Identify the Problems
Our blockchain software developers use a systematic approach to overcome interoperability, scalability, and security issues. Scalability problems arise when the blockchain network cannot manage increasing transaction volumes.
We remove the security vulnerabilities to reduce malicious attacks by
- Auditing smart contracts
- Implementing rigorous testing
- Examining network nodes and blockchain protocols
We identify and address various blockchain development issues by leveraging the blockchain monitoring tools and continuous testing.
Analyse Business Requirements
Our team comprehends the requirement to create a robust business plan at this stage. We analyze every minor and major business problem and relevant solutions to develop a reliable blockchain app.
We implement backend architecture, programming languages, and cryptography techniques to simplify the blockchain app development process. The approach also varies based on the blockchain app's target industry.
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. Our developers follow a well-organized plan to identify the consensus mechanism that aligns with their project requirements.
- Proof of Work (PoW)
PoW is a decentralized consensus mechanism that verifies transactions via mining and adds them to the blockchain network, creating new tokens.
- Proof of Stake (PoS)
PoS processes transactions by validating entries into a distributed database and offers fast and cost-effective processing.
- Byzantine Fault Tolerance
It allows distributed systems to approve faulty nodes, thereby maintaining consensus within the remaining nodes.
- Deposit-Based Consensus
Deposit-based consensus helps achieve agreement among network participants by enabling them to deposit a specific amount of cryptocurrency as collateral.
- Proof of Elapsed Time (PoET)
PoET works on permissioned blockchain networks. It helps to decide the block winners and utilizes less energy as it selects nodes instead of miners.
Blockchain Platform Selection
Our developers help clients choose the appropriate blockchain platform during no-cost consultations, assisting them in choosing a robust platform that aligns with their business needs and budget.
There are two important approaches to choosing a blockchain platform.
- One is to build a completely new blockchain platform that includes making decisions solely for algorithm selection and transaction validation. It involves building your framework, like Ethereum, Solana, and Polygon, which is expensive.
- Another great and cost-effective choice is to use a popular blockchain platform, such as open-source, where code will be deployed on the server via the forking technique.
Designing the Blockchain Nodes
During this stage, we design and maintain the blockchain apps. These essential network elements work together to build a robust blockchain infrastructure.
Designing a blockchain node requires certain vital aspects to consider.
- Ascertain whether a permissioned or permissionless blockchain network is needed.
- Analyzing requirements surrounding private, public, or hybrid solutions, and
- Defining where the nodes will run on-premises, on the cloud, or both?
In this stage-
- We store the entire blockchain
- Validate the transactions and blocks
- Connect a P2P communication protocol with other words
- Miners create a new block and maintain the pending transactions
- Validate incoming blocks to ensure that they adhere to consensus rules and do not contain invalid transactions
- Implement cryptographic transactions to boost and enhance security and optimize performance.
Blockchain Configuration Planning
We plan and set up the crucial factors that ensure an error-free blockchain network while maintaining optimal performance and responsiveness. We also map out the configuration elements essential to building a robust blockchain platform, as outlined below:
- Block signatures
- Permissions and Native assets
- Multi-signatures
- Atomic exchanges
- Asset issuance and reissuance
- Key management and formats
- Address formats
- Hand-shaking
Our developers configure the advanced settings based on the requirements to align with the node/environment.
API Development
Our API development starts with
- Executing APIs to promote interaction within decentralized apps and allow data exchange
- Selecting the appropriate blockchain network to initiate communication
- Using an API endpoint to access a particular function
- Authenticating the API to make it safe to access
- The developers use API endpoints to send API requests to the blockchain network.
- 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. The APIs solve various purposes such as;
- 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 built a visually attractive and intuitive blockchain app interface. A highly robust interface is vital for user adoption and engagement. It will help build user trust and confidentiality while ensuring transparency and reliability.
After planning the app structure, we design the UI for every software component. The team integrates the developed APIs with the user interface on the backend. We also implement visual designs that enhance the app’s overall appearance.
Optimize Your Blockchain Application
Our experts use a hardware accelerator to increase efficiency, performance, and scalability. Moreover, they enhance the specific components of the blockchain app, encompassing data storage and validating transactions.
We distribute the transaction loads across all app components to save time, reduce storage usage, and optimize transactional output.
Since we are a leading blockchain app development company, we use frameworks like Hardhat, Remix, Truffle, etc., to automate smart contract testing. Code editors like Visual Studio Code help us facilitate formatting and syntax highlighting, and Tenderly and Gas Reporter optimize gas efficiency.
