app developer for blockchain Archives - Winklix

If you are a newbie to blockchain technology, then one of the first things you need to have is blockchain wallet. If you are want to carry a cryptocurrency, then you need a place to store the cryptocurrency. Blockchain wallets give you exactly that. They are a secure place just like a bank and wallet is like an account in the bank however without a bank. Blockchain technology is used by the bitcoin wallets to store the cryptocurrencies. Blockchain wallets are either run online or using a software. There are two types of blockchain wallets. These are as follows:

Web/Hosted Wallets:

These wallets are hosted on web by the third party host. Money is a crucial thing. Nobody wants it get stolen. So while choosing these type of wallet host, keep an eye on the security provided by the third party host. Make sure that security of your cryptocurrency is very tight. These wallets are convenient to use and have a very user-friendly user interface.

Software Wallets:

Software wallets are the wallets which you can easily install on your mobile phones and laptops. These types of wallets are difficult to maintain but gives you total control of your cryptocurrency. This type of wallet has a much better security as compared to the hosted wallets.

Choosing the right bitcoin wallet

To get started, Blockchain wallet is preferred by most of the people. It provides high end security, very convenient to use and maintains privacy of the user. But as the user get some more experienced and have the knowledge how the blockchain system works, he/she should his hands on another bitcoin wallet known as coinbase. Coinbase has a much better security as it uses seed phrases and it is not a web based app. It is rather a desktop app.

To start with, you need a platform which is very simple to use, cross-platform and global. Blockchain has all the required necessities. This makes it perfect platform for the users. Bitcoin is quite different from the banks. Bitcoin wallet offering companies do not have the authority to view the balance and the transactions made by the users. These wallet companies are eager to solve any queries and questions regarding Bitcoin wallets with their dedicated FAQs on the cryptocurrencies. This is done to build the trust of the users helping them to use their bitcoin wallet.

The most popular wallet available in the market is coinbase with over 8 million users in the 32 countries. It offers buying and selling of bitcoin and other cryptocurrencies like Litecoin and Ethereum. It helps in the protection of insurance, provides mobile wallet, instantaneous exchanges and recurring buys.

Other wallets from blockchain technology

When you become more than more aware about the blockchain technology, you will find that there are numerous bitcoin wallets which you can choose from. One of the popular platforms is the Jaxx blockchain interface which supports many other platforms. The best feature of this wallet is that that it restricts the access to your funds and no verification is required for it.

To swap various digital cryptocurrencies that you hold, ShapeShift platform provides a great opportunity to do this. The whole code of the Jaxx is available for audit, making it one of the most secure platforms as it is present on most of the browsers and smartphones. As the developers and the users can view the code, users feel highly secure while using the platform.

These are time where value of BTC and ETH is augmenting rapidly. That is why a hardware wallet can provide maximum security although it is kind of old school. Ledger Nano is a hardware wallet which is compatible with many cryptocurrencies and can be connected by a USB to a computer or laptop. It has a feature of double checking each transaction to ensure the security of your cryptocurrencies.

For more tips on Decentralised app development , you can refer our article here .

Developing the future blockchain wallet

As this blockchain technology is a newbie, the developers are looking to quickly pounce on it. They are looking forward to take this technology to new height and are building more advanced blockchain wallets with new features.

Nimiq is a new cryptocurrency wallet built in the web browsers like Firefox, Chrome. You can even mine the cryptocurrencies in there. It gives you huge advantage as it offers an easy installation. Nimiq is looking forward to build a 3^rd generation blockchain protocol which will allow you to sync, free installation and offer instantaneous installations. Bitcoin wallets have a great fortune as far as the future is concerned. Its significance will rise when more and more people start using this technology.

We, at Winklix has expertise knowledge in developing blockchain app and wallets, and that’s why we are know to be the best blockchain app development company . If you are interested in getting your app build by the blockchain app experts, then contact us right now!

Am I the only one who have seen first glimpse of cryptocurrency revolution , by which we all are being exposed to blockchain – The network of Nodes . As a dApp development company , the concept of Blockchain has made itching in our hands to create decentralised application or dApps – A open source software totally based on Blockchain technology .

The market of decentralised blockchain is growing at fast pace , so is the blockchain based mobile application .

Given below are myriad of reasons of how dApps can be smartly used .

Ecommerce / Decentralised Marketplace

The Idea : In order to create a new financial system wherein transaction can be done from peer to peer , and centralised banking has no power can only happen if Blockchain concept exist together with cryptocurrency. It is fact that decentralised market need to be necessarily exist , if we want dApp market to be achieve sustainability .

Benefits : The decentralised marketplace is fully secured marketplace which works on peer to peer network which simply means no single point of failure exist in this network . This concept can aid us in trading with cryptocurrency for goods and services , thereby not using any third party like PayPal , and customer can make the payment directly . Accounts are tied to cryptocurrency and hence you will get rid of your hold/transfer of money on your respective mercy of account holders .

Crypto-Collectible Games

The Idea : Blockchain open the new door for gaming industry as well . The blockchain ability to create social spaces and worlds are expanded to infinite level . Games like EVE Online has taken birth due to blockchain .Integrating concept of blockchain into a pre existing system can lower barrier of entry , thus increasing active player base . The dApps concept can give rise to gaming , gambling and much more which are yet to be explored .

Benefits : Games like Magic : The Gathering are build for trading with friends , but free time and team togetherness can act as a barrier for this concept to always work. So if you are planning to build your business on Blockchain concept , games like this are most profitable dApp , and plenty of improvement are yet to come , as the real big app to touch the sky is yet to come .

Messaging / Social

The Idea : We always had our majority of communication through use of messaging apps , in social media is playing a pillar role in communication . dApps are offering blockchain based messaging services .

The introduction of EtherTweets which is know to be decentralised version of Twitter with help you publish 160 character of message , but once the message has got published no body can remove or take it down expect the publisher . Accounts can also receive donation on Ether donation , which can influence user to stick with the platform .

Similarly Status.Im ( currently in beta version ) is a open source platform which act as a marketplace where anyone can list their dApp and a user can download the same .

The Benefit : Giving means to easily share and exchange coins together with freedom of sharing thoughts through social media , wherein no one can delete the post except the owner itself will surely be the future of social media .

Crypto Wallet

The Idea : In Ethereum the value of the Ether fluctuates at fast scale , so you will necessarily need a place to keep the record of your coins . There are various ways of counting , but wallets will be requiring private keys to access your currency . The best wallet works across all the platforms and will facilitate you with inbuilt backup and restore facility .

For instance , CoinBase a digital platform on which we you buy and sell Bitcoin , Ethereum & Litecoin .

Benefits : Crypto wallet will gain its popularity , as cryptocurrency has already left its foot imprints in the market . There is no universal dApp per currency in the market and hence plenty of opportunity has yet to come in the market.

The Potential of dApp Development

The true potential of dApp is yet to be seen , the best time to educate yourself about the concept of blockchain is now . So explore the world of Blockchain , and varieties of currencies which are available in the market . While dApp development companies won’t be able to replace any traditional app , but it’s easy to develop something new which will be know to be the future of app development , as none of the app have gained the huge popularity worldwide yet .

Winklix.com is also leading blockchain app development company based in India . Contact us now for your next big Blockchain based application .

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BLOCKCHAIN WALLET: HOW DO YOU CHOOSE THE RIGHT ONE?