Bitcoin Cryptocurrency Development & Integration
A Peer-to-Peer digital currency created in 2009 by Satoshi Nakamoto (which happens to be a pseudo name), Bitcoin has by and large brought us a revolution in the world of online payments as well as currencies, in general.
Anyone across the globe can have access to Bitcoin Cryptocurrency without a hurdle because it’s free and it’s open source software. Not just have access to it, but even create your own version of Bitcoin and introduce it in the Cryptocurrency market! Altcoins would be an apt example of an alternate Cryptocurrency that people have come to use today. A big advantage being its decentralized nature unlike other currencies which are government-issued, Bitcoin offers to charge way lesser transaction fees than its counterparts.
Now, as it isn’t a physical currency, you don’t see any banks or governments backing it; nor can you have an individual Bitcoin used as a commodity. So, how do you keep a track of this ‘money’? The answer lies in a very sophisticated system of balance keeping. Every Cryptocurrency exchange is facilitated over a cryptographic ledger, on the cloud.
Blockchain technology, this ledger that we’re talking about, keeps a track of transactions with the help of its extraordinary prowess of computing, high-level security, and complete transparency. Being an immutable database, you can, at no point in time, change any Cryptocurrency exchange that you once entered in the ledger.
How Metizsoft Serves You?
A good question about Bitcoin would be, how is it circulated? Another one would be, how does a Bitcoin come into existence? The term Bitcoin mining offers us the answers. Whether it’s releasing a new Bitcoin, or adding any transactions to the Blockchain, it’s done through Bitcoin mining.
This process itself is a bit daunting, as it first involves solving a puzzle that’s supposed to be very difficult, computationally. Once a participant has successfully solved this puzzle, they get to compile a transaction or Cryptocurrency exchange into a block, place that block on the Blockchain, and finally claim their reward.
Here, the reward means the miner gets the transaction fee paid to them in the form of Bitcoin, in addition to the newly released Bitcoin. The reward is a way to incentivize the process of Bitcoin mining.
It has been quite a journey that Bitcoin has undertaken since its inception as a revolutionizing technology, to today when it’s clearly one of the most cutting-edge software the world has seen.
It’s been our good fortune that we’ve been a witness to this uphill journey. And it would be in our own best interest if we hop on, on this train of world’s most popular digital currency, take advantage of it being open source, interact with Blockchain Technology, and take this revolution further.
Top 5 Cryptocurrency 2017
As expected, the Bitcoin is in the top of the list with a market capitalization of $29,919,930,192.
A platform built for smart contracts that is controversial due to its recent hard fork which resulted in diverging blockchains
Ripple is a real time gross settlement system network by ripple.
It’s also an open source pear-to-pear digital currency same like Bitcoin.
Monero is an open-source virtual currency introduced in April 2014 that focuses on privacy and decentralization.
Why Choose Metizsoft Solutions As Your Bitcoin Developers?
Standing amongst the pioneers of Bitcoin Wallet App development company, we at Metizsoft Solutions have more than a considerable experience when it comes to creating high-end Cryptocurrencies that run flawlessly over the Blockchain.
We offer Bitcoin development at the best rates available in the market. We are an expert team of Bitcoin developers who specialize in Blockchain wallet App development, Bitcoin mining software development, Bitcoin ATM Software Development, as well creating unique Bitcoin Apps for clients everywhere across the world.