The evolution of ICO and what does 2019 hold for the ICO market

If you are looking for an ICO development company to launch your ICO, let’s gain insight into the past and the future of ICO in the first place.

Over the years, diverse technologies and digital advancements have simplified numerous things for humans and revolutionized various sectors. One sector that has experienced such revolution is the finance sector.

Some remarkable technological advancements that have taken the financial world by storm are blockchain technology, Initial Coin Offerings (ICOs) and cryptocurrencies. ICOs disrupted the world in 2017 and since then they have seen various ups and downs. 2019 is expected to have good tidings in store for the ICO market.

If you are seeking an ICO development company to launch your own ICO project, take a look at the performance of the ICO market in the last couple of years and also what the future holds for the market in 2019.

2017: The amazing year for ICO

2017 witnessed a wonderful time for the ICO market, with a large amount of sales and investments. That was when Whitepaper ICO remained at the forefront. Companies with an idea got their Whitepaper created and branded it with words like decentralization.

An ice tea company named itself Blockchain in 2017 and in no time its stock value surged to an impressive 200%. Apart from this, another digital kitten company branded itself and made a sale of 6.4 million dollars by selling virtual cats. Such positive and quick results encouraged companies and investors to engage in Whitepaper ICO.

2018: The year of a roller-coaster ride

The good things for ICO marked the beginning of 2018. According to CoinDesk, 4.6 billion dollars were raised from the sale of ICOs. But, the good days lasted for only first three months. Later, various immature ICO projects and scams began to appear on the market. According to a survey, 46% of ICOs that flourished in 2017 were destroyed in 2018.

These failures have led to the need for a clear evaluation of the cryptocurrency world and the future ICOs. It is important that companies with ICO ideas partner with a trusted ICO development company to avoid any kinds of problems.

2019: A promising year for the ICO market

After various ups and downs, the ICO market is all set for its come back in 2019. Any ICO project hitting the market should be evaluated considering the three Ps as a benchmark.

1. Product

An ICO project should be developed with an aim to satisfy the needs of the target market and the investors. A project that fails to function properly or is unable to cater the needs of its prospects will more likely struggle to survive. Chances are that it may not even see the light of the day.

2. Purpose

To make your ICO project successful, it is important for it to have a purpose. Of course, you need to  be backed by the technical expertise of an experienced ICO development company. Be clear about what you want to achieve with your ICO project and by when. A project that has a purpose promotes the requirement for blockchain in it, which ultimately boosts the value and potential of the project.

3. Protocol

Every ICO project has a competitor, or probably competitors. To deal with the possibility of competition, there is a need for a protocol that helps create brand identity like brand logo, website, marketing assets, and helps you plan how you would want your product to reach your target customers.

For an ICO project that follows these three Ps, things are more likely to be brighter and favorable. In such a scenario, 2019 would be an amazing year for initial coin offerings.

If you are looking to launch your ICO project, connect with a leading ICO development company that understands your business goals and your target audience, and provides all-inclusive services to make your ICO project successful.

An Overview of ICO Development Services

Interested to develop a cryptocurrency of your own? Certainly, you must have been doing a lot of research on how you can make a successful move to cryptocurrency venture. You could potentially make use of an ICOdevelopment company to survive and flourish in the blockchain industry.

ICO development company

Indeed, you can go with one of the best options to raise funds in an easy way and stand out in the digital currency world. Such an opportunity is provided through the process known as Initial Coin Offering. ICO is the future of fundraising and new projects offer newly issued crypto-coin to investors in exchange for other cryptocurrencies like Bitcoin or Ethereum.

The process of ICO launch begins with initializing a requirement chart, raising the request for ICO campaigns, potential investors making the investment, investors get back with the cryptocurrency to the value that equals to their investment value and an investor gets the share in the form of token or cryptocurrency. This is the usual procedure for launching an ICO for sale. There is no such regulatory body to monitor such campaigns so no involvement of the third party is required.

A Glance at ICO Development Services

• Concept Creation and Ideation: Creating the idea and ruling with it is a big concept and that’s what ICO development service provider is brilliant at.
• White Paper Creation: Carrying out the idea into a perfect draft can only be performed by an expert. Content developers consult with you and prepare whitepaper with all the technical details of the product as well as business plan. This is indeed the ideal way of making the ICO campaign successful.
• ICO Token Development: Tokens are simply the marker of value which a user gets back from the investment. These tokens are developed with the ICO launch services and available as token sales.
• ERC 20 Token Distribution: A standard is developed through the Ethereum platform and created for the ICO through smart contracts i.e. Ethereum network Initial Coin Offering.
• Smart Contract Development: The coded agreements between the parties who are involved after the ICO are stored in as Smart Contracts.
• ICO Marketing: Especially when it comes to ICO campaigns, customer acquisition does matter a lot. Brand awareness through digital solution platform is performed through ICO marketing services.
• ICO Website Design and Development: In order to make the investors attracted towards your ICO campaign, you need to have a super cool website with an awesome and appealing design.

This is just a brief about ICO development services; you can consult with the ICO development company for the ideal solution so that your product stands out from the rest of the competitors on the blockchain industry.

How to Pick the Best Script to Build Your Own Bitcoin Exchange Website

With each passing day, the cryptocurrency platform is undergoing a dynamic transformation as it evolves with numerous challenges which contribute towards the advancement of the digital currency world. In cryptocurrency, Bitcoin is regarded as the top hottest cryptocurrency. So, if you have a plan to build your own Bitcoin exchange website then certainly Bitcoin script would assure you a high success rate.

build your own Bitcoin exchange website 

Bitcoin exchange script is nothing but a ready-made solution and with this, a startup or entrepreneur can instantly set up into their Bitcoin exchange business portal.

Types of Bitcoin Exchange Script

There are various types of Bitcoin exchange clone scripts available in the market. It could be made by the big company giants and software development companies to provide services all over the world:

• Readymade Bitcoin Exchange Script: This is the pre-built or inbuilt script which is taken as a clone for several popular Bitcoin exchange websites such as Bitfinex, Bittrex, Binance and many more.
• Customized Bitcoin Exchange Script: To kick start with your awaited Bitcoin exchange portal, white label Bitcoin exchange script is little expensive one. Because every nook and corners need to be customized as per the client requirements. Many of the businessmen require white label Bitcoin exchange software to set up their website with their own logo, style, design and functionalities and business model no matter how high the price is.
• Open Source Bitcoin Exchange Script: Many enterprises offer free or open-source script but it requires technical know-how to handle the structure and coding to build your own Bitcoin exchange website. That’s where a businessman needs to hire the professional team of crypto exchange developers.
• Inexpensive Bitcoin Exchange Script: For easy to sale purpose, some companies are offering less expensive scripts, but it does not guarantee about the quality and security for building your own Bitcoin exchange platform. As a businessman, you should not take this huge risk as it might affect the performance and security of your exchange.

Features of Bitcoin Exchange Script

• P2P Exchange: Peer to Peer exchange eliminates the need for middlemen activities in Bitcoin exchange. So, it eliminates time delay for crypto exchanges with the secure private key and extra fees for Bitcoin exchange.
• Security: It is the most important element for any exchange to function and prosper in the future. So make sure that Bitcoin exchange script has inbuilt high-end secure layers to protect your exchange website.
• Advanced Buy and Sell Option: Extremely fast trading engine makes your Bitcoin exchange trading website more active and productive. Thus, it is recommended to build your own Bitcoin exchange website which supports multiple languages, unlimited cryptocurrencies as well as multi trading options.
• Multi-Wallet Services: Wallet plays a vital role for users to trade on the exchange platform. For building your website, you need to back your website with multi wallet services without relying on other websites.

All Techpreneurs if you want to gain more profits out of your Bitcoin exchange business, choosing the best cryptocurrency exchange development company would make you stand out from the competitors. In fact, your website would attract more users which mean more business and this means huge profits.

Stay On Top Of The Blockchain Industry With ICO Development Company

Interested in participating in an upcoming ICO of a blockchain company? But, you have no idea where to start or how to participate in an ICO in particular. We have got a complete guide that you can follow on the way to your venture into the digital currency world.

ICO Development Company 

Nowadays you will see most of the ICOs are run on top of the Ethereum blockchain via a smart contract that collects ether tokens and exchanges these for a new token presented by the startup business. The ICO developmentcompany ensures that the whole process happens completely on Peer to Peer basis without any broker or exchange as an intermediary. Now, let’s proceed to the step by step process of ICO participation:

Get Bitcoin/Ether

ICOs are based on cryptocurrencies, either Bitcoin or Ether. The first step is to obtain one of these cryptocurrencies so you can buy Ether or Bitcoin via online cryptocurrency exchanges such as: Coinbase or Bitstamp. Register your account with the exchange and then transfer the money from your bank account to the exchange account. With your fiat currency, you can buy Ether/Bitcoin on the exchange you are registered with. Cryptocurrencies bought by you will be sent to the wallet app.

Create a Blockchain Wallet

You will need a cryptocurrency wallet to send and receive coins from exchanges and the ICO. After you have got cryptocurrency using your fiat currency, transfer your crypto from your exchange wallet to the secure user-controlled wallet such as: MyEtherWallet. There are several types of wallets catering to different user types and their particular requirements. These consist of Desktop/Mobile Wallets, Hardware Wallets, Online Wallets and Paper Wallets. It is highly recommended to keep your cryptocurrencies stored on online exchange wallets since they are vulnerable to hacking.

Get Whitelisted

These days, most of the ICOs require some form of whitelisting and KYC submission prior to participating in an ICO. Whitelisting makes the whole ICO process transparent and promotes even distribution of tokens among all the interested contributors. While KYC (Know your Customer) make sure that no criminal contributors get to participate in the ICO. Usually, KYC requires ICO contributor or investor to submit the basic information that helps in verifying their identity. The information which might be asked of you is Personal ID, Address, Contact Number etc.

Participate In the ICO

Now when you have got your cryptocurrencies in your personal crypto-wallet it’s time to dive into the ICO. Now, all you need to do is to send your cryptocurrency to the particular ICO address to get new tokens. However, the transaction should be from your personal crypto wallet to the ICO address, not through an exchange.

Make sure to read the general terms of the ICO and the guidelines for token sale participation. It is suggested to follow the latest news and social media channels of that particular ICO in order to stay updated. After the transaction is completed, one of the following scenarios might happen depending upon how ICO handles the transactions:

• You will receive your tokens as and when the token sole ends
• You may have to redeem your tokens manually
• You may have to wait for a few days for your tokens

Securing Your Tokens

Received the new tokens! Congratulations, you should consider securing them with a cold storage wallet for the security purpose. You will also need to have some extra ETH stored in your wallet to pay for transaction costs of sending money from wallet to wallet.

We hope that you enjoyed the read and found it helpful for your ICO participation endeavors. Before you participate in an ICO, go through this guide once and you will enjoy the whole process of dealing in digital currencies.

Working with an ICO development company: Understanding smart contract

Smart contracts are computer codes generated to efficiently imitate the real-world legal deals and these codes are deemed automatons of trust to ensure smooth business transactions, without deviation of even a single bit from the code clause that comprise them.

A large number of people seek a reliable ICO development company to launch their ICO program for fund-raising. Although it allows a project with credible potential to raise the required amount, the downside is that it increases the risks as the investors are not sure of the money that they invest into the business. It is like an investment in blind fate.

ICO development company 

Smart contracts, however, give ICO investors the courage required to support a specific project. These computer codes work as an intermediary between the investors and the developers. The funds are transferred to a specific address, where they are stored and monitored until the completion of project development. These contracts issue tokens, such as a document or a certificate or an expression of good fate, by the developer to an investor with a hope that as project development proceeds and the project becomes successful the tokens can be exchanged back to the currency that has been donated.

The very first network to execute this aspect of blockchain was Ethereum and today smart contracts are used in almost every credible ICO. It helps businesses to rest assured that an ICO development company or a blockchain development company delivers on the set promises.

Here are a few reasons why smart contracts are needed for an ICO.

Credibility

An ICO project that is ready to launch but does not have smart contracts in place is more likely to struggle to gain people’s confidence.

Considering that human factors have failed quite often, it has become hard for people to trust a system that is decentralized without any regulation and has not received considerable mainstream adoption. This is when smart contracts help projects to build credibility and earn trust of investors.

Sustainability

One of the common challenges that most startups face after their launch is failing to stay in the crypto race. While many projects are able to scale through their crowd sales and even achieve their hard cap, there are many others that are unable to meet their objectives.

Smart contracts help stabilize the relationships between developers and investors by building long-term agreements for reevaluation of trust models.

Transparency

Transparency is important in any business relationship and that is exactly what smart contracts can help businesses to achieve in their ICO project.

Efficiency

At the time of token sale, many individuals could be involved in the contribution process. This could be a problem if the tokens are transferred to people manually or individually, one after the other. This could make the process complicated. However, a program for the disbursement of funds, when they are due, can simplify the process.

To sum up, smart contracts have become favorable for the ICO success, and in case a project fails then smart contracts can be further programmed to refund the money to investors. It is advisable for investors to check if the ICO has smart contracts attached to their token creation event, prior to investing.

If you are looking to build smart contracts for your ICO project, partner with a trusted ICO development company that has in-depth knowledge about the blockchain world, along with the experience of working on this technology. Smart contracts will help you to represent yourself as a genuine ICO, which will in turn aid in building trust among your potential investors. So when the success of your ICO project depends on the developers, make sure to choose the best.

How Can Businesses Benefit From Cryptocurrency Wallet Development?

In the past few months, we have been hearing a lot about words Bitcoin, Bitcoin wallets, cryptocurrency, cryptocurrency wallets etc. In this blog, we would like to give you an overview of the cryptocurrency wallet development and how businesses can make the most of it in order to generate high revenues.

Startups and emerging businesses usually face problems in raising funds and establishing the business in the market. If you are also one of those small medium enterprises struggling to promote the business in the market to attract potential investors then it makes sense leveraging the blockchain technology. Now when it has already improved sectors of several infrastructures, it won’t be wrong if we say that blockchain technology revolution has just begun. 

Cryptocurrency Wallet Development

Nowadays, businesses can create their own digital currencies such as: Bitcoin, Ethereum and Litecoin which are developed using the blockchain technology. This is how they promote their business in the market by projecting company’s goals and vision to attract investors for a magnified fundraising during an ICO campaign.

Why A Cryptocurrency Wallet Development?

As we all know, the market always accepts services only if it comes with a better user experience. Isn’t it? Now when businesses have found an improved means of the transaction where the individuals and investors can easily access the digital data with ease a lot of transaction issues will be solved. But how it will happen? Well with the cryptocurrency wallet anyone can transact with one another smoothly.

Certainly, cryptocurrency wallet app development offers some great innovative features that can highly benefit end-users for an improved user experience. Here we are sharing a few of them:

• Completely decentralized options
• Faster and cheaper transactions
• Access to mine own cryptocurrency
• Auto public key generation
• Automatic session logout
• Get an investment advice
• Identify duplicate payments
• Inflation-free investment
• QR code scanner
• Push notifications

Cryptocurrency Wallet Types

Cryptocurrency wallet development companies majorly focus on developing the below-mentioned types of cryptocurrency wallets:

• Mobile Wallet: The mobile wallet is quite efficient to accept or send payments and supports hardware wallets like QR code scanning.
• Web Wallet: The web wallet allows for multiple cryptocurrency transactions and direct integration into an exchange. It is perfect for minimal cryptocurrency savings and offers a faster way to complete the transaction.
• Desktop Wallet: The desktop wallet is simple and easy to use and comes with private keys. Also, it supports a cold storage option which does not need any energy source where the data will not be stored on a third party server.
• Hardware Wallet: This wallet is safer and easier to store the cryptocurrency data on a long-term basis. It gives a stronger security for all other wallets.

As we have analyzed how a Cryptocurrency Wallet Development plays a critical role to intensify the business reach through a crowdfunding event, you can avail cryptocurrency development services to reap the profitable results in the near future. Keep in mind that developing a crypto wallet is not an easy task as it involves different experts with a specific skill set and expertise. So, make sure to hire the skilled team of professionals who go every step of the way to get you the desired wallet app look and functionality.

Cryptocurrency Exchange Development Is on a List of Japan’s Major Bank

As we all know that Bitcoin transactions have become the new sensation in Japan. There is no dearth of leading financial companies who are gearing towards offering solutions to preserve their market share. MUFG, the leading bank in the country is all set to launch its own exchange, a pegged cryptocurrency, as well as, Bitcoin separated accounts for clients of other exchanges.

Cryptocurrency exchange development 

Everything You Need To Know About MUFG Exchange & Pegged Coin

Mitsubishi UFJ Financial Group, one of the largest banks in the world is planning to launch its own cryptocurrency exchange. As per the latest reports, MUFG has told the Financial Services Agency (JFSA) on the decision to launch a cryptocurrency exchange. This shows how far the cryptocurrency exchange development has come and very soon launching an exchange will be on every business owner’s hit list.

The bank seems to me working hard on issuing its own cryptocurrency anytime soon. As per the current plan, it seems that by supervising the exchange where people can trade this MUFG coin, the bank could overpower major fluxes in its price so that it can be easily used for shopping, remittances and settlements effectively.

The idea right now is that the new cryptocurrency will be kept pegged at JP¥1, however nothing is fixed. MUFG coin used to make secure transactions in Japan, so once the cryptocurrency will be rolled out; traders can use it for other purposes too.

One interesting application is for it to be used in trading pairs on non-fiat exchanges, backed by the biggest bank in Japan in place of Tether.

Bitcoin Segregated Accounts

Reportedly, the bank is working on another big service for Japanese crypto traders - MUFJ Trust. It will keep client holdings in accounts which can be directly linked to crypto exchanges but without sending the money to their control. Like how segregated accounts are used to protect forex traders, this can protect client funds at the bank in case the company goes bankrupt. The service will also track accounts for any suspicious activity which could get flagged for inspection.

The bank is expected to roll out its coin to a handful of customers hoping they will participate in finding bugs as they make typical retail purchases. It appears to roll out the coin by 2019. MUFG Coin’s users in 2019 would first have to download the app, converting fiat deposits. The token is designed for parity with Japanese yen. When the project was hatched 3 years ago, one rationale was to bring down transactions frictions with respect to remittances and transfers, using a variation on peer-to-peer platforms to lower costs.

Mitsubishi United Financial of Japan Group (MUFG) boasts more than $2.5 trillion in assets. Also, it ranks second in the world as a holding company and is the biggest financial group in Japan. Regulators such as its Financial Services Agency (FSA) introduced a half-dozen mandates targeted at squashing sketchier alternative coins whereas protecting the present market too.

With big banks issuing their own coins, do you think it’s good for the ecosystem? Let us know in comments section below.

Create your own cryptocurrency exchange: Centralized exchange decoded

Everything you need to know about a centralized cryptocurrency exchange

A centralized exchange in an online platform to trade cryptocurrencies. It includes buying or selling cryptocurrencies in exchange for fiat money and even for other cryptocurrencies. Simply put, it is an online marketplace for the cryptocurrency network.

If an exchange is centralized, it has a trusted middleman to handle the entire trading process. Users can store their currencies on the exchange. The exchange is responsible for ensuring security of their users’ funds and has full access to their users’ accounts. This allows the middleman to recover a lost password or 2FA for their customers.

If you are looking to create your own cryptocurrency exchange, it is better to develop a centralized exchange to provide a safer platform to your users for trading.

How is a centralized exchange different from a decentralized exchange

A decentralized exchange cuts out the middleman by building an intelligent trust-less environment. The deals are processed through smart contracts, which means that the currency does not pass through an escrow service, it is peer-to-peer instead. A decentralized exchange is not as popular as a centralized exchange, however its popularity is expected to increase in 2018.

Do all centralized exchanges offer fiat/crypto pairing?

Although every centralized exchange provides crypto/crypto pairing, not all offer fiat/crypto pairing. Some popular exchanges providing fiat/crypto pairing include:

• Coinbase
• Gemini
• Kraken
• Robinhood

Is verification required to create an account on an exchange?

Some exchanges allow users to create their accounts without any verification, but the deposit or withdrawal limits for such accounts is very small. Basic verification requires a user to provide a verified ID proof and complete 2 factor authentication, where a one-time-password is shared with a user via a text message or a voice call, and is required every time a user logs in to his trading account.

While planning to create your own cryptocurrency exchange, make sure to integrate advanced security features to provide the most secure exchange platform for trading.

A large number of people worldwide are making money by creating their own crypto exchanges. However, it is also important to know that there are a plethora of exchanges on the market and many fail to attract people. To make your exchange stand apart, create the one that is the most secure, scalable, user-friendly and reliable.

Find the Best ICO Development Company before Launching an ICO

Have you decided to integrate ICO into the business model of your product? If so, it’s time to find an expert ICO development company with a proficient team of highly talented blockchain developers who are capable to elaborate project ideation and further move ahead to the implementation phase.

ICO development company 

It’s imperative to ask yourself first what makes your ICO team valuable and qualified for your product idea. This is certainly a significant piece of work much more than researching the social media accounts of ICO development services provider. Here are some important facts about how much have ICOs raised so far:

• The total amount of token sales from 2018 (Jan-Feb) amounts to $1.17 Billion.
• During the tenure of Jan 2018 – Feb 2018, Envion along generated $100 million whereas Neuromation raised $71.67 Million.
• Swissborg, on the other hand, generated $50 Million and Current $36 million.

In order to locate the right ICO team, first, explore the top ICO development websites, track their projects and consult with their blockchain team to see if they are an ideal fit for your project. There are various platforms that provide examples of the most trending ICOs running presently. These are Bitcoin Forum, ICO Drops, ICO Rating, ICO Tracker, ICO Bench, Coinschedule, Token Market, ICO New and lots more.

Cryptocurrency development requires a specialized set of skills and knowledge. So, don’t just rely on the description of teams on their website. The company has to be diligent, flexible and well managed and committed to its projects.

Cryptocurrency development

Look closely at the team of solidity developers, testers, designers and community specialists. Don’t hesitate to check their portfolio and client testimonials as it will give you a fair idea of how qualified the team is. So, make your decision of hiring ICO development services profoundly so that you land on the right path and your product evolves as the token sees sales growth.

Before Wondering How To Set Up Bitcoin Wallet Understand The Facts

Everything you need to know about a cryptocurrency wallet

A cryptocurrency wallet is a secure digital wallet that is used to send, receive and store digital currencies such as Bitcoin, Ethereum and more. Most cryptocurrencies have their own official wallets or recommend the use of third-party wallets. Regardless of the cryptocurrency that you want to trade, a cryptocurrency wallet is required for transaction. 

How does a cryptocurrency wallet work?

If you are planning to create your own bitcoin wallet, it is important to understand the working of the wallet. On the contrary to what is believed by many, cryptocurrency itself is not stored in a wallet. Instead a wallet stores a private key, which is a secure digital code available to you and your wallet, and this private key shows the ownership of a public key connected to a particular amount of cryptocurrency. It means that the public key and the private key stored in the wallet allow you to transfer and store your crypto coins. 

How To Set Up Bitcoin Wallet

What are the different types of cryptocurrency wallets?

There are various types of crypto wallets, and people launching their own cryptocurrencies are embracing cryptocurrency wallet development to offer their own wallet to users to trade their currencies. The most common types of wallets include the following:

Online wallet

An online wallet runs on the cloud and can be accessed by any computing device regardless of its location. Although online wallets offer an ease of accessibility, they store the private key online and are thus vulnerable to security attacks.

Mobile wallet

A mobile wallet runs on an app on a mobile phone and it can be used anywhere, such as a retail store. It is easy to operate and takes less space available on the mobile phone. 

How to set up bitcoin wallet?

If you are wondering how to set up bitcoin wallet, share your needs with reliable crypto developers. Look for technical experts who have adequate experience in cryptocurrency wallet development and who can answer any of your questions related to the same. In addition to this, if you plan to create your own bitcoin wallet, make sure that the developers you choose provide you with the most secure wallet for safe exchange and storage of cryptocurrencies. 

Why you must think about creating a Cryptocurrency Exchange Platform?

Okay, so there has been enough said and done about the boom that bitcoins and other cryptocurrencies have made in the market of late. The world has been completely bedazzled by the impact that these virtual currencies have made on the economies and people. As a matter of fact, government financial bodies are still in awe of how these independent currencies were able to make such a huge impact!

If we look closely, the world of cryptocurrency, after a lot of ups and downs, have reached to a stage where they are virtually looking to get a lot stable than what they were initially.

This is the reason we say that it is the right time to create your own cryptocurrency exchange platform, where you can trade in these currencies and make a heyday from your investments – because the future is going to be huge for cryptocurrencies!

The past results are a great reflection of how powerful the world of cryptocurrencies is going to be in the coming time. If we take a look at the financial status of people who believed in these virtual currencies in the beginning and went on with the flow, it becomes quite clear that the financial gains are beyond what we could ever think.

Cryptocurrency exchange platform

Having a cryptocurrency exchange would mean that you can easily carry out your virtual transactions without any hassle. But, that is not all.

It would also mean that you have a safe house to store all your virtual currencies without having to worry about the safety and security problems. All you need to do is to go ahead with your cryptocurrency exchange development and be a part of the boom!

A few things to consider

However, before you go ahead and start to develop your cryptocurrency exchange platform, there are a few simple yet highly important things to keep in the back of your mind.

First of all, do not forget to check about the legal guidelines pertaining to cryptocurrency in your region. Different countries have formulated different legal guidelines dealing in these currencies. While there are some countries where bitcoin and its other close relatives are legal, there are others where these currencies are on the brink of legalization. So, you need to take a look at all those considerations before going for cryptocurrency exchange development.

Also, make sure that the developers you choose for this job have adequate experience in this field. After all, you are going to deal in something that does not exist beyond the virtual world, ideally. So, you cannot take the risk of putting everything at stake and leaving it in the hands of a noob, who might end up ruining it for you.

Most important of all, make sure to pay due attention to the security measures employed while developing the exchange. You never know in the cyber world, when something uncalled for could happen. The best way to stay safe from such unforeseen circumstance is to take the best security steps beforehand.

Make your own cryptocurrency: 8 tips for creating a digital currency

The world is changing the way it operates. We have moved from paper to paperless currency, though the concept of digital currency is still new to the common man. The markets, on the other hand, are blown off by it. The economy is slowly shifting towards a more profound digital ecosystem dominated by cryptocurrency exchange platforms. The newest and most trending talk of this digital system- ‘cryptocurrency’.

What’s a cryptocurrency anyway?
A cryptocurrency is a medium of exchange of digital information, just as we use normal currencies for getting what we want. Cryptocurrency obtains the digital data. You too can make your own cryptocurrency or even create your own cryptocurrency exchange platform.

Why are we using cryptocurrencies?
There are many reasons that justify the use of cryptocurrency in the markets. With the advent popularity of Bitcoin, many new alternative cryptocurrencies are also gaining attention. These categories of cryptocurrencies are called altcoins. Following are a few reasons to make your cryptocurrency.

Fraud-proof- Because of blockchain technology on which cryptocurrencies are based, the chances of frauds are minimal. All the individual coin owners have encrypted identities and legitimate record keeping.

Accessible- Anyone with an access to internet has the ease of working with cryptocurrencies.

No third-party- Blockchain technology provides another benefit- no involvement of a third party in making transactions. When you create your own cryptocurrency exchange, you create a decentralized monetary system with only you holding the full ownership rights.

How to make your own cryptocurrency?
Advanced technologies have eased the task of creating an altcoin on blockchain.
Let’s go through the most basic steps for creating your own cryptocurrency.

1. If you are not a technical person then a good choice is to get assistance of professional cryptocurrency developers.
2. Decide if you want to make your own cryptocurrency or if or and choose the option that suits your requirements. You can also create your own cryptocurrency exchange for this purpose.

Create your own cryptocurrency- If you are a cryptocurrency expert and can code, this is the way to go. The pros of using this method are-

1. You can add new features and make it stand out.
2. You can choose the security that you would want to provide.
3. You can choose the size of the block, maximum limit to supply coins and the rate at which new coins will be issued.

Creating a bitcoin fork- Creating a bitcoin fork gives you the leverage of already existing and reliable open-source codes for your cryptocurrency. Pros of using this approach are:

1. Secures you from being exposed to fraudulent attacks like double spending attacks
2. Access to features like built-in decentralized cryptocurrency exchange platforms. This will allow people to trade your cryptocurrency for various digital assets.
3. It saves a lot of time and effort when you do not have to code to make your own cryptocurrency.

Here are the eight tips that will help you further:

Customer’s benefit- You need to be clear on the USP of your currency for the end user in order to make a deep impact.

Promote it well in the community- It is a far fetched ideology to expect people to readily accept your cryptocurrency over the available cryptocurrency exchange platforms. Find the pain points of the community, the use-cases and reasons for your new currency to exist and then finally code to make your own cryptocurrency.

Decisive development method- As defined earlier, you can use either of the methods to make your own cryptocurrency. When coding by yourself, be sure of the language and stick to it.

Sample it first- Rather than explaining the concept to others, it is better to create a prototype for approval. This will help you in maintaining the concept clarity.

Make it hack proof- You make it hack proof by continuously searching for loopholes and downfalls in your cryptocurrency.

Find miners- Once you decide to make your own cryptocurrency, you will need miners. Try to build trust instead of overselling the cryptocurrency to them.

Investor search- All the successful cryptocurrency exchange platforms leave this task for the end.

Many altcoins have been built and plenty have been discarded by the people. The cryptocurrency market is rising rapidly, so, if you are planning to make your own cryptocurrency, follow these tips to make it worth.