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Why do we need Cryptocurrency development?

Author: John Smith
by John Smith
Posted: Feb 02, 2020

Cryptocurrency enables the entrepreneurs and industries to sell their goods and services at a scale that was impossible with retail trade methods. This leads to the full market cap of combined cryptocurrencies raise upto 1000% last year.

The cryptocurrencies have been revolutionizing the digital space for a while now. Bitcoin is the first cryptocurrency that hit the digital floor in 2008. With the arrival of cryptocurrency, blockchain came up as a platform for the digital cash to be put to use. It cannot be denied that the introduction of cryptocurrency was looked up as a scam by many in the beginning. On the other hand, a few experts claimed that it shall lead to a greater good in the days to come. It has been surviving all the waves of criticism and has managed to make its venture into the mainstream economy on a global level.

At present, it is hard to find a sector to which the digital currency has not made a contribution meaning cryptocurrency has touched upon almost all the spheres. These spaces include industries such as finance, banking, logistics, supply chain, healthcare and many more.

Many blockchain projects are in progress and all of them can rely strongly on cryptocurrencies such as Bitcoin, Ethereum and Litecoin for cash transactions. After all, capital flow is the strong force of any given project irrespective of the nature of the same. With such a huge scope, it is obvious that the cryptocurrencies will be an integral part of commerce this year as well.

Benefits of starting own cryptocurrency

Decentralised: Decentralisation is one of the most named benefits you get when you create your own cryptocurrency. This peer to peer system provides greater degree of freedom as the no other financial intermediaries can control or check the transactions made at any cost.

Anonymity: None of the purchases are linked to the personal identity of the trader. For those who don’t want any governing their finances, cryptocurrency is the best choice. Cryptocurrency trade is best suited for those who prefer their identity to be protected until he or she volunteers to reveal. During every use of cash and card payment systems, the entire transaction history comes under the notice of the bank or the centralised authority. This gives the authority the total freedom to check on your account balances, spending and funds are available.

Contrarily, cryptocurrency allows the terms and needs to be negotiated within the two parties itself without any governance. This protects the privacy of your financial history and restrains from any hack or theft which is prevalent in the traditional system.

Transparent: Even though the trade and the transactions are well secured, all finalized transactions become available. However personal information is hidden. In traditional business dealings, there are numerous middlemen who make direct transactions more complex. There’s manual paperwork, brokerage fees, taxes and commissions.

But crypto trading is a peer-to-peer networking structure that totally eliminates middlemen avoiding doubts. This direct trade provides greater clarity in establishing audit trails, less confusion on to whom the fees should be paid, greater accountability and trustworthiness between the buyer and the seller.

Safety: Cryptocurrency is not vulnerable to hacking. Cryptocurrency cuts out double spending and saves trade from fraudulent activities. It also restrains counterfeit attempts unlike fiat currencies.

Taxes: Cryptocurrency does not account for any taxes but it serves with the less operational costs as it direct and there is no intermediate passing. The best part of cryptocurrencies is that they are not curbed over different local currencies. Cryptocurrencies possesses the unique tendency of escaping the charges imposed for exchange, interest, transactions charges, or other any other taxation by any country.

This peer-to-peer mechanism makes helps cross-border transfers and transactions to be conducted without complexities over currency exchange fluctuations.

Create your own cryptocurrency

Working on the complex calculations maybe very difficult to crack for those who are into starting own cryptocurrency. Mining, buying and selling may create an ordeal for inexperienced and new traders. For an easy and professional cryptocurrency development services you would probably need assistance from well experienced crypto consultants.

With almost guaranteed returns you can easily invest by building a cryptocurrency. Many creamy layer companies and entrepreneurs have already stepped into creating a new cryptocurrency. With the assistance from best cryptocurrency development company have already made their accomplishment. The company possesses expert team to guide you to bring out the best results in building a cryptocurrency.

As a cryptocurrency development company we offer highly secured and sustainable cryptocurrencies according to your needs. Get the privilege of cost-effective Cryptocurrency wallets and exchange services with the robust technologies.

Developing cryptocurrency needs much technical work to be done. But still with the help of development companies there are many digital currencies which have been evolved and much more are yet to come in the upcoming years. After seeing the immense leap of Bitcoin many are getting ready to jump into the field of crypto trading.

How can I build my own cryptocurrency?

Make a cryptocurrency

First of all while building a cryptocurrency, be sure to choose which type of cryptocurrency suits your business. You can get advice from experts to be more precise. With the help of Blockchain Technology you can make your own crypto coin including the network. The use of latest algorithms into crypto coins by Cryptocurrency Coin Development Services is the best way to reach the client requirement.

You have to be sure about which type of cryptocurrency you want to create- coin or a token. Both of these mostly serve the same purpose, but can be altered and customised with the business requirements. Coins operate on their own blockchain like but tokens depend on other networks to verify transactions and store them. That is tokens need not compulsorily have a new blockchain.

There are many more options in choosing and developing cryptocurrency to boost your business. Check out the top coins and tokens to have a better understanding and idea on which type will suite your business. They require highly technical coding and calculating knowledge to complete. Of course, it is a bit complex so it needs some understanding on modifications is still essential, but still the wide web is full of tutorials and guides. Nevertheless cryptocurrency developers will help you to achieve your ideas skilfully.

Cryptocurrency Wallet

With the numerous new born cryptocurrencies, the necessity for security in digital currencies has also increased. For any trade in the cryptocurrency market, Cryptocurrency Wallets provide easy transactions and top notch security. Crypto wallets manage your digital payment process making it much simpler and secured.

With a wallet, you can make secured transactions at a faster pace. Since it is a completely encrypted space, there is no room for third party interruption which prevents data theft. Almost all the blockchain wallets provide multi- currency support so that the users can transfer different kinds of cryptocurrencies such as BTC, ETH, LTC and also fiat money under one platform. These wallets can be built according to the cryptocurrencies you use and trade.

We can choose wallets that are well suited for our enterprise. Depending on our usage we can decide on the wallets that can be used online and offline.

Hot wallets: Hot wallets need internet to run. These wallets work on internet connected devices like a computer, mobile phone, or tablet. Having a hot wallet is the easiest way to store small amounts of crytocoins. It allows very simple and fast spending and receiving payments. As this wallet accounts fast access to user funds, most exchanges utilize these kinds of wallets at least to some extent. Desktop wallets are one form of hot wallets that can be installed on a system that is connected to the Internet. They allow easy accessing with control over your private keys and help you to encrypt your wallet preventing hackers. Mobile cryptocurrency wallet development also gives maximum comfort as it can be accessed from anywhere just with our mobile phone.

Cold wallets: Contrary to the hot wallets, cold wallets don’t need internet to work. Generally cold wallets are more secure, as it is not prone to hackers. These cryptocurrency wallets are is mostly preferable for people with a significant amount of Bitcoin or any other cryptocurrencies. Paper wallets and hardware wallets are some examples of cold wallets that provide zero space for hacking.

Cryptocurrency Exchange Platform

To easily buy, sell and trade cryptocurrencies with any other digital currencies or assets you need a Cryptocurrency Exchange Platform. Developing your own cryptocurrency exchange provides a secure and reliable platform for the traders and investors. Select the best cryptocurrency exchange platform that helps to widen up your trade.

Rather than to spend all your valuable time in the development stage itself you can leave all your confusions in the hands of the best cryptocurrency Exchange Development Company to provide all the necessary things for creating a new cryptocurrency platform. To escape from the prolonged processes white label cryptocurrency exchange software seems to be a more convenient alternative ‘Readymade cryptocurrency Exchange software’ package. White label exchange platform provides the comfort of getting into the market in no time.

Initial Coin Offering

It is true that launching an Initial Coin Offering (ICO) is a good way to raise funds for a project at a quicker rate. But then, fundraising should not be the only goal of any ICO launch. Any ICO launch with only fundraising goals will crash down very soon. On the contrary, an ICO should be intertwined to a product. The success of an ICO depends on the demand for its tokens. You need to create a high market demand for your tokens so that the value of your product is at raise.

When it comes to an ICO launch, there are a lot of processes that lay behind the same. Some of them may be, token creation, whitepaper drafting and ICO listing. It is near impossible for you to do it all alone and it is better to take professional assistance.

There are many companies that specialize in ICO development services and getting associated with a good ICO development companies like SHAMLA TECH should make things easier for you.

What they do?

The company provides a wide range of pre- ICO and post- ICO services. Here you go.

Pre ICO services

  • Whitepaper drafting
  • Landing page development
  • Smart contract development
  • Community reach

Post ICO services

  • Blockchain development
  • Exchange listing services
  • ICO summary
  • Full- fledged support

Benefits of Cryptocurrency

If your project needs its own blockchain, you need to create your own crypto currency to innervate the nodes adding their processing power. Interestingly some fields have not introduced their blockchain technology yet so it’s the right time to join the pioneers of the new wave.

Additionally you will be secured and ever growing. Apart from the easier business deals with the cryptocurrencies, it makes your eyes wider with these freebies…

How can I find the best cryptocurrency development services?

The programming behind making a unique token or a coin can be very a complex mechanism. To avoid confusions SHAMLA TECH is ready to take care of all the technical work and present a fully functioning cryptocurrency to you.

What they have to offer?

  • Cryptocurrency Coin Development Services
  • Initial coin offering
  • Crypto wallet development
  • Dashboard setup
  • Cryptocurrency exchange platforms
  • Coin mining

Why they are the best?

  • Expertise coupled with experience
  • Quick response
  • Selective hiring plans
  • High security
  • Ultimate reliability
  • Complete transparency
  • On time project delivery
  • Real time report
  • Customized service packages

How to hire developers

  • Send them a message with a short description about the project
  • Shortlist the developers you want to hire
  • Conduct a personal interview
  • Finalize the developers you want to hire
  • Begin the project and track progress with real time report

The company offers cryptocurrency development services at full swing with experienced developers. Clients are their first priority and they are ready to expand their boundaries to bring in 100% client satisfaction.


About the Author

John Smith is a passionate blogger and Cryptocurrency consultant having ardent interest in Application development in the cryptocurrency and business space.

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Author: John Smith

John Smith

Member since: Sep 24, 2019
Published articles: 2

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