Blockchain Transforming Businesses for a Better Tomorrow
The disruptive blockchain technology is transforming the way businesses operate. With decentralization at its core, blockchain is enabling better transparency, security, speed, and efficiency in processes.
Almost every industry – including finance, real estate, healthcare, entertainment, art, and more – is ripe for blockchain adoption. Start-ups, enterprises, and decision-makers are harnessing the potential of blockchain to simplify and optimize their operations while reducing the overall cost. According to International Data Corporation, worldwide spending on blockchain solutions is expected to reach $12.4 billion in 2022.
Block Finch Expertise Blockchain Protocol Development
At Block Finch, we offer end-to-end blockchain protocol development solutions to help start-ups and enterprises navigate their journey towards blockchain. Our diligently crafted solutions, deep domain knowledge, and rich experience together expedite the journey while enabling our clients to take the lead.
If you are a start-up or a small or medium-sized enterprise looking for blockchain protocol development solutions, we can successfully cater to your needs. Whether you want to venture into the DeFi space, NFT space, or any other domain, we align our solutions with your requirements to achieve meaningful outcomes.
Consensus Algorithm:
Achieve Better Decision-Making
When it comes to transactions, blockchain records them on a distributed ledger. It is of paramount importance that every node maintains an identical copy of the database. Failing to do so can lead to conflicting information.
At Block Finch, we leverage different consensus algorithms to build high-performance blockchain products.
Proof of Work (PoW)
It involves validators (also referred to as miners) competing to solve a puzzle using their computers’ processing power. The first miner to solve the problem is rewarded for their work.
Proof of Stake (PoS)
The PoS algorithm does not have validators competing as the block creator is chosen by an algorithm based on users’ stakes. As the creator solves the puzzle, he/she receives a transaction fee.
Proof of Authority (PoA)
It provides a small and dedicated number of blockchain actors the power to validate transactions or interactions with the network to update its more or less distributed registry.
Delayed Proof of Work (dPoW)
It is a modified version of the Proof of Work consensus algorithm that allows one blockchain to take advantage of the security provided through the hashing power of a secondary blockchain
Leased Proof of Stake (LPoS)
It is an enhanced type of Proof of Stake consensus algorithm that is used by the Waves blockchain network to achieve the distributed consensus to secure the network.
Delegated Proof of Stake (DPoS)
It is an advancement of the fundamental concepts of the Proof of Stake algorithm. The DPoS system is maintained by a voting system for choosing nodes that verify blocks.
Connect with our subject matter experts to share your business requirements.
DeFi Protocols Development
Decentralized finance (DeFi) protocols have witnessed a staggering growth over the last two years. As of today, the total value locked in DeFi is $66.35 billion. DeFi protocols potentially address the pain points in the traditional finance industry – such as centralized control, delayed transactions, inaccessibility, and more.
At Block Finch, we offer mission-driven solutions for DeFi protocols development, helping start-ups and enterprises to launch their DeFi platforms and tap into the billion-dollar market.
Uniswap
A decentralized exchange built on Ethereum’s smart contract protocol that facilitates trading and swapping of ERC-20 tokens directly from the Ethereum wallet.
Project Serum
A decentralized exchange built on a blockchain compatible with Bitcoin and Ethereum. It allows traders to engage in transactions involving currencies other than ERC-20 tokens.
Compound
Compound is an open-source, autonomous protocol built for developers. It enables algorithmic, efficient money markets on the Ethereum blockchain.
Aave
One of the popular DeFi lending protocols, Aave is an open-source and non-custodial protocol to earn interest on deposits and borrow assets.
Yearn Finance
It comprises a string of DeFi-focused protocols that leverage multiple lending services, including Compound, Dydx, and Fulcrum to optimize lending options.
Fulcrum
A decentralized platform designed for tokenized margin trading and lending. It enables users to lend assets for interest or enter into short/leveraged positions.
Sushi
Also known as SushiSwap, it allows users to deposit their tokens into a liquidity pool. These funds are then lent out, enabling users to earn interest on the money.
Synthetix
Synthetix is a crypto exchange built on Ethereum. It allows users to participate in margin trading in a completely decentralized manner.
Notional
Notional is an on-chain Ethereum protocol that enables users to lend and borrow at fixed rates and predefined maturities. If you want to build a DeFi platform akin to these, we can expedite and simplify your development journey.
Connect with our subject matter experts to share your business requirements.
NFT Protocol Development
Non-fungible tokens, popularly known as NFTs, are digital representations of assets that are unique, and thus, non-interchangeable in the real world. The year 2020 laid down a solid foundation for NFTs, and 2021 witnessed them gaining mainstream adoption, owing to major partnerships from sectors including digital art and sports.
Various start-ups and enterprises across industries are tapping into the NFT market to capitalize on its potential. At Block Finch, we offer NFT protocol development solutions to help businesses take their idea into execution.
NBA Top Shot
It is an officially licensed blockchain application that allows NBA fans to collect the most memorable moments from NBA history. These moments are sold as NFTs that contain a short video of an in-game moment.
CryptoPunks
CryptoPunks are collectible pieces of crypto art, represented by NFTs on the Ethereum blockchain. They inspired the development of the ERC-721 token standard for digital collectibles.
CryptoKitties
The first NFT to go mainstream, CryptoKitties is an Ethereum-based game that allows users to collect and breed virtual cats. The game has non-fungible tokens, each representing a unique cat on the blockchain.
Sorare
Sorare is a global fantasy soccer game that allows users to buy, sell, and manage a virtual soccer team with digital player cards that are non-fungible tokens based on the ERC-721 standard.
Decentraland
Decentraland is an Ethereum-based decentralized virtual world that enables users to utilize customized avatars, trade collectibles, and participate in the virtual world’s governance process.
Hashmasks
Hashmasks offers digital art collectibles created by more than 70 artists from across the globe. The platform lists a total of 16,384 digital portraits with unique characteristics like eye color, skin color, mask, and items.
SuperRare
It offers a digital marketplace to enable artists to tokenize and monetize their authentic, single-edition artwork as collectible digital items. Each artwork is represented by an ERC-721 token and is traceable on the blockchain.
Ethereum Name Services
Ethereum Name Services is an open, distributed, and extensible naming system based on the Ethereum blockchain. It houses unique and non-fungible domain names represented by ERC-721 tokens.
Rarible
This Moscow-based platform enables users to mint, buy, and sell their unique digital collectibles, including digital art, DeFi insurance policies, domain names, memes, and metaverses.
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Rapid Development
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