Crypto currency wallets mobile app demo (blockchain)
This is the block chain mobile app(both Android and IOS supported) that Nextinfo developed for bitsharker inc.
What is a Cryptocurrency Wallet?
A cryptocurrency wallet is a software program that stores private and public keys and interacts with various blockchain to enable users to send and receive digital currency and monitor their balance. If you want to use Bitcoin or any other cryptocurrency, you will need to have a digital wallet.
Our cryptocurrency wallet mobile app allow users to monitor their balance, send money and conduct other operations. When a person sends you bitcoins or any other type of digital currency, they are essentially signing off ownership of the coins to your wallet’s address. To be able to spend those coins and unlock the funds, the private key stored in your wallet must match the public address the currency is assigned to. If public and private keys match, the balance in your digital wallet will increase, and the senders will decrease accordingly. There is no actual exchange of real coins. The transaction is signified merely by a transaction record on the blockchain and a change in balance in your cryptocurrency wallet.
Cryptography
Cryptography is the most important component of blockchain. It is
certainly a research field in itself and is based on advanced mathematical
techniques that are quite complex to understand. Nextinfo developed
a solid cryptographic solutions to ensure security in the system.
Note: There have been many hacks reported
on wallets and exchanges due to weaker design or poor cryptographic
implementations.
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