Blockchain Development Company

Identify Problems To Solve

Our blockchain developers adopt a systematic approach to overcome challenges like interoperability, scalability, and security issues. Scalability problems arise when the blockchain network becomes incapable of managing increasing transaction volumes. Security vulnerabilities are removed by auditing smart contracts and implementing rigorous testing, examining network nodes and blockchain protocols to reduce malicious attacks.

Our vetted developers examine the performance and energy efficiency of consensus mechanisms, which helps them pick the most appropriate one for their blockchain application. By leveraging the blockchain monitoring tools and continuous testing, various blockchain development issues can be identified and addressed.

Analyze Business Requirements

All the requirements are understood and comprehended at this stage to create a robust business plan. Everything related to the business problem is analyzed, and solutions are proposed to develop a reliable blockchain app.

Everything from the backend architecture, programming languages to cryptography techniques are implemented to make the app development process free from complexities. Also, it depends upon the blockchain app catering to different industries.

Another crucial step is identifying the shareholders, categorizing the requirements, integrating features, and setting the timeline and milestones according to the client's budget.

Consensus Mechanism Identification?

Selecting the right consensus mechanism is pivotal for the success of any blockchain project. Developers follow a well-organized plan to identify the consensus mechanism that aligns with their project requirements.

• Proof Of Work

PoW is a decentralized consensus mechanism that verifies transactions via the mining process and adds them to the blockchain network, thereby creating new tokens.

• Proof Of Stake

Helps process transactions by validating entries into a distributed database and offers super fast and cost-effective transaction processing.

• Byzantine Fault Tolerance

Allows distributed systems to approve of faulty nodes, thereby maintaining consensus within the remaining nodes.

• Deposit-based Consensus

Deposit-based consensus helps achieve agreement within the network participants by enabling participants to deposit a specific amount of cryptocurrency as collateral.

• Proof Of Elapsed Time

This consensus mechanism works on permissioned blockchain networks that help decide the block winners and utilizes much less energy because it selects the node instead of miners.

Blockchain Platform Selection

Our developers choose the appropriate blockchain platform while consulting with the clients. They suggest a robust platform that aligns with the business needs and budget.

There are two important approaches involved in choosing a blockchain platform. One is to build a completely new blockchain platform that includes taking decisions solely for algorithm selection to transaction validation. It involves building your own framework like Ethereum, Solana, and Polygon, which will be quite expensive.

Another great and cost-effective choice is using a popular blockchain platform, i.e. open-source, where code will be deployed on the server via the forking technique.

Blockchain Nodes Designing

During this stage, the blockchain apps are designed and maintained. These are the essential elements of the network that work coherently to build the blockchain infrastructure.

Designing a blockchain node requires certain vital aspects to consider. Most importantly, it’s essential to ascertain whether a permissioned or permissionless blockchain network is needed. Other things to consider are requirements surrounding private, public, or hybrid solutions and where the nodes will run on-premises, cloud, or both.

The entire blockchain is stored, the transactions and blocks are validated, and a P2P communication protocol is connected with other nodes. The miners solve the puzzles to create new blocks, and the pending transactions not yet included in a block are maintained. Further, the incoming blocks are validated.

Validate incoming blocks to ensure they follow the consensus rules and do not contain invalid transactions. Cryptographic algorithms are implemented to boost security, followed by performance optimization, monitoring & maintenance.

Blockchain Configuration Planning

We will help you plan and set up the crucial factors directly responsible for an error-free blockchain network, maintaining performance and responsiveness. The configuration elements need to be mapped out for a robust blockchain platform. Those are mentioned below;

• Block signatures
• Permissions
• Native assets
• Multi-signatures
• Atomic exchanges
• Asset issuance
• Key management
• Address formats
• Key formats
• Hand-shaking
• Asset re-issuance

Our developers will configure the advanced settings based on the requirements to align with the node/environment.

APIs Development

Our team will help you execute APIs to promote interaction within decentralized apps and allow data exchange. Our developers choose the desired blockchain network with which communication needs to be initiated. Then, the developers use an API endpoint to access a particular function. Afterward, the API access is authenticated to make it safe to access.

The developers use API endpoints to send API requests to the blockchain network. Following this, the dedicated network will respond to an API request by offering confirmation. The data is secured via privacy safeguards, encryption, and other authorization and authentication restrictions. When the API response is received, it is examined by the developers, and then a decentralized application is created.

The APIs are built for:

• Generating key pairs and addresses
• Data storage/retrieval
• Data authentication
• Data storage and retrieval
• Smart contracts
• Smart-asset lifecycle management

Design the User Interface

Our designers will help you build a visually attractive and intuitive interface for your blockchain app that makes user interaction highly engaging and interactive. A highly robust interface is vital for user adoption and engagement. It should be simple in design and take little time to understand and navigate. This will help build mass trust and confidentiality while ensuring transparency and reliability.

After the app structure is properly planned, our designers will proceed with designing the UI for every software component. On the backend, the developed APIs are integrated with the user interface. Moreover, such visual designs are implemented to enhance the app's overall look.

Optimize Your Blockchain Application

Developing a decentralized app does not end here. Optimization is equally important before deployment. For this, a hardware accelerator is used to increase efficiency, performance, and scalability. They are also responsible for enhancing the specific components of the blockchain app, encompassing data storage and transaction validation technology. Additionally, the transaction loads are distributed across all app components, helping to save time, storage space, and transactional output.

Our team is well-adept with modern technologies that will elevate performance and efficiency so that the app runs seamlessly without any interruptions. The right set of tools is chosen to optimize performance. Frameworks like Hardhat, Remix, Truffle, etc., are used to automate smart contract testing. Also, a code editor like Visual Studio Code facilitates formatting and syntax highlighting. Even gas efficiency performance is optimized by utilizing gas analyzer tools like Tenderly, Gas Reporter, etc.