Jump to content


  • Content Count

  • Joined

  • Last visited

  • Points

    0 [ Donate ]

Community Reputation

0 Neutral

About riyasteve

  • Rank
    New Money Maker

Contact Methods

  • Website URL

Profile Information

  • Country:

Recent Profile Visitors

The recent visitors block is disabled and is not being shown to other users.

  1. Ethereum is to blockchains as Bitcoin is to cryptocurrencies! While Ethereum does not have so much of claim to fame as the Bitcoin, it still can be considered a superhero in the crypto world. The Ethereum blockchain allows you to create your own cryptocurrency or token. These tokens can be purchased using Ether, the native cryptocurrency of the Ethereum blockchain.the tokens and their behavior are defined by the standard which is commonly known as the ERC-20 standard. All the tokens that are created on the Ethereum blockchain need to be compliant with the ERC-20 standard. This compliance ensures that the transactions can happen without any hiccups. How Does the Ethereum Blockchain work? Just like Bitcoin blockchain, Ethereum is an immutable and transparent digital ledger. It keeps an account of the balances, the transactions and all the other records on the blockchain. However, the key difference between Ethereum and Bitcoin is that the former is a platform that allows you to create your own new token without creating a new blockchain. You can create your own Ethereum token with a smart contract and in compliance with the ERC-20 standard. Read More @ http://bit.ly/2Ql9Ko9
  2. Smart contracts are digital contracts that are automated i.e. they do not require any intervention of a human to oversee the processes. If the conditions coded into the smart contracts are met, then it executes itself. What are the areas in which this smart contract can be used? Property Generally, contracts that are written for the purpose of sale and purchase of property are lengthy and expensive. Smart contracts can simplify and speed up the process while helping their users save on costs. Medical The aspect of healthcare is extremely important. Every tiny detail and second count, therefore time-saving and cost-effective solutions can really make a difference. Smart contracts provide a secure and convenient way to store sensitive data. Voting process It should take place ethically and without any malpractices. For this purpose, smart contracts are the perfect answer. Insurance Claiming insurance is a tedious process. Smart contracts can automate processes and simultaneously reduce the costs involved. Patenting Obtaining a patent of ideas or products can be done easily with smart contracts. Since they are immutable, they cannot be manipulated. There is always a record or proof of the entered data. The use cases of these smart contracts increase day by day. Industries are realizing its potential and employing these digital contracts in their operations. Looking for someone to handle your smart contract development? Blockchain App Factory is experienced and skilled. Have a look at their services to know more.
  3. Smart contracts are a type of digital contract that is trackable and irreversible and can be performed without the need of a third-party within the blockchain. They can help you with a wide range of transactions, from the exchange of money to property. It works like any other contract or agreement in the real world, but once it’s built into the blockchain network, it becomes automated. All the information that was entered into the contract is executed without the need of human interference, meaning, the contract executes itself.
  4. While the debate regarding the pros and cons of cryptocurrency is going strong, the blockchain technology behind the digital currencies is taking over more industries across the globe. Some industries find blockchain-based applications to be enticing, while others are excited for the longer-term opportunities with the potential to provide their customers with ultimate transparency. No matter what their motive is, it is clear that the immutable and candid nature of blockchain is what so many companies are trying to implement. Its potential is obvious for not only the banking and financial industries, but also for the real estate, healthcare, and even political fields. With crypto coins gaining more popularity over the years, it is no wonder that the blockchain’s biggest application is in the financial sector. Existing digital currencies are able to ensure the secure storage of records and also a quick and cheap transfer of money via the decentralization feature of the blockchain technology. At first not so evident, but surely one of the most significant applications for the technology would be the healthcare industry. The accessibility of the patients’ health records by the doctors with the help of the blockchain presents a revolutionary innovation. From the patient’s date of birth to his last record of vaccination, the securely stored data could be lifesaving in case of emergencies. Taking into account the ongoing controversies in the political arena, blockchain could stop them all in no time. By incorporating the voting system backed by the secure blockchain technology, it would be impossible to hack it. Voters registrations, as well as tallying votes, would be fixated on the indisputable platform with no further necessity of recounts. The security of digital relationships is a reality that was not accessible to us a few decades ago. Nowadays, however, it keeps catching the attention of every other company willing to influence market on a bigger scale. Blockchain industry applications are growing as the days go by, so don’t miss the chance to be the pioneer in your industry and contact Blockchain App Factory for the guidance.
  5. The use of smart contracts has been on the rise given the growth of security tokens and digital assets. Their applicability in almost every conceivable aspect of a business explains why the need for auditing is also on the rise. Smart contracts are the crucial piece of any outstanding blockchain business and the computer-based protocol is self-executing, therefore it is vital to find any imperfections before the code launch. To mitigate the risks of any hack attack, carrying out a meticulous investigating process in the code to find security flaws and vulnerabilities is the key. This unique concern about the vulnerability that comes with Smart Contracts is also a consequence of the DAO attack. The Decentralized Autonomous Organization (DAO) became very famous in 2016 when they created a platform for the development of Smart Contracts. Read More @ http://bit.ly/2Ul0TaP
  6. Smart contracts govern the way in which a blockchain functions. The immutability of the blockchain extends into smart contracts as well – a smart contract once coded cannot be modified. This is one of the primary reasons for the blockchain and the data in the blockchain being super-secure. There is no way to edit the data on the blockchain, and there is no way to circumvent the conditions laid out on the smart contract. This advantage has made blockchain highly dependable for financial transactions, maximizing security and minimizing efforts and expenses. However, sometimes, the biggest boon also becomes the biggest bane. Any software is supposed to have some room to ‘evolve’ and smart contracts, by virtue of their immutability, lack that attribute. Anything that doesn’t change according to the changing times cannot be honored with the prefix ‘smart’, and smart contracts should not be an exception. Read More @ https://www.blockchainappfactory.com/blog/how-to-write-upgradable-smart-contracts-in-solidity/
  7. Information has become one of the most valuable things nowadays. Some companies even pay millions of dollars to have access to data that can help them with sales and to plan better market strategies.Therefore it’s clear that we’ve been living in a world driven by data, and keep all of this data safe is a big concern. That is why Smart Contract Audit is a mandatory step before deploying the computer-based contract. Before going through the audit itself, let’s take a look in what is a Smart Contract. What is a Smart Contract? Smart Contract is a computer-based protocol built in a blockchain network, created to facilitate, verify and enforce negotiations without the need for human intervention. Read More @ https://www.blockchainappfactory.com/blog/how-to-audit-smart-contracts/
  8. A Bitcoin wallet is not limited to one type. Therefore, if you are going to get one for yourself, firstly it is important to know if you are comfortable storing your bitcoins online or offline. For each preference, there is a type of wallet. Bitcoin wallets can be categorized into three types - hardware, software, and paper. Hardware - A hardware wallet stores a user’s public address and private key on a physical device like a USB. A user can gain access to their Bitcoins by plugging in their wallet to a computer or any other internet-connected device. Transactions occur online but the private and public keys are stored offline. You can buy a hardware device online, but it might take a while as they are in high demand. Software - Software wallets are basically wallets that exist on a website (online) with the keys stored on the cloud, as an app on a smartphone (mobile) or on a private computer (desktop). Software wallets are easily downloadable from the internet. Paper wallets - A paper wallet is a piece of paper that has the public address and private keys printed on them. Users can use a paper wallet to transfer funds from/to their software wallets. With all these options, you can use a wallet that will suit your needs. Keep in mind that security is key. Be wary of scammers who will swindle your funds and disappear. Always consult, research, and be prudent before you store all your funds in your wallet. To Create Your Crypto-Wallet Click here
  9. A bitcoin wallet helps its users to store their private key and public address in order to gain access to their cryptocurrencies and carry out secure transactions with them. Wallets can be physical devices (like a USB or any other hardware device), on paper (a printout of both public and private keys), as software (on a private computer), or a web wallet (online website). Several exchanges create wallets for new subscribers. If you are a user, you will only have to fill your wallet with bitcoins. Usually, when your wallet is managed by third parties, transaction fees are charged and there is the issue of security. In this case, unmanaged wallets prove to be a cheaper and safer option. There are multiple free wallets available in the market to choose from. You can pick based on your preferences - level of security, privacy, platform, etc. Depending on what suits you best, you can go ahead and choose a mobile app, an online platform or even a hardware device. Apart from all this, the most important task is to ensure that your funds are safe. Make sure you approach a trusted third party or download a reliable application to hold your cryptocurrencies.
  10. Blockchain was introduced to the world with the entry of the globally famous cryptocurrency, Bitcoin. Now, it is important to know that the applications of blockchain technology are not limited to bitcoins. As one digs deeper into this futuristic technology, there is so much more to discover. From formulating self-executing digital contracts to storing medical data, blockchain does it all. There is no constraint to its germination, therefore, allowing it to be an exceptional technology to work with. The idea of blockchain is quite simple to grasp on the surface, but it might get more complicated as we get into it. The diverse uses of blockchain technology contribute to the difficulty in completely comprehending the vast subject. What is Blockchain? A blockchain is a digital ledger that stores data while eliminating the risk of manipulation. Information on the blockchain is shared with the whole network and verification takes place transparently. Data is not stored on a single location and therefore it is not vulnerable to hacking. Read More @ https://coinratecap.com/blogDetail/complete-blockchain-technology-guide
  11. There are various cryptocurrency wallets based on what platform they can be accessed on. The following are the types: Hardware wallets allow users to store their public address and private key on a physical device. A user connects their wallet to a computer or device that is internet-enabled to access their funds. Software wallets Software wallets consist of the following three types - Online(website), mobile(app), and desktop wallets(private computer). Paper wallets basically have the public address and private key printed on them. A user can use the keys on the paper wallet and send funds to their software wallet. To build your own Whitelabel Crypto Wallet, Blockchain App Factory is a great development company among most.
  12. Blockchain has numerous applications in various industries. It is a decentralized public ledger that can store data and record transactions permanently. For a business, blockchain technology can do wonders. Businesses make thousands of transactions regularly. Moreover, the amount of data recorded is not minimal. Blockchain can help by upping security and simultaneously creating a more efficient system. These enterprise blockchain solutions can be availed at companies providing blockchain-based services that match your business. From what I know, Blockchain App Factory can help you with that. They specialize in blockchain and its applications and can truly assist you in taking your business forward.
  13. A cryptocurrency wallet is a device used for the purpose of viewing balances and exchanging digital currencies. The wallet does not actually store cryptocurrencies but stores the public addresses and private keys used in order to carry out transactions. The public address is used to exchange cryptocurrencies between users, while the private key is used to gain access to them. There are various types of cryptocurrency wallets providing users with different ways to store their currency. They can be categorized into - hardware, software, and paper. Hardware wallets A hardware wallet allows a user to store their public address and private key on a physical device like a USB. All a user needs to do is connect their wallet to a computer or device that is internet-enabled. Even though the transactions occur online, the keys are stored offline, thereby enhancing security. Software wallets Software wallets consist of the following three types: Online Online wallets are controlled by third parties, which is one of the major reasons why they are not as secure as the other types. The keys are stored on the cloud and can be accessed from anywhere. Mobile Mobile wallets can be accessed through an app on a smartphone. A user always has a smartphone on hand, making transactions easy and efficient. Desktop Desktop wallets are downloaded or installed and can be accessed only on a single computer. It provides users with high-end security. Paper wallets Paper wallets basically have the public address and private key printed on them. If certain measures are taken, this is considered as an extremely secure way of storing cryptocurrencies. If the user needs to use/transfer funds, they can do so by using the keys on the paper wallet and sending funds to their software wallet. The above are the types of cryptocurrency wallets based on their working. It is important to ensure that all precautions are taken before building a wallet and using it for the transfer of funds. If you need some help developing one that suits your preferences, then you should have a look at Blockchain App Factory. A pioneer in blockchain technology, they can guide you through the entire process effortlessly.
  14. Trade your Cryptocurrency with Blockchain App Factory.They develop Secure Whitelabel Cryptowallet for ERC20/ERC223 ,Bitcoin/Litecoin, Cryptonote/Monero, Doge/Waves/Dash with the Following Features.Mechanism Secured Authentication & Authorization Send and Receive Function Billing and Invoice Admin Panel Windows/Linux/Mac Wallet iOS App Android App Push Notifications Airdrop to All or Specific Users Smart QR Buy/Sell advice based on average cost per coin Account labeling, color coding, budgeting and separate business/identity management Automatic generation of a new public key for each transaction + manual one-touch address generation Alerts/Feeds Decide what exchange you pull your price Payment gateway integrations Multiple Cryptocurrency Security Import/Export private keys to a new wallet for the same user Optional Timed Logout Optional Password Protection Automatic denial of payment to the same address twice Client-side private key storage Zero Knowledge on Private Key Device Validation Legal Security KYC Legal Contract To Know About their Pricing Details Click here
  15. It might not be considered an exaggeration to say that ‘security’, ‘finance’ and ‘trust’ go hand in hand! Since finance is all about money, ensuring that the funds are not vulnerable to threats, security cannot be compromised. Since the ledger containing all the transactions is the only reliable source, the ‘trust’ that all the involved parties have on the leger-maintainer is another important aspect. When we introduce blockchain - the secure, immutable and transparent ledger - finance sees an unfathomable magnification in awesomeness when viewed through the blockchain-lens. Centralization: The old-school way of maintaining financial records, as seen earlier, was on a ledger. The problems in this method are the intentional break of trust - financial institutions operating with malicious intentions, and unintentional error - inadvertent wrong entries, as it is human-operated. In a decentralized ledger system, there is no centralized party that alone has the powers to make entries or changes on the ledger. In fact, once a block on the ledger has been created with the transaction data, there’s no way to go back and change the details. This decentralization and automation bring speed, trust, and security - important attributes when it comes to financing and transactions in today’s world. Benefits of Blockchain in Finance: Blockchain has the credentials it takes to realize the existing financial systems, introducing a lot of benefits of trust, transparency, efficiency and last but not the least, inclusiveness. Costs - In Time and Money - Sending money from one bank to another across international borders could take days, and might cost a significant amount of money - attributable to the centralized nature. However, with a distributed ledger like blockchain, the transaction can happen relatively faster and for a significantly lower cost. This potential has been realized and recognized even by global banking giants like JP Morgan, who operate their own private, semi-centralized blockchain. Funding of Projects - There have been instances where potential businesses and projects have suffocated and failed because of want of funds. The process of funding your project in the current VC or IPO system seems a cumbersome process. However, with blockchain technology, you can finance your project using a number of methods like ICOs, STOs, and IEOs. The technology not only breaks the bureaucracy but also international borders - startups budding in remote parts of the world have accessed funds and grown, only because of blockchain. Trust - This little word holds a lot of significance and meaning. There have been allegations that the current financial system functions for the benefit of a few. With blockchain and the attribute of immutability it brings along, it is always possible to track transactions and weed out possibilities of malpractices. Blockchain, with its global scope, has the potential to operate in its optimal health, while being completely immune even to the currency-manipulations by governments. Inclusiveness - All that is needed for blockchain to operate is a device with minimum computing power - the conditions that can more than adequately be filled by a smartphone. This would mean that blockchain has the potential to even render the classic brick-and-mortar back obsolete. Blockchain can take banks to even the remotest parts of the world - all that is needed is a mobile device. Private Blockchains: Private blockchains have presented themselves as the bridges between banks and blockchains. While the immutability, security, and transparency of the technology is maintained in its default form, the ‘trust’ factor is taken outside. The participants have to believe that all the members will act in accordance with the rules. The ‘trust’ has always been in this shape for banking, and if the advantages of speed and security can be gained, then why not private blockchains, right? This might not be the ‘everything’ but is sure ‘something’ when it comes to unifying the big Bs - banking and blockchain! What Does the Future Hold? Based on the occurrences so far, blockchain for finance is not a fad, but a hard-hitting and influential reality. The biggest banks like JP Morgan, the technology providers like IBM, and even the stock exchanges of Malta and Germany have accepted this and accommodated blockchain. The industry, valued in the vicinity of $200 million, will reach $3 trillion in 2023 according to Cointelegraph. Blockchain for finance was then a fad, now a reality and will soon be mandatory! Blockchain App Factory’s wide spectrum of services including creation of exchanges, crypto coins, ICOs and STOs, will ensure that you stay in the game and stay relevant in a world where finance and blockchain are inseparable!
  • Create New...