Cryptocurrency wallet development
Cryptocurrency Wallet Development company
Rated as the finest player in developing crypto exchange script applications, Hivelance is now emerging as the cryptocurrency wallet development company having stockpile of clientbase in major countries. We follow the cryptographic algorithmns and maintain your crypto wallets meet the industry standards. Military grade security is guaranteed for your crypto wallet with extra measures taken dedicately.
What is a cryptocurrency wallet?
A Cryptocurrency wallet is the integral part of trading that communicates with various blockchain networks enabling the users to send,receive,store and track their crypto funds.Through multiple wallet implementations, users can experience safer and faster transactions.Generally, it is a software application that supports different crypto tokens.
Before moving to cryptocurrency wallet development, let’s understand how the backend infrastructure of crypto wallet works.
Crypto wallet architecture
People use crypto wallets for transferring & storing cryptocurrency with high levels of security protocols followed. In order to have safer transactions,the architecture of the crypto wallet must be designed with security enriched.The architecture of crypto wallets is explained below for your knowledge.
The entire structure of a crypto wallet is built in a way to perform 4 different functions.
- The foremost is wallet management. After depositing the funds,the private keys ensuring the security process will be generated by wallet core and LevelDB stores it.
- The Next mechanism is withdrawal and wallet address generation in which wallet-gateway tracks the transactions and supports data transfer using gRPC protocol between wallet-core and wallet-gateway components.
- The important component is ledger-monitor program, which injects new block events to MQ(RabbitMQ).
- Finally the ledger-consumer merges two MQ consumers, one is to maintain UTXOs for our system wallets and the other is deposit to handle users notifications.
Cryptocurrency wallet use cases
Large investors to even small businesses can utilize crypto-wallets in their business strategy and enjoy its benefits. When fully integrated, the crypto wallet can have multipurpose serving enabilities. The use cases of crypto wallet in services like,
- Merchant payment services
- Bill payment for day to day activities
- Automated savings process
- Contactless payments
- Budget planning
- Financial advice
- To get rewards,coupons and discounts
- Shared online accounts for project fund allocation.
Crypto wallet business model
Business model of cryptocurrency wallet can be split up into multiple streams depending upon the use case.Most popularly used revenue models are shown below.
1. Transaction Fees: A transaction fee is cut from users for executing transactions and giving storage options in the personal wallet. Transaction fees vary with each wallet and are subject to change.
2. Consultation Fees: Cryptocurrency wallet owners can earn commission for providing consultation services. They guide crypto users on the right investment opportunities like which exchanges are safe to invest. Crypto wallet owners can make a huge amount of earnings through consulting.
3. Staking: Staking is a process of holding crypto assets in a crypto wallet for a certain period of time. It involves locking users' crypto assets on agreement and rewarding them in the form of interest.
Cryptocurrency wallet development services
Crypto-trading along with blockchain technology is going to be the future occupants everywhere. In this trading process,crypto wallets play an exuberant part making faster and safer transactions. Hivelance being the leading cryptocurrency wallet development company, offers you highly dynamic solutions in making your own crypto wallets or updating existing ones.
Security features we offer in crypto wallet
- Transaction history
- Speedy transactions
- Cross platform compatibility
- Login protocols
- Wallet backups
- Multiple currency integration
- Two factor authentication
- Eliminating fraud transactions.
Unique cryptocurrency wallet development services
As the leading cryptocurrency wallet development company, we received multiple requests for creating a wallet in the diverse blockchain networks available. Starting from bitcoin to NFT, we are capable of delivering wallet solutions in all areas.
Bitcoin Wallet Development: Our developers are expertised in building both centralized and decentralized bitcoin wallets.Entrepreneurs opting for building secure bitcoin wallets can use our solution that’s available ready-made.
Tron Wallet Development: We are the top most tron wallet development company. We guided and helped many startups, large ventures in launching tron wallets for their businesses.
DeFi Wallet Development: With our defi wallet development solution, you can make your users enabled with entire control over the private keys. We apply the best protocols in developing the non-custodial wallets.
Mobile Wallet Development: We offer you both iOS and Android compatibility crypto wallets with complete source code. Made with the latest technical frameworks like Flutter, the crypto wallet can be customized easily without much engineering cost. Get to witness the visual look of our crypto wallet by booking a demo.
NFT and Multi-sig Wallet Development: NFT wallets play significant applications in the buy/sell process of NFT collectibles. Bring your users engaged with NFT collection by enabling seamless transactions in the wallet. Multi-sig wallet or shared wallet is one of the most sought solutions from us and we are undergoing many ongoing projects right now.
White label crypto wallet development
Design, customize and get your cryptocurrency wallet within 7 days.! Having years of experience in crypto wallet development, we have ready-made crypto wallet solutions in hand.The white label crypto wallet solution can bring full freedom to apply your uniqueness in whatever way you want.
Benefits of availing white label crypto wallet
- Easy to customize source code
- Single handed code operation
- No additional charges
- Tested and verified
- No revenue sharing option
- Space to add future updates.
Our crypto wallet development process
Analysis: We do various types of research and probe deeply about the latest technology and we gather all the benefits in crypto wallet development.
Planning and building: We assist clients for successful launching of crypto wallets and our working technique helps them to stand tall in organizational competitions.We finally build wallets with top-notch solutions.
Implementation: We implement the wallets and take control over the updates and corrections.When inherent user base growth happens in their business, we help them in scaling even after the project delivery.
Why choose hivelance for cryptocurrency wallet development?
We are well aware of the security threats, fraudulent activities and loose ends that may cause your crypto wallet to be lost in the market. To bring bank-grade protection in the wallet, we developed a secured code with our own in-house experts.