum ecosystem, the developers need to abide by a set of rules established by the ERC. Tokens developed compliant to ERCs called ERC tokens have become popular over the years. The property of the ERC token that attracts its users most is the fact that it can be traded. This exchange is possible only if its value is standard. Let’s look at two well-known ERC tokens and their characteristics. Ethereum Smart Contracts ERC-20 ERC-20 tokens represent a certain value and come under fungible tokens. Much like currency, they can be interchanged with other ERC-20 tokens as they all are the same. These tokens have the nature of being divisible, meaning you could send someone 0.5 of your token. A majority of the tokens on the Ethereum platform follow ERC-20. For a token to be considered as an ERC-20 token, it needs to fulfill the conditions set by ERC-20. The prima