weprajith

[weprajith]

What are the use cases of the Binance Smart Chain?

What is the Binance smart chain?

Binance introduced Binance smart chain to upgrade its blockchain platform to run smart contract-based applications. This new Binance chain has the same features as Ethereum and platforms like Tron and EOS. Binance smart chain has the high transaction capacity of BC and the smart contract functionality of BSC, which allows the users to get the best of both worlds. Binance smart chain uses proof of staked authority concept, which helps in faster transactions and reduced cost of transactions. Binance smart chain also implements Ethereum virtual machine, which allows running of Ethereum-based applications like Metamask. It also enables the developers to build decentralized applications and help the users manage their digital assets. Let us look into the various binance smart chain development use cases.

What are the Binance smart chain development use cases?

Below are the major use cases of Binance smart chain development  which makes it more preferred over Binance Chain.

Cross-chain compatibility

Binance smart chain was made as a parallel blockchain to the Binance chain, which works on dual chain architecture. This feature helps in the transferring of assets from one blockchain to another. This feature helps in supporting powerful decentralized apps. For example, the cross-chain compatibility use case would be the Binance chain wallet available on Chrome and Firefox, the simplest way to transfer tokens between chains like BEP to BEP-20.

2.Consensus

Binance smart chain uses a proof of stake algorithm that helps achieve a block time of three seconds. This helps the participants to stake their bitcoins in exchange so that they can validate the transactions. When a valid block proposal is approved, the transaction fees are received from every block.

3.Pegged coins

Pegged coins gain huge attention from the Defi experts as these coins get value when they are linked to other assets. Gold and fiat currencies are examples of precious metals with which to attach them.

4.Staking

Binance smart chain's fast transactions have made staking much easier. Binance smart chains have become popular and commonly used for Defi and metaverse use cases as it has made transactions of assets and bitcoins simpler. This feature has made Binance smart chains a more popular blockchain among the users.

5.NFT Design and Support

Binance has a strong hold in the NFT market, as NFTs are gaining popularity for their ability to add scarcity levels to the digital assets. The price of NFTs can range from hundreds to thousands of dollars.

Wrapping Up

Binance Smart Chain development use-cases are one of the major developments in the crypto space, which helps extend the functionality of the Binance chain and joins in bridging the gap between different blockchains. The future of Binance smart chain development use-cases is bright as many users adopt them due to their benefits like ultra-fast trading, smart contract functionality, EVM compatibility, etc. Users can bridge assets directly from other blockchains to Binance Smart Chain or withdraw tokens from a Binance exchange account to a crypto wallet. BSC continues to forge a path providing excellent services, speed, security, and interoperability with an excellent blockchain experience

[weprajith]

What are the costs involved in Binance Smart Chain development?

What is Binance Smart Chain?

Binance Smart Chain (BSC) is a blockchain running parallel to the Binance Chain, which provides smart contract functionality and compatibility with the Ethereum virtual machine pr EVM. It shares many similarities with the Ethereum blockchain and provides a powerful ecosystem with decentralized finance (DeFi). Binance Smart chain has the fastest blockchain and offers a low fee structure which makes the transaction faster.BSC facilitates dual chain architecture, which helps in the development of decentralized apps, ensuring fast trading and exchange of assets. Binance smart chain development services include NFTs, automated market makers, farms, pools, etc.

Binance smart chain development services offer smart contract functionality, which the Binance chain lacked, making trust, transparency, and security a priority for the blockchain.

Features of Binance Smart chain

Below are some of the major features of the Binance Smart chain development services, making it unique and significant.

1. Proof of Stake Authority

Binance smart chain follows the proof of stake authority where the validators can stake some Binance coin in order to secure the network.

2. Cross Chain Compatibility

Binance smart chain facilitates cross-chain compatibility, and its dual chain architecture enables you to transfer the assets from one blockchain to the other. It also helps in faster transactions with low gas fees.

3. EVM compatibility

Since it is Ethereum compatible, it provides a good environment for the development of Dapps, and also, the smart contracts that run on the EVM can be ported to Binance smart chain.

4. Develop BEP-20 tokens

Binance smart chain helps develop BEP-20 tokens, which can let you define the token utilities. The BEP-20 tokens also can be anything from shares to dollars.

What are the costs involved in Binance Smart Chain development?

The cost of Binance smart chain developments depends on all features you wish to add to your application. Once you have finalized your features and requirements, you can get a quote from the chosen Binance smart chain development services company. On Binance smart chain, anyone can create a BEP-20 token, and all you are to pay a network fee to BNB.

Concluding thoughts

The future of Binance smart chain development services is bright as many users adopt them due to their benefits like ultra-fast trading, smart contract functionality, EVM compatibility, etc. In order to harness the potential of the Binance smart chain development services, many companies are building DeFi applications based on Binance smart chain and with expertise companies who can develop them at low costs.BSC continues to forge a path providing excellent services, speed, security, and interoperability with an excellent blockchain experience.

[weprajith]

What are the features of extremely fungible tokens?

This article will give you insight into extremely fungible tokens, their features, and how they differ from non-fungible tokens.

What are extremely fungible tokens?

Extremely fungible tokens were conceived as an anti-NFT movement by ThereallysullyG, and it provides an elementary website to the users. NFT tokens are one-of-a-kind, non-interchangeable unique digital assets based on blockchain. In contrast, EFTs are identical, one of a kind and the tokens can be copied, shared, and used by different users and artists apart from their users. Many extremely fungible tokens are available in the market; let us look at them.

Some of the popular extremely fungible tokens are given below:

The Otama collection

Lil Sweater lads

Nybbles and bytes

Elven Girls

Pompa Bears

Pixel Slimes

Toxic Shrooms

Dapper penguins

NFBees

Gneat Gnomes

Robot buddies

Pocket planets

Dafuq Barosh

Pixelpeeps

What are the features of extremely fungible tokens?

NFTs serve as an authenticity certificate to show one-of-a-kind and non-interchangeable digital assets. Extremely fungible tokens, on the contrary, are a movement organized by the people who have concerns over the working of the NFTs. EFTs were created to support this anti-NFT movement. Now let us look into the features of EFTs.

It is a movement and not an existing technology.

It is not unique and easily replicable.

They can be copied and shared.

They can prevent fraud as artworks can be copied and replicated.

They prevent environmental damage.

NFTs are not widely understood, and the potential buyers are small as the NFT prices can be highly volatile.

NFTs do not offer much income return to the original artists since they are highly volatile. Banking on such expectations cannot always be a success.

NFTs can perpetrate fraud as many artists’ unique works are copied online without their consent which indirectly violates the basic idea of creating NFTs.

Concluding thoughts

Though the EFT movement can be fun, NFTs are more reliable, unique, irreplaceable, and non-interchangeable. EFTs are also a kind of investment, and we should look at them with speculation as they have higher risk factors. Since these tokens are newbies in digital assets, the long-term value is still unknown. Still, you can invest in extremely fungible assets with proper research, as the digital market is highly volatile. But at the end of the day, it should be your call with proper investment research.

[weprajith]

How much does it cost to build a chatbot?

What is a Chatbot?

A chatbot can be defined as an interface used by the user to obtain information automatically through a software program. The chatbot is a recent trend that is increasing in popularity. It has the potential to revolutionize different company processes and support services as it can provide instant solutions to customers anytime. Chatbots use AI technology and are used in customer support, lead generation, and sales automation across various social media channels like Facebook, Whatsapp, Twitter, etc.

Many companies are moving toward building their chatbots, and a common misconception among the company's founders is that they might cost a fortune. In the article, we will learn how much it costs to build a chatbot, from its overall design to its cost to build a chatbot

.

How much does it cost to build a chatbot?

Due to various tools, libraries, and frameworks, chatbots are becoming affordable for many companies to develop. The final cost varies and is calculated from $15,000 to $30,000 for a custom bot. The price of a sophisticated chatbot can range from $40,000 to $100,000, which is powered by Natural language processing and machine learning technology. It is always better to start with a simple chatbot and later upgrade to an AI-based bot based on the efficiency of the first one.

The chatbot's development price can depend on design to development; data analysis features like machine learning etc. Here the price can vary from $5000 to $150000.Even when you use a prefabricated chatbot framework, it costs you around $40000.You can find bare bond chatbots for an affordable price or free.

Chatbot pricing is similar to a car model. You can use both Maruthi and Benz to travel from point A to Point B, but what differentiates between them will be their features and the comfort it offers. Similarly, the cost to build a chatbot depends on its features and functionality.

There are two ways to build a chatbot.

1.Build Your Own - If you have efficient developers in your team, you can build your bespoke chatbot based on the needs and preferences of the company. Here, the drawbacks would be the cost and time required to make the chatbot and the occurrence of maintenance issues.

2.Use a Chatbot Builder -It is paying a monthly subscription for a platform where you can build your chatbot. Here you are provided with a framework and timely support and maintenance from the vendor.

There are many levels of Chatbots upon which the cost of the chatbot depends.

Level 1- Free

The software providers provide a free tier where 50-1000 users can chat with the bot for free.

Level 2:Agency

Here a setup fee for the development will be charged, ranging from $500-$3000.Some agencies also charge monthly fees for maintenance, changing content, improving the bot, etc.; the higher the setup fee lower the monthly fee.

Level 3- Intelligent virtual assistants

Software providers can charge a setup fee of $1000, and with more complex setups, the fee can go upto 10x times the price.

Level 4: Deeply integrated intelligent virtual assistants

Here the setup cost can go upto $10000, and the higher-end ones can go upto $50000.The monthly fee for using this platform can usually be $5,000 - $15,000.

Wrapping up

Chatbot costs can vary from zero to a few thousand dollars per month and may cost more if you want the bot to authenticate users and connect to your backend systems. Ultimately the chatbots should be chosen based on your company's requirements. It is worth keeping in mind that you can always start small and implement a high-end chatbot framework based on the company's growing needs

[weprajith]

DeFi wallet development checklist

What is a DeFi wallet development?

Defi development, or decentralized finance wallet development, is one of the best developments from the past few years in the crypto space. Defi wallet development enables businesses to carry out efficient and hassle-free operations of Defi protocols such as exchanging tokens, borrowing, swapping, etc. Defi is an independent system; therefore, the users require a secure, impregnable, and safe wallet. Defi wallet development provides access to a protected crypto wallet that can guarantee the protection of the crypto assets with total control of the cryptos.

The most prominent benefit of Defi is nullifying the need for intermediaries and providing high transparency and security. Defi wallet development is carried out by a team having expertise in blockchain protocols, nonfungible token development, wallet integration, smart contract integration, etc., which can help accelerate your business.

What is the Defi wallet checklist?

The Defi market is a fickle one, and proper study needs to be done before entering the Defi space. Below are some of the checklists that will help you navigate the world of defi wallet development.

Do Your Research

Defi is a new market, and it is for the users to do proper research and understand the nuances of the field before jumping on the bandwagon. Once the idea is clear, you can reap profits using the defi wallet protocols. The major mistake of every new investor is that they fear missing out. Still, it is always safe to monitor the aspects associated with the Defi as you do with traditional financing. There are many protocols associated with Defi, and it is always better to know them so that you can choose the ones you prefer. These are the protocols that involve smart contracts of value, and they are the ones you should be looking for.

Ethereum-Supported Wallet

The first thing before entering into Defi is to understand that Ethereum forms the foundation of Defi. The wallet should be built so that it supports Ethereum and allows you to explore Defi using your browser. Defi wallets allow for storing and managing funds, and they can keep all the transactions for future reference. Do some research on the best Ethereum wallets that can provide all these features and provide an easy interface to carry out the Defi transactions. For new investors, Defi wallets are easier to navigate and understand.

Select a Coin to Transact

Once the wallet is ready, the next step is to select the coin through which you want to carry out the Defi transactions. Make sure to choose the coin which aligns with your Defi protocol. Most DeFi protocols active today are based on Ethereum, as mentioned before. So it would help if you ideally opted for either ETH or ERC-20. If you want to invest using Bitcoin, you need to ensure that you have an ETH version, such as Wrapped BTC. It would be best if you also chose a coin that you have confidence trading in.

Have a Game Plan

The Defi protocols should be managed and accessed in multiple ways. Once your Defi wallet is ready, the possibilities are endless, like lending crypto loans for an interest rate. You can also earn the governance tokens by lending out your cryptocurrencies and becoming a yield farmer. The next option is to put your crypto in an exchange and become a market maker where crypto exchanges like Uniswap, Sushi Swap will help you earn fees or governance tokens. There is also an option to invest tour coins in highly experimental projects due to their price volatility.

Wrapping up

Defi wallets are the basis of the Defi ecosystem as they are the ultimate asset management tool for businesses. The users are completed to use traditional banking systems to store their funds. However, defi wallets help the users by not handing over the funds to the custody of the third parties, thus offering complete freedom, security, and transparency. Businesses can efficiently perform buying and selling tokens, token exchange, trading, etc. Most of the Defi wallet development  is done on the Ethereum blockchain, and they are more attractive to businesses as they do not require many personal and background details of the users. This makes Defi wallets the safest option to handle crypto assets and transactions.

[weprajith]

How much does it cost to make an NFT marketplace on Solana?

What is a Solana NFT marketplace?

Solana today is the second most popular blockchain after Ethereum. Solana NFT marketplace has evolved over the years, and many NFT marketplaces are built on it. Solana is a decentralized ecosystem based on the Proof of Stake algorithm, which helps users to buy, sell and create unique NFTs with low-cost transaction fees and instant transactions. Solana NFT marketplace is 4000 times faster and cheaper than Ethereum, thus eliminating the congestion challenges. The Solana NFT marketplace enables the DApp developers to quickly launch crypto apps, avoiding congestion and scalability issues common in the existing networks. Solana offers rewards to both the traders and the marketplace administrators, which encourages many people to Build Solana NFT marketplace with the most up-to-date features. The Solana NFT marketplace development cost is minimal, and you are only required to pay the Solana transaction fees for each on-chain activity.

How much does the Solana NFT Marketplace development cost?

Solana is an elevated blockchain that helps many developers to build crypto apps and NFT marketplaces at meager costs with better infrastructure and bandwidth required. The Solana NFT marketplace development cost depends on the minting of an NFT on the Solana blockchain, which is 0.00135 SOL which includes three transaction fees in the network. The NFT minting cost increased to $0.12 in January 2022, for $90 per SOL. The cost to mint NFT on Solana is approx is $90

On Ethereum, you pay approx gas fees of up to $100 in some instances, which can be more expensive than the minting NFT on solsea.

On Solana, the average cost of minting an NFT will be just 0.00001 SOL or $0.015 as of October 2021

Solana NFT marketplace is the best platform to keep track of all the updates as it has a comprehensive list of projects. It also includes critical information on the main page, such as the mint date, website URL, and social media links, the quantity of NFTs in a collection, and most significantly, the minting price. NFT Calendar, Upcoming NFT, and HowRarels are some other popular aggregators.

We should develop projects with a minting price of 2 SOL or less (up to $300) as there is no guarantee that the price will grow. You should only invest if you don't mind losing. We should not buy an NFT because it is cheap as some mints are priced at 0.5 SOL or less, but the art quality will be low comparatively.

Concluding thoughts

The cost estimation of the Solana NFT marketplace can be used to determine the best NFT marketplace for worldwide traction. Before learning to develop any NFT marketplace, it is vital to research the platform's functionality and the cost involved. This will help create a unique NFt platform with better outputs and value. Solana NFT marketplace development is a fast-growing phenomenon with low transaction fees, top security, and high speed. Along with better cost management, all the factors will help you choose Solana when developing your NFT marketplace.

[weprajith]

What are the most needed features of an NFT marketplace?

What is an NFT marketplace?

NFT marketplace can be defined as the platforms where the NFTs are stored, traded, displayed, minted, and created.NFT tokens are virtual tokens that represent the ownership of something which are distinct and scarce which can be a digital item, collectible, artwork, soundtrack, or an in-game item. In contrast to regular cryptocurrencies, NFTs can be brought on both centralized and decentralized crypto exchanges. These NFT tokens are listed and traded on online marketplaces known as the NFT marketplace and here is when the need for the development of the NFT marketplace arises. The NFT marketplaces have grown into more prominence and relevance.NFT marketplaces are gaining importance in industries such as gaming, art, social networking, music, etc, and all the markets which deal with digital assets.

What are the most needed NFT marketplace features?

With the increasing popularity of NFT marketplaces features, developers have been quite busy creating marketplaces with all the possible features to meet the demands of the clients. There are some existing marketplaces as well as there are marketplaces that are developed to meet the needs of the high-end art world or niche topics. Now let us look into some of the most needed NFT marketplace features which can help with the NFT marketplace development.

Storefront

A marketplace of the NFTs must include a storefront that should be attractive and intuitive. The buyers of NFT tokens want the rarity and authenticity of their files. Though it is not possible to copy an NFT token the artists can release multiple NFT tokens of the same image and the NFT marketplaces help to give those images a label number.

Searching for items

To get the best out of the NFT marketplaces, they focus on a specific niche and decide on the scope of the files which need to be traded. A search function is required to search the required items which are listed on the marketplace. This helps in the faster buying of NFT tokens in the marketplace.

Filtering of Searches

Filters help in the easy navigation of the site as the marketplace has many collectibles and its main idea is similar to the search option. It helps to find the right token without much effort while improving the experience of the buyers. The buyers can easily sort between different categories like price, artist, payment method, best selling, etc.

Creation of listings

Whenever a user wants to list a file on a marketplace, it should provide a hassle-free and convenient method for it. The marketplace should provide the users with clear uploading instructions and also the required selling information. This information will help the users to upload the files and fill in the token information.

Listing status

Both buyers and sellers require information during the NFT transactions. Therefore whenever a file is viewed and bids are made the seller should be alerted and the buyers should be alerted whenever the file has gone through an authentication process for making a purchase. Verified features always attract collectors and thus it is an important feature of the NFT marketplace

Buying, Bidding, and Auction

The NFT marketplace should allow the buying and bidding of the NFT tokens. The bidding option includes the date of expiration of the bid and allows the users to know about the current status of the bid and the token.

Wallet

The wallet of the NFT token should allow the users to store, send and receive the tokens. Since wallets are financial pieces of information users will be worried about it, however, the newly integrated marketplace should allow the users to work with the present crypto wallet solutions.

Ratings

Ratings are an important feature for both the buyers and the sellers as users incline more towards the businesses with higher ratings. This feature helps prevent negative behaviors such as untrue representation or backing out of a transaction before the smart contract goes into effect.

 Final Thoughts

Once the NFT marketplace features are decided it needs to be implemented to  make a marketplace successful. Always do proper research and the decision should be taken as per the feasibility and the tech requirements of the project.

[weprajith]

Where can I get the best NFT Marketplace Development Services?

What is the NFT marketplace development service?

To understand the concept of NFT marketplaces, it is essential to understand the basics of NFT..NFT stands for the non-fungible token, which is a collectible digital asset.NFTs like art has the potential to become a profitable investment. It is a unique, one-of-a-kind asset that works similarly to cryptocurrency. A good NFT platform should have an attractive interface that helps potential buyers browse the tokens and make the selection. You would also require a good integration with other related services like digital wallets. To make it all possible, your team would need a good amount of coding knowledge, and there are plenty of NFT marketplace development services to help you out.

Below are the companies where you can find some of the best NFT marketplace development services.

Interexy

Interexy helps in NFT development, and it extends its reach and provides NFT development services for art, sports, fashion, fantasy sports, music, infrastructure development, content subscriptions, and many more. It helps the companies to attain avant grade solutions for the NFT market. Interexy is highly experienced in all the latest technological advancements and helps with cutting-edge NFT marketplace development services.

2. Accubits

Accubits is one of the most popular NFT marketplace development service providers. It helps in the seamless management of end-to-end functionalities of the NFT marketplace. Accubits platform is built with powerful features and functionalities which help with sub-admin management, user blacklisting, payments management, and more It helps in launching White label NFT marketplace platforms which allows the users to buy NFT without going through the tedious steps of wallet creation, metamask linking, etc. The best part about Accubit’s NFT marketplace is that now it supports flow blockchain and supports features like NFT auction and NFT drops.

3.Antier Solutions

Antier Solutions help in NFT marketplace development and also help businesses to adapt to blockchain and crypto technologies. It provides one of the most credible options for NFT marketplace development with a passion for supporting decentralized apps. They support rapid development, easy functionality and help the users with proper support even after the platform is launched. They also offer support for more unusual marketplaces, such as those dealing with NFT-backed loans or investments. Their depth of knowledge gives them an edge over many other development services. Antier Solutions can work within lots of different niches, including music, art, and gaming.

4. Infinite Block Tech

Infinite Block Tech is famous for working with famous, experienced data analysts and experienced developers, which help entrepreneurs and individuals which turn their blockchain concepts and NFT marketplaces into reality .They provide enhanced security features to keep your platform secure and they ensure that they create a marketplace of premium quality and which are attractive to the end users .It draws look and feel from popular marketplaces such as OpenSea and Rarible etc.If you are interested in Infinite blocktech services then they are always available on WhatsApp for initial conversations about your product interests and the requirements.

5. OpenSea

OpenSea is among the most popular NFT marketplace development services operating today and they offer a software development kit SDK, which allows the developers to build their own integration, which sits on the OpenSea platform. Even though it requires some developmental knowledge from your team, it is a great way to tie your marketplace with one of the best platforms there.SDK is useful for game developers who want to embed the NFT marketplace in their games. Using OpenSea to build your marketplace will allow you to build trust from your players and help you make sure the work is going on as intended.

Concluding Thoughts

NFT marketplaces is a great way to invest in collectibles, art, digital assets, etc, and there are many options available. Choose the one which meets your requirements and the NFT marketplace development you are looking for.NFT market development services can help you with your goals of creating the platform, keeping your strategy, investment, and net worth in your mind. However, do your own research to make the right decision that can help in achieving your business goals. You can pick the best service companies based on your requirements and needs.

[weprajith]

How software excellence fuels business performance?

With technology powering everything from the products to the services of a business, every company needs to grow along with the rapid growth of technology and improve its range of new skill sets and capabilities. The basic step for business excellence is to first excel in the software development of the company. Speaking of software development excellence, we do not just mean reliability, relevance, or the data solutions it offers, but it is about achieving an excellent level at all the stages of software development. Better business performance is an integrated approach to ensuring better capitalization and smooth integration of the rapidly changing world of technologies.

The business performance of the company can be improved by software development by empowering the developers,i.e creating the right environment for them to innovate and remove points of friction. This capability of the developers is known as “Developer Velocity” which means that it is not just about the speed of the development process but also unleashing the full potential of the development of talent.

Manufacturers embracing digital technologies should know the factors driving the developer's velocity, as it will help them focus on their efforts and get more return on investments both in their staff and time. Companies who are in the top quartile of the development velocity index can outperform other companies by 4-5 times and have 60 percent higher total shareholder returns and 20 percent higher operating margins. The companies getting it right also rank higher in innovation, customer satisfaction, brand perception, and talent management, so it’s clearly not just a back-office, hidden department type of initiative.

Developer velocity involves forty-six different drivers across thirteen dimensions. Given below are the needful dimensions.

Architecture

Infrastructure and platform

Testing

Tools

Engineering practices

Security and compliance

Open-source and InnerSource

Agile team practices

Team characteristics

Product management

Organizational agility

Culture

Talent management

Given below are some recommendations followed by leading global companies in order to increase their business performance.

Make a clear, engaging, and widely accepted strategy for the firm, which can be accepted by every employee of the company. This could be the major motivator for them to perform well.

Quarantine has taught us about the remote working concept, which can give us relatively small teams with a high level of autonomy.

Maintain a high level of performance discipline and delegate authority within the team. Do not spare resources to improve the qualifications of employees who have proven their prospects.

Using digital tools in the team's work is one of the important aspects of the organization. However, the human factor is still decisive, and it is better to integrate digital solutions into the team of employees.

Benefits of increasing developer velocity in fueling business performance.

Faster turnaround and time to market

Enhanced revenue, growth, and customer experience

Minimize risk of adopting new features and functionality

Sharpened competitive edge and innovative advantage

Modernizes, automates, and speeds development

Removes barriers that hinder development and innovation

Enhances collaboration and teamwork

Unleashes the potential of the software development team

Extends the value of software investments

Helps show IT ROI

Improves developer retention and satisfaction

Concluding thoughts

Improving the developer velocity is a journey. It is ultimately about improving the business performance through better software development. Businesses can only achieve greater returns by tackling the cultural and structural barriers of the business. Companies need to excel in providing better tools, product management, and talent management only then they can excel in developing the software faster and delivering better business outcomes. Developer velocity is not about ensuring success at every single turn, but it is also the ability to rebound quickly from the failures and turn them into success and hence increase the performance index of the company.

[weprajith]

Which company is best for software development?

What is software development?

Software development is designing, deploying, creating, and maintaining software for particular users or organizations. Software is developed to address specific needs, goals, and pain points of a company or business. Software development companies help to build everything from web to mobile apps to meet unique needs. Some of the world’s largest companies rely on the expertise of Software development company to build apps and software for their internal needs and for their customers.

Best Software development companies 

There are many software development companies that provide end-to-end specialized services for businesses of all sizes. Let us now look at some of the most established companies based on reputation, specialization, team development services, etc which help the businesses with their programming needs.

1.ScienceSoft

ScienceSoft is a small artificial intelligence product company in Texas that is a leading IT consulting and software development company with over 500 employees. Its professional software development assists the healthcare, finance, banking, retail, telecommunications, etc. The company’s clients include IBM, eBay, Deloitte, Leo Burnett, NASA's Jet Propulsion Laboratory, Nestlé., L’Oréal, and Procter & Gamble. It is also the creator of Viber, an instant messaging and VoIP app that has over 900 million active users around the world.

2. Accubits

Accubits is a software development company which gives in-depth expertise in software development and has helped hundreds of customers from Fortune 500 companies to tech startups, government agencies for their business requirements.The company’s clients include NASA, Dubai Police,Homeland Security,Nissan,USGSetc.The economic times has recognised Accubits as one of the most promising brands based on the parameters of innovation, brand value, brand recall, customer satisfaction,customer service and quality.This company is recognised as a global leader in AI, blockchain and customer software development.

3. Oxagile

Oxagile is a software development company based in Newyork specializing in business intelligence,big data consulting,AI and web development .Among its list of custom software development services Oxagile specializes in online video management OTT streaming media technology,video conferencing,multi screen apps for clients like.Google, MIT, Vodafone, Telecom Argentina, and Discovery Communications.   It boasts over 450 clients in over 30 verticals, including media and entertainment, healthcare, finance, e-learning, and banking.This company also uses active communication to optimize performance and to maintain flexibility .It also uses high-quality code by maintaining code style guidelines and best practices.

4.DockYard

DockYard is a digital product agency based in Boston that offers custom software, mobile, and web application development. It is a completely remote company which can draw the best talent from anywhere in the world. It specializes in product strategy and design engineering, testing m project management, training, and support. The company serves a variety of industries, including financial, retail, IT, healthcare, transportation, manufacturing, and entertainment. Among its roster of clients are Netflix, Apple, Fidelity, Constant Contact, and Harvard University. The additional service offered by Dockyard is that it offers staff augmentation, which allows it to provide short- or long-term staffing support who only need to pay for what they need.

5.OpenXcell

OpenXcell is a software development company which focuses on open software solutions like Drupal and WordPress.It includes mobile app development and has over400 employees providing solutions for over 500 clients.OpenXcell’s specialty is mobile app development, using four fundamental principles: scalability, usability, security, and performance. It offers a full-stack of app development services, including UI design using statistical and psychological research, programming, testing, and ongoing support and maintenance. This company also offers the customers a free, no obligation quote .

Concluding thoughts

Software development companies build custom apps and software from scratch to help businesses who are trying to build their software. However, not all software development companies can deliver highly efficient software products. To find the best software development companies, many crucial parameters need to be considered, such as keeping track of emerging technologies, languages, and platforms in the software industry.

[weprajith]

What is staking process

What is Staking?

While many crypto investors mine in order to gain more assets, there is another option available to some investors: Crypto staking.Staking is the process of delegating or locking up crypto holdings to earn rewards.Some of the rewards you can earn from staking are earning additional tokens and getting some voting rights.Staking is also risky since crypto is volatile, you may need to pay fees, and won't have access to your holdings should you need to access.

What is a staking process?

If a cryptocurrency you own allows staking — current options include Tezos, Cosmos, and now Ethereum (via the new ETH2 upgrade) — you can “stake” some of your holdings and earn a percentage-rate reward over time. This usually happens via a “staking pool” which you can think of as being similar to an interest-bearing savings account. 

The reason your crypto earns rewards while staked is because the blockchain puts it to work. Cryptocurrencies that allow staking use a “consensus mechanism” called Proof of Stake, which is the way they ensure that all transactions are verified and secured without a bank or payment processor in the middle. Your crypto, if you choose to stake it, becomes part of that process. 

Advantages of Staking

Staking is generally open to anyone who wants to participate.

Via an exchange like Coinbase, you can contribute an amount you can afford to a staking pool. 

Staking is available to most Coinbase customers in the U.S. and many other countries.

Staking is less resource-intensive.

Stakers get voting rights and participation.

Staking can be an easy way to grow holdings.

Risks of Staking

Cryptocurrency is a volatile investment, and as such, price swings are common.

Staking involves locking up your funds for a period of time, and if you lock up your holdings for months (or years), you won't have access to them for some time.

If you're staking outside of an exchange, by setting up and configuring your own node, you may make a mistake and incur penalties. This is called "slashing," .

DeFi staking

DeFi staking is an excellent concept for crypto enthusiasts who wish to make money by just staking the currency. With the DeFi staking, the user can get a reward for staking the cryptos. The user can stake their asset in the common pool, which helps in offering liquidity in the cryptocurrency market. These staked assets can be used for the purpose of lending and borrowing, and at the same time, the platform will use the staked tokens for various fundings too.

DeFI Staking Platform Development

  DeFi staking platform development services are currently ruling the blockchain market. They have opened up several options for investors to investigate the advantages of increasing their business growth.

Developing a DeFi staking platform is an ideal solution to provide financial services to the masses. It can offer services such as crypto lending and borrowing that earn rewards for users as a passive income.

 Conclusion

Staking can be a good way for crypto investors to put their holdings to work, earning them interest and rewards. Plus, it can get you involved in the governance and validation side of blockchain networks, which may be something of interest to certain investors.. The DeFi staking platform can be a very influential business model in the crypto space, as it plays the role of providing liquidity in the crypto sphere for millions of users. If you are into DeFi staking, then without a chance, start working on launching your own and enjoy trading.

The DeFi space is continuing to evolve at a quick pace and therefore it is essential to hire the services of a DeFi staking development company.Accubits possess many years of experience in the blockchain and cryptocurrency field.Our company consists of elite developers ,business analyst and marketers who can help you with the same.

[weprajith]

How long does it take to implement blockchain?

How to get started with the blockchain implementation process?

It is the use or substitution of blockchain solutions into existing processes or software systems. It involves creating new software that is then used to allow traditional processes to be upgraded.The duration of a blockchain project depends on the application’s requirements. The project is initiated with PoC, which typically takes 2-3 weeks. Once the PoC is done, it takes 4-5 weeks to develop a minimum viable product with bare minimum features.Launching an application on the mainnet takes around 2-3 months based on the requirements of a client.

Given below is the overview of the blockchain implementation process.

Getting started involves these steps.

Identify a Use-Case:It is a process of identifying, clarifying, and organizing your needs for a blockchain. Developing a Proof of Concept (POC):It is a process that determines the practical potential and feasibility of the blockchain project for your business.

Selecting a Blockchain Platform:While choosing a blockchain platform, you should ascertain whether they possess an open-source station. One should also ensure that their technical team is organized properly.

Blockchain as a Service: If you want to implement blockchain in business, then it’s best to go for a blockchain as a service provider. In reality, these providers can help you implement blockchain in your business and manage it. It’s a hassle-free approach to the implementation.

Building & Testing Blockchain Solution:The key aspect of blockchain technology is smart contracts. This permits people to transfer important products without requiring a central third party. You can attach your required rules to the contracts.

Onboarding Partners and Integration:When you want to implement blockchain in your business, you have to consider your partners and stakeholders as well.

Operate and Manage the Network in Production: As the groundwork for nodes to send information is laid we should also make sure to lay the foundation for them to receive information.Deployment:Next is to deploy an application on the blockchain network, which is a prepared application server.

Organisations should, right now, start making the transition to a blockchain way of working. As you can understand from the previous challenges, blockchain is going to take a long time to work within your company and at the same time you will have organisations already using blockchain to offer better services than yours.

Performed together in a transformation programme, these will solve the technical challenge whilst at the same time raising process issues to the business so that risk impact, opportunity assessment and product development can be completed.

If you are looking to launch your own blockchain solution, we can help you with our end-to-end blockchain consultant company. Our blockchain development process is comprehensive of technology consultation, storage solutions, business ecosystem standards, and frontend frameworks

[weprajith]

When to use blockchain for your startup or existing platform?

You must be living off in a cave if you haven’t heard about blockchain. The blockchain is accelerating the business operations to make them smarter. It is all set to transform numerous industries, including healthcare, supply chain, financial services, and many more.A recent Deloitte report states that the  blockchain has finally come of age and it is  evolving into a “mature solution poised to deliver its initial promise to disrupt.”

The major benefits of blockchain in businesses are-

So when to use blockchain technology??

The simple answer would be when you want to manage and secure digital relationships or keep a decentralised, shared system of record blockchain comes into existence.Anytime you want to keep a long-term, transparent record of assets (for example, to record property or land rights), blockchain could be the ideal solution.

Methods to enhance your startup using blockchain are-  

Using Blockchain Outside Of Finance:Many companies think blockchain can only be used with financial dealings, however blockchain can help in several kinds of industry, especially in tech based startups where they can have a higher edge over their competitors.

Enhancing Business Processes:It could also immensely improve business processes and help in solving more problems and challenges for your customers and gain a competitive edge over market leaders.

Attracting New Audiences:With blockchain technology, you can  expand your audience and market by targeting global markets and offering them smooth transactions without the hassle of exchange rates.

Increasing Online Security:Blockchain technology can come to the rescue of cybersecurity as they can track events, share data safely, and improve security sensors.

Increasing Capital:Blockchain technology serves to enhance the lending mechanisms that are less than stellar options for startups all over the world.

Making Fundraising Quicker: Startups can gain access to a decent amount of capital when implementing blockchain technology.Since blockchain is a self-verifying process, you can get your funding within minutes if you gain the right connections.

As a startup, your company could be one of the pioneers, using this technology to reach new heights of success.! The ideas above will get you started and the rest is your hard work and luck. Still confused on how to use blockchain technology to expand your business? Accubits is one of the leading Blockchain development companies, with years of diverse experience and outstanding expertise. The team's broad knowledge has supported over 450 clients worldwide.

Schedule a one-on-one meeting with our business partners to help you find solutions for your business needs.

[weprajith]

Blockchain development roadmap

So what exactly is blockchain?

The blockchain is a chain of time-stamped digital records, known as blocks, which are linked together cryptographically. Since every record that goes into the blockchain always stays there, it can be traced anytime, and nobody can tamper with the blocks of information.

The technology comes with the following benefits:

Decentralization

Transparency

Trust

Stepwise process of developing a blockchain roadmap

1. Identify the problem and goal

The basic step is to define a problem statement, meaning, you should know the problems a proposed solution is expected to solve.

2. Identify the suitable blockchain platform

The blockchain platform depends on the consensus mechanism and the problems it has to solve.

Some of the blockchain platforms are:

Ethereum

Hyperledger Fabric

Hyperledger Sawtooth

3. Blockchain Ideation

Here you need to evaluate, formulate, and prioritize use cases for blockchain experimentation.

4. Developing a proof-of-concept

A proof-of-concept is a way to demonstrate the practical potential of a blockchain project and it can either be a theoretical build-up or a prototype.

When you are done with all these steps, you can generally land up with a solution according to your needs. The decisions related to all stages should follow the objectives you want of the solution alongside the desired infrastructure.The decisions related to all stages should follow the objectives you want of the solution alongside the desired infrastructure. Completely new blockchain solutions could lead to a long and comprehensive blockchain development company. However, you can also opt for existing blockchain platforms that can support the resourceful of blockchain applications development .

Therefore, blockchain has the potential to disrupt countless industries and how organizations operate within them. The technology is real and it is being evaluated seriously by many enterprises and government agencies to enhance and streamline operations.

[weprajith]

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