Cryptocurrency is a subset of digital currency that is developed to work as an exchange medium to proceed the secure online transactions using cryptography. With the digitalization in the mode of transactions, the trend of cryptocurrency is under the revolution. Since cryptocurrency plays a great role in the digitalization of the world but still in one or the other means, its necessity is not yet been grasped by a substantial number of individuals, government, banks, and numerous associations. We, at ShadowSystem, develop completely accountable and infinitely scalable cryptocurrency system that performs up to “Ten Thousand” transactions per second.
Cryptocurrency, is a digital currency, with focused control supporting peer-to-peer transactions at a rapid speed. Its whole functionality is based on a highly secure encryption method without any centralized control. It uses cryptography, public and private keys for security purposes to enable digital currency transactions.
Blockchain Technology is one of the safest and most secure platforms that use distributed database for storing data. Cryptocurrency is developed using the blockchain technology, and the transactions or the performed operations are updated on the real-time basis of all the systems in the network worldwide. The information of each transaction is stored in a block with unique hash (#) value.
Thousands of transactions can be processed within fraction of a second. It is not possible to process any fraudulent transaction or to hack the blockchain technology.
It is most necessary to analyze the platform that is used by the user for exchanging their digital currency is capable enough to process the transaction successfully or not. It must also need to ensure the privacy, security, genuineness of the exchange platform on which a user is going to put their faith.
Here at ShadowSystem, we have developed a trading platform where the clients will be able to process highly secured peer to peer trading of cryptocurrencies embedded with a software, hardware and exchange system capable enough to proceed thousands of bug-free real time transactions.
Our exchange platform enables you to exchange nearly all the available cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Ripple, Devcoin, Nem, Komodo, Decred, etc. at very convenient and easy to use basis.
The blockchain is a conscientious digital ledger of financial transactions that are developed to record virtual transactions including everything of value. As we approach the 2020s, a variety of organizations are ripe for disruption using blockchain powered systems, applications, software platforms.
Using the power of the blockchain technology, we at ShadowSystem, have developed a wide range of software systems, mobile/ web applications, and exchange platforms for meeting the custom requirements of organizations, small to large scale businesses, as well as the individual clients.
We specialize in developing blockchain technologies that are operated using private or public keys, using two-way key systems and specified encryption algorithms. We also consult on application development over existing blockchains such as Ethereum for a variety of use cases in a wide range of industries.
Custom Altcoin Creation
Paper Wallet Generator
Coin Repair & Alteration
Hash is a message digest, or we can say a number originated from a text string and hash is a smaller identity then the text. Only a single text string can be generated from a hash value; another string cannot be generated from the same hash value. Check more details about hashes - Wiki
After collecting the required information about hashes, it is necessary to take the knowledge of Hashing Algorithms. A variety of hash algorithms are listed below that are used in the creation of a wide range of cryptocurrencies and their coins.
Secure Hash Algorithm (SHA 256) is a family of cryptographic hash functions drafted by NSA (US), and it generates specific (32-byte) 256-bit signature for a string of text. Six to ten minutes is the general range for SHA 256 block processing. Giga-hashes per second (GH/s) is the required hash rate for it. ASIC hardware (application-specific integrated circuit) can be used to perform SHA 256 algorithm mining.
If we talk about the most famous cryptocurrency, i.e., Bitcoin, then in it the SHA 256 is used in mining as the “Proof of Work” algorithm and also used to improve privacy and security in the “creation of bitcoin addresses.”
It is a password based key derivation function generated for secure online backup service. By requiring large space of memory, the algorithm makes it costly to execute comprehensive custom hardware attacks. As compared to SHA-256, Scrypt is more quick and simple and its hash rate is measured by Kilo-hashes per second (KH/s).
As it uses 11 distinct algorithms that are interconnected with each other, that's why it is the name of chained hashing algorithm. To secure the cryptocurrency network, it is used for the “Proof of work” calculations. X11 is 35 to 50% cooler, require 30% less wattage, and more energy efficient then Scrypt, this is its major advantage, that’s why it is preferred over Scrypt. Its hash rate is measured by Mega-hashes per second (MH/s).
For enhancing the suitability on ordinary PC CPUs, the Cryptonight algorithm was designed. For promoting the cryptocurrency transaction privacy, it was executed in an open sourced protocol (CryptoNote).
It is different from Scrypt, in it the new block creation depends on all the previous blocks and its hash rate is measured in hashes per second (H/s).
Dagger Hashimoto is the mining Algorithm for Ethereum and is the superseded by Ethas. It was designed to meet two specific needs including ASIC Resistance and Light Client Verifiability. It's hash rate if measured by Mega-hashes per second (MH/s).
In the modern world, the currency exchanges have gone digital, and instead of using the physical currency, people are opting to make their transactions digital via cryptocurrency like Bitcoin, Ethereum, Ripple, Monero, etc. We at ShadowSystem have developed well planned, structured and stabilized cryptocurrency that is much better in functionality and can easily be mined at the infinite number of times.
The first cryptocurrency was Bitcoin that was brought into the existence by Satoshi Nakamoto in the year 2009. It is leading the race of most preferred option that tempts the online users to invest online.
We at ShadowSystem are the best cryptocoin creator and knows very well the methodology that is needed to be followed for accessing the most optimized blockchain development services. We provide excellent functionality and superior assistance to the client throughout the existence of the code that we have programmed. Throughout the service span, we have only catered quality rich and technically advanced services with hi-tech functionalities to hundreds of clients all around the world. We always focus on a purpose to make the clients available with satisfactory cryptocoin creation services, cryptocoin mining services.
ShadowSystem is here with a vision to make our clients available with a great platform to provide the blockchain development services with technical checklists and a unique code to serve the clients all across the world. Our cryptocurrency development services include hi-tech assistance to store invariable data. We believe in assisting the automated enforcement in cryptocurrency & producing smart code to achieve the desired set of cryptocurrency functionality.