jack richer
by on December 3, 2021

People want freedom from centralized authorities. As a result, they prefer to deal in digital currencies to earn high returns. Undoubtedly, cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) are surpassing new heights with every passing day. Where do investors store these digital assets? They can safely back it up on software and hardware wallets. Likewise, let us know the steps behind Blockchain wallet development. 

What is a crypto wallet? 

There are different kinds of crypto wallets in the market. The most common ones are hot and cold wallets. Thus, investors can manage their funds online or offline as per their preferences. 

For example, the popular software wallets in the world are Arkane, Authereum, Bitski, Coinbase Wallet, Dapper, MetaMask, MyEtherWallet (MEW), Portis, Torus, etc. Likewise, the well-known hardware wallets are Ledger Nano S, Ledger Nano X, Trezor One, and SafePal S1. 

Users of wallets can access features like Bluetooth integration, social media login mechanism, real-time portfolio management, token swapping, and a key vault. Besides that, they can link their hot and cold wallets with crypto exchanges, DeFi platforms, and NFT marketplaces. 

The step-by-step process to create a Blockchain Wallet is 

Deciding the business objectives - It includes finalizing the broad goals for creating a crypto wallet. You ought to study the changes in market conditions for knowing the preferences of investors.

Assembling the tech stack - An array of Software Development Kits (SDKs), programming languages, and web frameworks are used for Blockchain wallet development. It comprises AngularJS, C++, JavaScript, Node.js, PHP, Python, Ruby, and Swift. 

Focusing on security - Measures like anti-DDoS protection, cross-site request forgery (CSRF) protection, end-to-end data encryption, biometric authentication, server-side request forgery protection, and two-factor authentication (2FA) must be incorporated. This protects the data and funds of investors from hacking and phishing attacks. 

Wrapping Up

Trading volume, the number of transactions, and market capitalization of cryptocurrencies are rising rapidly. Yearning to be the king of Web 3.0? Start Blockchain wallet development now by connecting with a white-label wallet solution provider soon.

Posted in: Business, Technology
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