to those seeking info about ignite
https://www.ignite.ee/works/cryptocurrency/Cryptocurrency software development
Ignite is one of the few companies in Estonia qualified in researching and working with technologies related to decentralized payments and investment platforms. At the heart of it all are digital currencies that depend on cryptography – cryptocurrencies. Such landscape with different cryptocurrencies and enabling platforms create cryptocurrency ecosystem.Most dominant, most famous, and the first fully implemented cryptocurrency is bitcoin, first digital money. The security and integrity of cryptocurrencies is achieved through community of distrustful parties that help to validate the transactions being sent to ledgers. Bitcoin transactions are recorded in a public ledger called the block chain.Cryptocurrency software developmentDistributed ledgers are an important part of cryptocurrency ecosystem, ledgers hold the accounting of timestamped transactions.Cryptocurrency ecosystem is largely built upon open source code. New features are awaiting to be created with exciting new protocols on top of the existing ones. What makes the technologies so interesting is the decentralized way or peer-to-peer transactions of exchanging information as opposed to centralized way such as PayPal or traditional banks for an example.At this time there are hundreds of cryptocurrencies available for trade in online markets and the number is growing rapidly.
We created new cryptocurrency coin
Our software development team created a new cryptocurrency coin, a crypto-token, which enables access to decentralized bill payment/investment application. For creating the new coin, existing bitcoin technologies were used. We took advantage of SHA-256 and RIPEMD-160 cryptographic hashing, Elliptic Curve DSA on the curve secp256k1 to perform multi-signature transactions and technologies related to block chain public ledger.
Wallet to enable transactions
P2P or peer-to-peer client software is integrated with Wallet functionality, it enables users to send and receive crypto-tokens electronically. Sending and receiving of the payments takes advantage of the bitcoin block chain infrastructure.
The Wallet in the client application stores the amount of the crypto-tokens and allows access to receive or spend those crypto-tokens. It can be also seen as a platform for enabling additional services to be built in the future (gateways to banks for an example).The Wallet created by Ignite team empowers individuals as well as companies to send and receive different types of cryptocurrencies all over the world in a matter of minutes.
Cryptocurrency wallet
Smart contracts and investment possibilities
Smart contracts is another functionality that our project is integrating into the payment systems. Idea behind smart contracts is to enable programmable transactions so that no human interaction is needed. It gives a whole new perspective to investment opportunities and to creating new financial instruments in a larger scale.
It is exciting to be part of developing future technologies and this is what bitcoin related ecosystem is, without a doubt.