December 6, 2018 at 7:45 am #9686Anubhav singhParticipant
Exchange Application Development > Exchange
Facets of a Robust Cryptocurrency Exchange Application
Robustness of a cryptocurrency exchange application depends on both its number of users as well as its features and functionalities. Both of these facets are interdependent as they support each other. Better the features of an exchange, more will the number of its users. Apart from additional perks for customers, the basic characteristics of the exchange application are also the prime determinants. Security, cost, supported cryptocurrencies, user-friendly interface, deposit methods, large selection of trading pairs are the primary features of a good exchange. Thus, Exchange Application Development should take into account all these factors to create better crypto-exchanges.
Mobile or Web Application: Which is Better?
It is advantageous to adopt both mobile and web approach in currency exchange development. A cryptocurrency exchange not only functions as a trading platform but also as a decentralized application. A scalable and multifunctional exchange based on blockchain might not be supported by Mobile devices, although there are separate platforms in Android and iOS to launch them. Thus, exchanges should be both as mobile and web applications.
The long debate of adopting Mobile over Web or vice-versa is almost over. Now both are equally relevant to enterprises, although Mobile Applications are gaining more popularity in the public domain. However, as cryptocurrency exchanges are a bit different from conventional applications, the approaches to use them are also different. It also depends on the user-friendliness or the UX of application. If a smaller mobile screen can display all its aspects adequately or if the design workflow is comprehensive, it can beat the odds of larger devices. The quality of exchange application development is pivotal in the determination of its adoption.
Read: Latest Developments in Exchange Development.
Approaching an Exchange Application Development Company
The quality of development is strongly dependent on the application development company. A technology developer must be reliable enough. It should ensure bug-free development creating highly secure exchanges. As exchanges are the platforms to trade currencies, a single vulnerability could lead to a massive loss. Exchanges must have authentic technology as the basis. Enterprises should only approach development services backed by experienced developers. It is not only necessary to go through the portfolio, but also the technology expertise of persons involved in the projects.
The following is the checklist to determine the strength of an exchange application development company.
Is the development process and approach effective enough?
Transparency and proactive communication in every stage of development.
Is the process cost effective?
How is the testing procedure?
What are the after development processes? Do it manage the exchange.
A cryptocurrency exchange needs regular vigilance and updates. An enterprise should not only approach a company to develop, but also to maintain the platform regularly. Generally, an exchange requires regular updates and bug fixes. This is the reason, an Exchange Application development company does not only develop the exchange but also partners with the enterprise for its management.
Read: How Mass Adoption of Cryptos will Impact Exchange Development.
The Positives of Oodles Blockchain Services
Oodles Blockchain is a technology partner of Cryptocurrency Exchanges. We have developed large exchanges and have been managing them. As a technology partner, we oversee each aspect of a platform and ensure unhindered operation. We regularly update security features and integrate new functionalities on demand.
In-depth market research is another advantage of Oodles Blockchain. We offer solutions after stringent analysis of the market. This helps our clients to gain a natural advantage as our solutions are as per both long-term and short-term demands of the industry.
Partner with Oodles Blockchain for Exchange Application Development.
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