Anybody working with new business technologies or applications will surely come in contact with blockchain. Blockchain is improving rapidly. And this evolving technology is turning out to be a fixture in modern technological development. Well, as the technology is widely used in the various field can define the value of such technology. It’s popular mainly because it breaks the limitations of conventional record keeping.
However, the reality is not that fortunate for every business. That’s why a lot of companies tried to explore this evolving technology and their future wasn’t that bright. We can show you a large example of both small and large industries losing a huge sum of their investment over the blockchain ledger. Just one state can give you a big idea. According to the China Academy of Information and Communication Technology (CAICT), there are more than eighty thousand blockchain projects launched around the globe. However, only 8% of blockchain projects remain active.
So, there are many failed attempts for launching a successful blockchain project. But the industry needs to come up with proper goals and strategies for the project to flourish. Now the biggest question is, what is it that the project lacks? Some may blame the very nature of the blockchain itself. However, most of the project fails for poor development.
That’s why choosing a good blockchain or cryptocurrency development is a must. There are certain aspects only the development company understands. So, every business has a certain loophole regarding blockchain. But you need to have a clear view about your own project and try to find out the best development company.
Things to consider while choosing the best Ethereum development company are a big question. In this context, we will try to give you a complete overview of blockchain and cryptocurrency development. Make sure you follow our leads and finally come to a conclusion.
What is Blockchain?
So, the main question here is, what is blockchain technology anyway? The straightforward answer should be, blockchain is an incorruptible and evenly distributed network throughout different computer networks. Anything recorded in the blockchain ledger is calculated or verified by other computer networks of the specific network. For this reason, no individual machine can delete, rewrite, change or manipulate the records of the network. No doubt about the fact that this is a novel system for various data systems of different industries.
Originally, the architecture shed light after the invention of bitcoin. The technology is extremely difficult to hack. A recent claim by Statista is that by 2022 there will be around a 12 billion dollar investment in the blockchain network. Mainly, the versatility of the blockchain ledger makes everything simple and straightforward. From medical records to boring bank transactions, everything is adaptable in a blockchain network. However, even blockchain network comes with three distinctive categories. We should discuss them briefly here.
The three types of a blockchain network
Even blockchain varies depending on its type. Now, there are three types of blockchain ledger available. First, you have to understand the specifications of each blockchain. Only then you can understand how to choose a development program. So, let’s take a look at the three different types of blockchain network:
Private networks share similarities with decentralized networks. Well, private networks are shared between two individual parties. Such parties have gained trust and can live with sharing information between them. Just from the name alone, you can guess such networks are not accessible by the public. So, only a few individuals can have a look at the network. Most of the time, such networks are there for storing information. Not just that, such network does not use cryptocurrency in their network.
Public networks are slower compared to other types of blockchain networks. Now, this is a real fact as public access is available in such networks. This means a lot of people can gain access to this network anytime they want. Now, these networks operate on full nodes, cryptocurrency mining, and transactions. Even trading tokens are one of the attributes of public networks. Not just that, public networks are expensive. Thus, every start-up should always consider public networks for flourishing their industry.
The Permissioned network is a different type of blockchain network. Now, they can be a hybrid form of the previously mentioned blockchain network. The basic structure is quite simple for a Permissioned Network. Anybody can gain access to the information of the blockchain network. However, they will need permission from the blockchain network. Permissioned networks are fast and you can use them with low latency.
Benefits of using Blockchain Network
There is no doubt that the value of blockchain networks is on the rise. But we should take a good look at the benefits business might get after using blockchain technology:
Higher Efficiency of Record Keeping
Blockchain ledger helps users to remove the middleman once and for all. So, buyers and sellers don’t need to worry about any middleman charging commissions for their trade. Also, the ledger is popular for direct connecting traders. So, blockchain is an efficient gateway solution for modern trades and record keeping.
Get everything organized
Just think of blockchain as a simple Google Doc. You can keep everything organized here. Every transaction made on such a platform is secure. Furthermore, you can structure the network perfectly. It’s like a database that can be tracked and managed by few individuals. As you can do everything manually in the network, no need to worry about fraudulent activities.
Extremely hard to hack
The very nature of blockchain makes it extremely hard to hack. That’s why blockchain networks offer no fraudulent activities. Actually, the blockchain network is the heart of all technologies. Not to mention, the activities of the network are managed by individuals. So, information will not leak that easily. No outside bad actors can make any prior edit to the information on the network. Mainly, the reason is behind the encryption method of the blockchain ledger.
Blockchain platforms are great for their transparency. Everybody in the blockchain network knows who is rendering all the information of the blockchain network.
Choosing the best Cryptocurrency Development Company
According to most users’ experience, the primary reason for a blockchain project’s failure is poor development. On the other hand, finding a proper blockchain developer is not a big deal in our era. Now, do you have any idea about what blockchain developers should possess? We usually check good experience, price rates, and good reputation is important. So, how do you choose the best cryptocurrency development company?
So, what should you consider before choosing your perfect blockchain developer? Let’s have a look at the aspects you should consider:
Understand your project
Blockchain may be a simple technology. However, simplicity is not always a blessing. It’s always hard to understand the aspects of such technology. So, before consulting or handling your project, you must research thoroughly. Just knowing about the technology is not going to work. You have to plan the application structure too.
Yes, this is solely up to you at this phrase. However, this is better than just relying on the test of others. When you know about your procedures, you can understand the work of the development company. Don’t try to rely on the promises of other companies. When there is no plan in order, the project is deemed to fail. But this is just the first step towards your goal.
A clear vision can save you from the loophole. Only after devising your plan, you will reach the second consideration.
Choose a Cryptocurrency development company with consultancy service
Planning is not always efficient. You need expert advice and suggestions for the plans to bloom. Well, blockchain development companies are always working with the ledger. So, they are always updated with the latest trends, problems, and solutions. But when you devise a plan, there is always a slight imagination.
But expert advice can guide you with the pros and cons of your plan. Not just that, when a development company offers consultation, you can get a good idea about their knowledge. Their outlook on your plans can shape the project.
Now, this is true that not every company can avail staff for ensuring consultation service. So, make sure you choose a company that can offer you a better consultancy service.
The Developer Company should agree to work with agile models
Times have changed, and you don’t have to work with a fixed model anymore. In the past, if the client had any special requirements, the cryptocurrency development company would try to ensure that via the prototyping process. But our contemporary time demands an agile structure. Day by day, blockchain network solutions are improving.
Due to their evolving process, you need to come up with uniqueness. Now, no development can provide you blockchain applications all at once. Blockchain development is a gradual process. The development company needs to maintain its step-by-step approach.
That’s the reason why you have to make sure your partner development company can offer agile development programs. When they can ensure such support, you can work with scalability, adoption rate, and functionality. Remember, building a blockchain network from scratch is really hard. You do need expert help but you also need agile models to evolve through time.
Choose a company that has a professional team
Now, you cannot just understand the team of a development company. But you must ensure that your development company can delegate a dedicated team. Just think about a scenario, every development company is always handling multiple projects. So, most of the clients face a bad experience with most development companies.
This happens mostly due to a lack of staff and dedicated teams. Every development company is or should be composed of experts of a different portion of the field. So, blockchain development should come with a full staff team.
Blockchain development company comprises blockchain programmer, quality analysis expert, tester, and many more experts. So, when you find a consultancy service in your target development company, you can know their team.
Furthermore, you can check their customer review, and previous projects to understand the team. When a development company is always working on a global scale, they can satisfy your needs. You don’t have to remind them every time about your project. But as a client, you cannot know until you start working with them.
Still, you have to be cautious about the whole project. Blockchain development is lengthy and costly. You don’t want to consider your money going to waste.
Test their professionalism
Blockchain development companies should be professional enough to provide you the best project delivery. But how can we decide whether they are professional or not? The very first way is to understand their customer review. Knowing about their successful project can also help you understand their quality. Try to find the demo work of the development company to know better.
Also, before engaging with the development company, you must inquire. One thing for certain, nobody can tell you more about a company than the company website. So, inquire about the website smartly. If you can do so, you can understand their background.
Also, you must ensure that the company will follow the deadline. Every day a lot of new projects are coming. So, delay for a single day can make a huge difference or impact. And how will you be sure about their deadline? Just contact the previous clients. Try to contact multiple clients to understand their timelines.
Only previous clients can help you know about their punctuality. Smart inquiry can help you solve the puzzle of the target development companies’ professionalism and line of work.
Don’t fall victim to the price quotes
Most of the time, clients fall victim to price quotes. Well, you would want to gain the best value for money. But just like we said, blockchain is always evolving. Not to mention, the technology is costly. So, you don’t get to choose a gap between development and cost-cutting. Development companies use price quotes as an effective marketing strategy.
We can understand you want to save money for later development or campaigns. But going for the cheapest development service is not a smart idea. One thing for sure, a low price can never ensure optimum output. So, the sensible approach is to fix a budget for your project.
After doing so, you can easily find your target development company. You cannot plan after checking out the price quotes. Your plan can engage with different changes after you fix a budget. So, you have to constantly work to find the best service.
Choose a service within your domain
First of all, you need to find a development company that matches your time zone. This is mainly for communication purposes. However, most professional blockchain development companies offer 24/7 customer service. But when you are cooperating with a company, your time zones should match each other. This way, your communication will be held without any interruption.
On the other hand, blockchains’ most popular sector is the financial sector. So, a lot of people consider blockchain as a record-keeping network for cryptocurrency. However, this is not the only place where you can utilize blockchain. Blockchain can keep transactional records from healthcare to shipping.
So, what type of blockchain network you want is also important. We have discussed the three types of blockchain networks. So, you need to understand if the development company can meet your domain.
Why Do Crypto Developers Meet All Your Blockchain Solutions?
Blockchain Development is a common affair in our era. Crypto Developers can offer the best blockchain solutions for our clients. Crypto developers can become a great choice for your project. We can strongly claim our confidence because we have completed more than 300 blockchain-related developments. We offer ICO, crypto wallet, MLM application developments for our clients.
But why should you consider Crypto Developers as your perfect blockchain development company? We need to discuss our credibility here:
We have good experience & Knowledge in Blockchain
Blockchain is a simple concept but very hard to understand. The nodes are evolving every time. We are aware of the technology, terminology, and concepts of the technology. Not just that, we have been working with blockchain networks for more than 5 years. Thus, our experience on a global scale gives us an edge over every development. We are experts in Matrix, Binary, Board MLM plan, Univalve.
Our knowledge of the network gives us the skills and accuracy to implement blockchain networks in android and iOS devices. Our clients are satisfied with our work. Also, we are so confident about our skills that we offer a money-back guarantee.
We have a wide array of blockchain development services
As a leading cryptocurrency or blockchain development service, we offer a wide array of application development. Our blockchain development service includes:
If you are thinking about creating your digital currency, we are here to facilitate your plans. You have to create a public blockchain network to ensure you can create cryptocurrency-related transactions. Well, you can also use a distributed ledger for creating a smart contract. We provide private blockchain for financial, health care, retail, manufacturing, development service also. Our cryptocurrency development program offers:
- Smart contract development
- Cryptocurrency development
- Private blockchain network solution
Crypto wallet development
A cryptocurrency wallet is a software program. This software program handles crypto transactions. You can trade, monitor, earn cryptocurrency using a crypto wallet. So, when you are working with blockchain development, introducing a crypto wallet is important. This gives you an edge over your competition.
For Crypto Developers, reputation is like a shadow. Our developments always portray such facilities. According to our clients, we are a reputed cryptocurrency wallet development company based on App development, website design, UI Design, and more related to programming tech, in cryptocurrency wallet App. We always develop the best and latest cryptocurrency wallets.
Yes, there are different types of wallets available. But we can categories our wallets into three different options:
- Web cryptocurrency wallet development
- Mobile wallet development for Android and iOS devices
- Desktop cryptocurrency wallet development
Our developed cryptocurrency wallets offer the best user experience and control. You can check out more details after contacting us.
Bitcoin MLM Software
Bitcoin is still the most popular payment method in the MLM business. So, Crypto Developers always like to use the bitcoin revolution. We are also specialized in Bitcoin MLM software Yes, we are the master and currently one of the best bitcoin MLM software developers.
Cryptocurrency-related investment applications are getting popular. Well, if you are thinking about developing your MLM software, we can help you. Crypto Developers offer awesome and responsive web-based online & offline applications. Furthermore, you can integrate your MLM CRM, MLM e-commerce systems with our developed applications.
We have a professional team of developers
Crypto Developers always offer agile development programs. Thanks to our dedicated staff and programmers, we can keep our clients satisfy. We are always busy with different development programs. But we can always keep our clients updated and satisfied with their demands.
Currently, we have 30 professional programmers with vast knowledge in different coding languages such as Java, PHP, Python, Ruby on Rail, C#, Node.js, and others. These coding languages are often used in various blockchain development applications.
We also have blockchain experts, testers, and analysis experts to bring out the best results possible.
24/7 customer care
Customer care is vital for a successful project. We don’t want our clients to worry too much about their projects. Also, in this modern age, it’s easier to connect. But the difference in time zone is also a very important consideration. However, we have 24/7 customer care to back them up.
Yes, we won’t be able to solve everything right away. But we can pinpoint each problem and assure you that we are working on the problem. Crypto Developers always try to ensure the best connectivity possible.
We offer consulting service
Crypto Developers always ensure you get agile development service. Thus, we have a consulting service. We don’t work based on the existing programs. Rather, we like to hear you out. Before starting a project, we try to understand your goals and views about your plans.
After that, we can guide you, give you suggestions or advice. Our blockchain experts can contact you and answer all your inquiries. Finally, when we conclude our discussion, you can decide whether you will work with us or not.
So far, our strategy remains the same. Furthermore, our clients are very happy with our cooperative consultancy services. Hopefully, you will try to contact us and start with sharing.
The whole world is shifting towards blockchain. We are even excited about the evolving nature of blockchain technology. However, the project failure ratio is also dramatic. The excitement of starting a blockchain network may suppress the thought of failing. But you have to be smart while choosing a blockchain development company.
We tried to clear some basic considerations for choosing blockchain development solutions. We are also a leading blockchain development company working for years. Our success gives us a bright idea about how you should also approach us. Even if you don’t approach us, how should you find the best solutions available – we tried to guide you with that.
Hopefully, now you can consider the best partner for your project. Let’s join this exciting world of blockchain and gain success without worrying about failure.