Eternity Law International — News — Blockchain application development

Blockchain application development

Published:
March 30, 2021

Let’s start with what blockchain is. Blockchain is an innovative system for storing and transmitting data in the form of sequential chains, consisting of blocks of transactions. These blocks are added to a single information base, which is automatically updated after each new transaction is made.

Simply put, the blockchain is a database that simultaneously operates on thousands of nodes (computers), so that each of them can provide relevant information at any time. Thus, decentralization is ensured, which is expressed in the absence of a main server.

The main principle of blockchain technology is the transparency of operations and the inability to change those that were committed in the past. Each participant in an operation can view a particular operation at any time. Each block of this database contains information about the previous block. That is why, it is impossible to make changes to the data of a separate block for the past period, since this will affect the previous blocks.

When blockchain first appeared, it was applicable exclusively to cryptocurrencies, and only later this technology seemed useful to banking structures. Now this system has penetrated deeply enough into our daily life. In addition to all financial transactions, platforms for developing business applications based on blockchain technology can even control whether copyrights are respected, they can track the production process of any product for compliance with the standards put forward.

Blockchain project development

Blockchain programming requires from the developer not only direct knowledge of programming languages, but also an understanding of how decentralized applications work. In addition, the developer must understand cryptography.

Our specialists have been developing applications based on blockchain technology for many years. With us, you can order your cryptocurrency, and leave an order for the development of an exchange or for an ICO. It will not be difficult for our specialists.

Smart contacts

Smart contacts are used in those activities in which the automated fulfillment of obligations by participants occurs without human intervention. The smart contract itself monitors and controls the measure of fulfillment of obligations and contract conditions. At the same time, the code is under absolute protection from third-party interference due to the use of the blockchain system. Thus, attackers will not be able to make changes to the lines of code, that is, to the terms of the contract that was concluded between the parties.

Smart contracts began to be invilved into practice in 2013. Then it was the Ethereum project, now they are most often used for ICOs. Investors transfer funds to the account of a smart contract, receiving money in return, which act as a share in this project.

Personal cryptocurrency

Thanks to the existence of blockchain technology, you can issue your own personal cryptocurrency, similar to Bitcoin. However, this will require exceptional professional knowledge of the developers who would be able to do everything right, that is, use the source code correctly, and ensure fault tolerance and security.

Ethereum tokens are digital funds that are created based on the Ethereum blockchain. They use the already existing Ethereum infrastructure instead of creating a completely new blockchain.

In order to develop a personal cryptocurrency, our specialists take the current source one, modify it as necessary and compile it. Typically, development is the following:

  • compilation of a wallet for Linux and Windows and coin kernels;
  • deployment of primary nodes;
  • creation of a mining pool and block explorer;
  • compilation of a mobile wallet.

ICO

To conduct an ICO, a well-coordinated work of a team of specialists specializing in different areas of knowledge is required: lawyers, advertisers, financiers, programmers.

We provide comprehensive services to our clients. The entire technical part of the issue lies with our specialists, who individually consider each order and select the most effective model of cooperation. Contact us.

You could be interested

Ready-made company in the UAE

The United Arab Emirates (UAE) unquestionably stands as a global epicenter for trade and entrepreneurial ambitions, magnetizing foreign forward-thinkers and investors from every corner of the globe. Initiating a business venture in the UAE unveils the promise of unrivaled prospects, yet the voyage to realize this potential unfurls as a labyrinthine and time-intensive odyssey. Fortunately,...

Company registration in Australia in 2023

Company registration in Australia is a rather simple procedure. To form a new presence or expand an already existing business within this market, it is essential to meet the set of legit terms and conditions which we will consider below. Given that it is Oceania’s largest country; it is a good place for business startups....

Operations of a Cryptocurrency Exchange Company in Portugal

Financial technologies and virtual currencies particularly are hot subject matters in the FinTech sector among the Portuguese regulative bodies. In the past years, these state-of-the-art instruments have become a mainstream trend due to the growing value of the world’s first decentralized cryptocoin – Bitcoin, the influx of ICOs across the globe, and their market cap...

Registration of a Subsidiary

A subsidiary, or DP, is a company whose sole founder is another organization. In other words, the subsidiary is not a branch of the parent company, although it is entirely dependent on and subordinate to the founder. DP is a full-fledged legal entity, and therefore an independent taxpayer. A parent company can only be called...

Investment fund in Lithuania

The Bank of Lithuania, being the central bank and regulatory body of the country in the field of activity of any financial, and in particular investment firms, focuses on supporting start-ups. During the first year of operation, companies are provided with advice and support in lieu of penalties for minor violations. This approach, along with...

SEMI license in Estonia

The Estonia small electronic money issuer license allows you to create a payment system and is issued on the basis of a written application given to the Estonian Financial Inspectorate. General information about small electronic money issuer license in Estonia  Fintech is a rapidly growing industry that attracts more and more entrepreneurs every day. At...

Related posts

Application of Blockchain for climate action

The EU Commission takes an active participation in the blockchain-standard community aiming to use innovative approaches in blockchains to help combat ecological problems. Introducing comprehensive answers on the grounds of blockchain for climate action, the EU lawmaker presented a set of approaches that are expected to be workable. Blockchain & global warming Blockchain is a...

Mobile banking system development

Banking sector institutions have long mastered the online space. Banks can serve customers over the Internet much faster than at branches. The benefits of remote service are obvious and people will immediately appreciate it. Users began to actively pay for services remotely, make money transfers and make purchases. With the advent of telephones, Internet banking...

Cryptocurrency exchange and exchanger development

A crypto exchange is a trading platform through which you can buy, sell and exchange cryptocurrencies. Like Forex, cryptocurrency exchanges facilitate cooperation between buyers and sellers of cryptographic currency, which ensures the reliability and security of transactions. The crypto exchange operates using a trading engine. The speed and correctness of operations depends on how optimized...

Electronic payment system development 

The popularization of the Internet has led to the emergence of many online stores and virtual services. Each of us can order a product online or receive a particular service. Payment for a purchase or service has become a separate issue that requires special attention. Not everyone has time to go to a bank branch...

Development of DeFi solutions

Decentralized finance has been receiving special attention since the market crash in 2020. However, until now, not everyone understands the essence of this phenomenon. At the beginning, this name was given to analogs of traditional financial market instruments with a decentralized architecture. Now they are an autonomous public system that consists of decentralized services and...

Development of Fintech applications and services

Fintech (or financial technologies) is the sphere of activity of banks and financial companies that apply innovative developments in their work, and cooperation of technology companies with traditional financial institutions. This type of cooperation and modernization is aimed primarily at maintaining competitiveness and advantages over other participants in the financial environment. Interest in fintech products...

Discover our services

The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.

Ready-made companies for sale

Companies with a bank account around the world

Banks for sale

Established Banks for sale

Ready-made licenses for sale

Forex, cryptocurrencies, gambling, EMI, PSP, SVF, MSO, DLT

Licensing

Forex licenses, cryptocurrencies, gambling, EMI, PSP, SVF, MSO, DLT

Offshore company registration

Expert advice on the acquisition of an offshore company

Open a bank account

Open bank accounts in more than 120 banks around the world
Fill the blank: