Blockchain, Cryptocurrency, Bitcoin Exchange Application Development with Ethereum Platform

Blockchain has gained a lot of attention & curiosity over the last few years. It the newest addition to the digital currency technology. It opened a new horizon & opportunity for dealing & exchanging Virtual Currency all over the world. Tech communities started to find its potential in the digital currency domain.

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What is Blockchain, Cryptocurrency & Bitcoin

Recently we were hearing a lot of buzz about some terms like, Blockchain, Cryptocurrency & the most common one Bitcoin. So what’s basically these terms stand for?

In one phrase Blockchain is basically the technology for digital currency or Cryptocurrency & Bitcoin is the most popular Cryptocurrency. Blockchain technology was invented to create Cryptocurrency which is basically a medium of digital or virtual currency exchange. But unlike the hard currency its digital or virtual and also uses encryption & validation techniques for crypto or virtual currency creation & transaction verification.

So, Blockchain is the technology for creating digital asset like Virtual or Cryptocurrency & Bitcoin is a Cryptocurrency which is one of the most famous among many others. Blockchain is mainly a digital, decentralized & distributed public ledger for keeping record of all peer-to-peer virtual, digital or cryptocurrency transactions. So, Blockchain keeps records of all cryptocurrency transactions without a central record system & each node, device or peer gets a automatically downloaded Blockchain transaction copy. It’s a great innovation of technology which allows users to transfer cryptocurrency assets through Internet without a centralized body. This technology can open various positive avenues in future financial market, but at the same time can be manipulated in many ways for forgery & unethical means.

Cryptocurrency

Cryptocurrency is a virtual or digital asset & has various types or coins such as Bitcoin, Litecoin, PotCoin, PrimeCoin. It uses encryption & tokens for verification & transaction. For buying, selling, exchange, trading, investing or other virtual currency deals it operate & execute with blockchain native token or subtoken.

Ethereum

Ethereum is one of the most popular decentralized, distributed public platform for blockchain & cryptocurrency ledger handling. It generates token & subtoken for every transaction. Its a open source computing platform with smart contract feature.

Key Features of Cryptocurrency Exchange Portal

• Distributed, decentralized blockchain network
• Live exchange rates
• High frequency trading & order execution
• Blockchain Analysis
• Data Visualization
• Blockchain Smart Contracts
• Secure Token & Validation through API
• Smart storage for data & contracts
• Auto approval with verification for exchange, buy, sell
• Multiple exchanges & market discovery as per client’s API preferences
• Easy User Access & Full Control
• Highly encrypted, safe & secure
• Downloadable Trade History for User / Customer & Admin
• Provision for Gateway Integration
• Easy rollback for users with auto validation against token
• Component Isolation for devices
• Circuit breakers & alerting system to Admin for customer accounts

Primary Flow:

• Real-time exchange rate through API engine.
• Registration & Login through Web Portal
• Account ID verification with integrated API & existing Wallet
• User Area with real-time rates & other features
• Available crypto currency exchange screen with real-time rates
• Easy exchange process
• Transaction history screen
• Token history
• Ticket generation for support & queries

User / Customers Centric Features:

• Live rates
• Easy Registration
• Guide
• Dashboard area with transaction history & data
• Account Report
• Liquidity
• Speedy execution
• Asset Safety
• Highly Scalable for exchanges
• Processing & validation through real-time engine
• Account & asset security with encrypted algorithm
• Easy exchange & transaction
• Easy rollback with auto validation against token

Major Backend Management Features:

• Dashboard feature puts critical Transaction information in the forefront
• Analytical Stats at a glance in Dashboard.
• Site monitoring & approval.
• Access Management.
• CMS for Website.
• User Management.
• Plugin Management.
• Transaction History.
• Auto Validation.
• Token History
• Built-in reports
• Save reports as PDFs or Excel spreadsheets
• Track sales
• Monitor tasks
• Coaching tools
• New business and forecasting tools
• Graphical comparison reports on different time periods
• Trade History
• Run sheets, expiring contracts, aging
• Transaction, revenue, commission, credit hold reports

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