The emergence of cryptocurrencies like Bitcoin, Litecoin, Ripple, and Ether has completely changed the current financial ecosystem. The success of Bitcoin became an inspiration for the new cryptocurrencies to emerge. Bitcoin is open-source and the original source code is available on the internet for free. This means that anyone in the world can create a new cryptocurrency by using the same code provided by the Satoshi Nakamoto. These new digital coins that are derived from the codebase of Bitcoin are popularly known as Altcoins. There are hundreds of them and new coins keep coming every other day.
All these cryptocurrencies are backed by a secure digital ledger called Blockchain which records all the cryptocurrency transactions. The transactions are stored in a series of blocks that are digitally linked with each other, thereby forming an extensive database. The use of blockchain provides a high-level security and an optimum level of transparency to the cryptocurrency network.
Why Oodles Technologies For Cryptocurrency Development Solutions?
Oodles Technologies is a leading offshore Cryptocurrency Development Company with an excellence in building high-octane cryptocurrency applications. We have an extensive experience in Cryptocurrency development solutions. With a highly proficient team of Blockchain Developers, we strive to deliver best-in-class Blockchain solutions at the best market rates. We also specialize in building Smart Contracts, Exchange Platforms, Hyperledger, Private Blockchains and Cryptocurrency Wallets.