admin_Blo@xbyts, Author at Blockchain Development Services Company

Investing In Crypto Wallet Development: Cost Factors & Features

Cryptocurrencies like Bitcoin and Ethereum are on the verge in the finance industry. With the increasing popularity of digital currencies, the need for cryptocurrency wallets has also surged. Crypto wallets are digital wallets that allow users to store, manage, and trade cryptocurrencies safely. As a result, creating cryptocurrency wallets is now a profitable business venture… Continue reading

Why Are Smart Contract Audits Essential For Blockchain Development

Smart contracts are the heart of the blockchain ecosystem. They automate transactions and enable innovative applications. As technology matures, trust and security also become essential and that is why performing smart contract audits is important to stay away from potential threats. Smart contract auditing builds trust and paves the way for sustainable blockchain development and… Continue reading

Blockchain Hash: How This Tiny Fingerprint Secures Blockchain?

Conventional databases had a central repository. This was the main problem because anyone could steal the documents or hack the servers to obtain all the information at once. The digital ledger technology distributes and encrypts data, is the only solution to this issue. Blockchain is an immutable distributed ledger that uses “blocks” as the unit… Continue reading

Securing Blockchain: 10 Strategies for Unbreakable Blockchain Security

→ With Great Power Comes Great Responsibility Likewise, blockchain is a technology playing a great role in revolutionizing industries. With this innovative technology comes responsibility, particularly about security. What if your data becomes safe, transactions become immutable (unchangeable), and your blockchain becomes secure and unbreakable? Is this attainable? Yes, with appropriate tactics. Securing blockchain is… Continue reading

NFTs 2.0: How Utility NFT Impacting the Real World in 2024?

Let’s recall how easy it was to own art. A real painting by an artist that you hang on your wall. Art was then stored as computer files in the digital age. However, the question arises, how can you establish or validate your digital ownership? NFTs came as a solution that allowed viewers to possess… Continue reading

What Are Music NFTs? How Do They Empower Fans & Artists?

Back to the time, when an artist releases a hit series that fills their pockets with royalties from each sale. Fast forward to 2024, when the same hit song needs hundreds of millions of streams across platforms like Spotify or Apple Music to generate comparable revenue. Here comes the technology, Non-fungible tokens (NFTs) that became… Continue reading

Token Showdown: ERC-20 vs. ERC-721 vs. ERC-1155 – Who Will Rule the Blockchain Arena?

The world of tokens and coins is influenced by cryptography, cypherpunks, and blockchain technology. Tokens are unique digital tools used for various purposes. The NFT market is booming with various token standards that represent unique digital assets. Ethereum’s ERC-20, ERC-721, and ERC-1155 are three major protocols approved by the Ethereum blockchain. Each protocol supports the… Continue reading

Central Bank Digital Currency Evolution in 2024

Over the last decade, technological advancements changed the way we handle money. From traditional coins and paper bills and cash to digital transactions. Now, when the world approaches a cashless society with cryptocurrencies and p2p transactions with blockchain, here comes a question: What’s next for money in 2024? Moreover, Central banks are already debating this… Continue reading

ISO 20022 Coins – A Detailed List of Compliant Cryptocurrencies

The ISO 20022 standard has gained significant importance in the financial sector as a unified framework for electronic data interchange among financial institutions. Originally designed for conventional financial transactions, this standard has now extended its reach to encompass the realm of cryptocurrencies. ISO 20022 introduces standardization and interoperability to the crypto industry, facilitating more seamless… Continue reading