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.

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