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« Last post by KatiaBouch on Today at 09:40:14 AM »
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Services / Overcoming Crypto Exchange Development Challenges
« Last post by oodlestechnologies on October 14, 2019, 02:29:43 PM »
Cryptocurrency exchanges are popular FinTech applications that enable users to buy and sell different types of cryptocurrencies and altcoins. Crypto traders and altcoin enthusiasts use cryptocurrency exchanges to invest in cryptocurrencies. The popularity of cryptocurrencies has led to a spurt in crypto users. It makes developing and setting up cryptocurrency exchanges a lucrative business.

However, there are several challenges with cryptocurrency exchange development that need to be addressed proactively to avoid legal troubles and financial losses. Read further to understand how the challenges can be overcome, so businesses can efficiently run their operations.
Cryptocurrency Exchange Development Challenges
Market Acceptance
Letís take a detailed look at each of the above challenges.
Security Challenges
Security is a major concern for crypto users. According to a survey conducted by Encrybit, about 40 percent of traders consider security the main bottleneck in the cryptocurrency exchange process. The growing security concerns of cryptocurrency users are backed by the increasing number of cyberattacks on cryptocurrency networks. Over the years, there has been a sharp incline in the number of DDoS attacks, Phishing attacks, and hacking instances. According to GIB, a cybersecurity company, cyberattacks on cryptocurrency networks increased by 700 percent in 2018. Besides, the ransomware attacks on cryptocurrency transactions have increased by a huge margin.
Several crypto exchanges have been targeted by hackers, black hats, and cybercriminals, causing losses that add up to millions of dollars. The list includes some prominent exchanges like Poloniex, BitFinex, Huobi, and Bitstamp.

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« Last post by WilliamsCu on October 12, 2019, 08:52:45 AM »
Cell phones are more or less just about everywhere in these times. Most of us possess one which we make use of not simply for helping make phone calls and also sending messages however as locations where we store our calls, music and also images, Website.

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Is #Blockchain #smartcontract on your mind lately? Here is what you should learn about those. Know everything about how they function, what makes them stand apart from traditional contracts and much more.

Blockchain Discussion / Can we blast the blockchain's solid rock security?
« Last post by sabellaaria on October 10, 2019, 11:56:10 AM »
Get ready with your explodes to crack!

Blockchain, Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, Tether, ICO, IEO, STO, Ö ..much more are the jargon that swings around the investors and digital tech enthusiasts. Investors and even financial tech enthusiasts are unaware of the concepts of this booming blockchain technology. The ignorance over the concepts of blockchain, cryptocurrencies have created the mist of security threats and fraudulent incidents happening over the digital currencies.

Blockchain, the top-notch technology can be implemented as enterprise blockchain solutions in most of the sectors like finance, supply chain, healthcare, voting, gaming, digital identity management and much more. In this post, letís vanish the stains that are created over the blockchain technology and cryptocurrencies by clearly explaining the terminologies!

What is Blockchain?

Blockchain is the distributed public ledger that shares data, assets across the network that are cryptographically secure. Blockchain has splendid features such as decentralization, tamper-proof, immutable, peer-to-peer transactions that are strived by most of the sectors.

Why is it impossible to counterfeit the blockchain network?

Shall we glimpse through these facts?

Why blockchain is a solid rock that can never be cracked by hackers?
Blockchain network is a decentralized system that has a copy of data blocks in every node participating in the community. Nodes are the computers that are connected as part of the particular blockchain network.

For data modification, a person must reverse engineer the hash value generated by the SHA-256 algorithm and then reseal the data block after changes are made. However, on resealing the data block, the output hash value varies from the previous one and hence it becomes out of synchronization from the blockchain network. Even if the data block is proved to be modified by the authorized ownership, the modification changes must be verified and approved by more than 51% of the nodes. For the widely used blockchain networks like bitcoin, ethereum, ripple, these processes are hectic to pass through. Hence, the blockchain networks are solid rock stones for hackers to crack through!

Then, why are hearing the chaotic news like bitcoin, ethereum, and other cryptocurrencies are hacked? Hereís you go with commentary on these thoughts!

While Blockchain is tamper-proof, why are BTC, LTC, XRP, ETH are hacked?
Sorry to say youíre wrong! None of the cryptocurrencies are hacked. Only the cryptocurrency wallets, exchange wallets are hacked by the fraudulent. Wallets require private and public keys to access or transfer the crypto coins present in them. Hackers crack the private keys of the wallet address and then steal your crypto assets, not the blockchain network underlying.

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By now youíd have visualized the invisible blockchain network and its solid nature. If you have further queries or thoughts, tap us on the comments page below!

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Off-topic / learn more here
« Last post by AmadoSchen on October 09, 2019, 10:28:49 AM »
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Development / Cryptocurrency wallet development services company
« Last post by JoyceeRocha on October 09, 2019, 05:40:38 AM »
Looking to build a safe storage for your crypto currency and tokens? If meticulous user authentication is something you are keen on, then you should consider the services of Ionixx Technologies, a design-driven software solutions company with a blockchain focus. They have a strong project and solutions experience in crypto wallet development and are probably the best fit for all your crypto wallet development services. Schedule your free consultation today to speak to them.
Development / Cryptocurrency Exchange Development Company
« Last post by JoyceeRocha on October 09, 2019, 05:39:26 AM »
Looking for a reliable cryptocurrency exchange development company to trade with your cryptocurrencies? Talk to us! Ionixx has a team of experts who can develop safe, convenient and user-friendly exchange solutions for effective trading. Key features of our cryptocurrency exchange development services include access to advanced trading functionalities, decentralized trading of currencies, bug fixes,and two-way authentication among others.
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