What is Cryptocurrency?
Cryptocurrency is a digital currency or a virtual currency with the help of which two parties can make transactions without the interference of the third party such as a bank or credit card company. In Cryptocurrency encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds. One of the most famous Cryptocurrency is Bitcoin. To secure the medium of exchange between two parties, we use cryptography.
What is Bitcoin?
Bitcoin is the world’s first currency in which there is no interference of the third party. Bitcoin is known as Cryptocurrency or digital currency in which a record of transactions maintained, and the computational solution of a mathematical problem generates new units of currency. In Bitcoin what we do is we jointly manage the different databases so that we can record all the Bitcoin transactions. The technology that we use to manage databases together is Blockchain. Bitcoin is open source so that anyone can use the original Bitcoin source code. Bitcoin has become highly successful due to which new Cryptocurrencies has also come into the market. They referred to as Bitcoin clone. The main reason for the growth and development of the Cryptocurrency apps are decentralization due to which cryptographic wallets and Bitcoin storage apps have increased.
Create Your Cryptocurrency App
Right now cryptography is a booming business and people are earning in millions with the help of it. Our thinking is to turn your ideas into a business plan. We can quickly develop a Cryptocurrency app as it is an open platform solution; its code is available on Google.
Our Services to Build CryptoCurrencies
- Discuss Ideas for Cryptocurrency: We also have experience in the industry of Cryptocurrency so we will discuss this to get a good crypto solution with our customer.
- Development of Cryptocurrency wallet services: We at addon have experienced team for the build of Cryptocurrencies.
- Creation of Cryptocurrencies Coin services: Cryptocurrency coin is one of the critical aspects of the development of Cryptocurrency software. Coin Mining for Cryptocurrency is a hi-tech automated process. In it what we do is we verify transactions and then add it to a public ledger. The record collectively saved in the blockchain.
- Pool for Bitcoin Mining: Mining of the Bitcoin is a process for miners to put their pooled resources together. The funds are set by those who share their processing power over a network. Then they split the reward equally according to the amount of work they are contributing to the probability of finding a block.
- Marketing for Cryptocurrency: We will provide you with marketing with the help of different social media, Public relations, and Email marketing.
- Cryptocurrency multiplatform app: We will develop a multiplatform app for Cryptocurrency that will run on multiple mobile platforms and web platforms.
- Software development for Bitcoin: Your phone will be treated like a wallet for the Bitcoin with the help of the software that we have developed for the customers. And then miners will be able to check and verify transactions by solving mathematical quarries.
- Development of the blockchain: In Bitcoin what we do is we jointly manage the different databases so that we can record all the Bitcoin transactions. The technology that we use to manage databases together is Blockchain.
- Hire Top Freelance Cryptocurrency Developers: To build robust software and mobile application, we do offer to hire cryptocurrency developers who will work remotely from Monday to Friday 8 hours a day with you or your team for developing your products.
Other Cryptocurrencies Similar to Bitcoin
Because of the success of Bitcoin, there are hundreds of Cryptocurrencies that have come into the market such as Dogecoin, Ripple, Peercoin.
Features of Cryptocurrencies
Decentralized
The Cryptocurrencies are decentralized currencies. Unlike traditional fiat currency that is controlled by central authorities and banks. In Cryptocurrency the transaction is made between two parties without the interference of the third. Most of the Cryptocurrencies are decentralized on distributed networks of computers that spread around the world, also known as nodes. The blockchains store most of the transactions.
Public and private keys
As we know that in Cryptocurrencies there is no interference of bank and central authorities while making transactions so in this case, anyone can anonymously make a transaction of any amount so to authenticate those anonymous transactions Cryptocurrency like Bitcoin uses Public and private keys.
Irreversible Transactions
Transactions are almost irreversible once they recorded on the blockchain. It is not impossible to modify operations. It is so difficult to reverse it because of the secure cryptography applied to protect it from hacking. To reverse transactions, we will have to modify the nodes of the blockchain.
Scarcity
Cryptocurrency like fiat currency does not have an unlimited supply. Most of the Cryptocurrencies have limited number of amount that is coded into its underlying algorithm while it created.
Reason to Choose Addon Solutions
Security
As we will be transferring digital money from one party to another, so there is a big chance that the funds hacked. We at addon will provide you with a secure environment for the transfer of your wealth.
Technological Expertise
We addon have technical experts that will satisfy the need for an application to go mainstream because when an app goes mainstream, it requires significant support.
Respond at once
Once the app developed and you need some changes, we will respond at once if any problem occurs to you. We will also help you in expanding your business.
Skilled and experienced Developers
We at addon have experienced and qualified team of developers that will make your app according to your requirements. We also have experience in developing blockchains that is necessary as it acts as a database for the various.
Cost effective software
We know that Cryptocurrency software is a high-tech app and we must have a top-down approach while making it. Sometimes such complex apps may be costly, but we at addon will provide you with cost-effective software.
FAQ’S (Frequently asked questions)
How hard will it be to make payments in Bitcoin?
With the help of our app, you will easily be able to make transactions between two parties.
How Will Bitcoin app help me?
The most significant advantage of using Bitcoin is that user can withdraw any amount of money on any day from any place. There are no rules, no bureaucracies, no boundaries as governments are not involved in it.
Can we make money with the help of the Bitcoin app?
Yes we will be able to make money with the help of Bitcoin.
Is Bitcoin a virtual currency?
You can think of Bitcoin as a debit card or credit card. Bitcoin does not have a physical platform, and all of it stored in networks.
How much time and money will I have to spend to develop a Cryptocurrency app?
It will depend on the kind of features you want for your app.