Emerging Trends in Blockchain and Bitcoin App Development

Today almost all industrial verticals require bitcoin app developers and bitcoin app development solutions. The solutions affixed with the Blockchain are actually out stepping the prescribed standards and statistics and are quite in very much demand.

By now, the bitcoin app development is ruling the entire payment landscape, and will continue to bloom in 2018 as well. Of late, bitcoin introduced the blockchain technology that can now be said as the major confines for storing and processing the transactions.

Needless to say, bitcoin brought the blockchain, but is now expanding its peripherals. Plentiful of the companies are getting into the concept of developing the shared ledger ecosystems that are not linked to the bitcoin with any perspective.

According leading mobile app developer Octal IT Solution, in the coming time, while the bitcoin app development will continue to explode, the dominance of blockchain technology had also ignited to a great extent. Thus, keep reading the post for identifying the top trends of the blockchian technology.

The emergence of smart contracts

As the name suggests, the contracts are getting smarter. Now when it comes to contracts, they can be anything such as business contact, academics certificates, fund collection etc.

Now what is a Smart Contact?

It is basically a tiny program that is settled and executed on the blockchain. Now, the question that arises here, why would business do such a big thing for signing the contracts, simple because the blockchain provides the below three major benefits:

  1. Un matched security
  2. Very fast execution
  3. Distributed system

 

The above example clearly says that the concept of smart contracts is really very useful and is capable enough to meet the diverse business requirements.

The landscape of smart contracts narrated above is very basic. They are actually governing all the ways businesses used to execute the programs. The ideation of storing the digital assets on the blockchain is itself a complete full room of opportunities.

Ethereum

It can be called as the second level of bitcoin. Generally called as the bitcoin 2.0, it is far much efficient when compared with the bitcoin. The only variation that exists among Ethereum and Bitcoin is that, Bitcoin is just a currency and is nothing more than that whereas Ethereum can be defined as the ledger technology that can be used to develop new and reliable programs. Both of them operate on blockchain” technology, however, Ethereum comes out to be the clear winner in the race.

If Bitcoin can be said as 1.0, Ethereum is 2.0 that set the standards for building very excellent decentralized applications. It comes with its own programming language that allows the developers to write the smart contacts.

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