Support Blockchain Smart Contracts Ethereum
Ethereum is the technology behind smart contracts. The power of Ethereum lies in its decentralized innovative way of running applications. It saves costs and simultaneously increases security. As a company renowned for building futuristic Ethereum applications and smart contracts, skalex assists enterprises in leveraging their business by implementing Ethereum technology.
Vitalik Buterin, the creator and co-founder of Ethereum, once described it this way:
“Ethereum does not have features, it just has a programming language.”
In other words, you can use Ethereum to build any kind of application or start any kind of smart contract.
The main idea behind Ethereum is decentralization. Ethereum applications don’t run on any one server or computer: they execute on the blockchain, which is distributed across the globe. Ethereum functions through a proof-of-work consensus, meaning that every computer on the network comes to an agreement about the transaction before it is approved.
Ethereum smart contracts have made it possible to create and manage assets — both tangible and intangible — securely, privately, and at a low cost. Its most exciting value-added feature is automation. Automating contracts means that third party intermediation is unnecessary, so contracts can run reliably without excess bureaucracy or mitigation.
All Ethereum applications and smart contracts run on a blockchain that is very difficult to change or tamper with. This means that user data is extremely secure against hacking or theft. Additionally, because it is decentralized, there’s no risk of service disruption in case a natural disaster, accident, or human error makes a server go offline. That’s a benefit of decentralization: there’s no single point of failure.
The Ethereum and Bitcoin blockchains share a number of positive features, such as transparency and strong security. Unlike Bitcoin, though, Ethereum is Turing-complete. This means that it can create programs, including smart contracts, capable of solving any reasonable computational problem. Turing-completeness allows Ethereum applications to implement sophisticated logic.
© Copyright 2022 skalex GmbH
Company reg. no. HRB 778965
PRIVACY STATEMENT | LEGAL & CONTACT DETAILS
Most ICOs/STOs require participants to download an entire blockchain and set up a local wallet. This can exclude investors who are less technically savvy, seriously restricting the market for support. skalex’s system facilitates multi-currency funding from a wide variety of platforms, whether it’s an exchange trading account or hosted wallet like Coinbase or BitPay.
Most ICO crowdsales are only open for 3-8 weeks. Many ICO holders want a custom exchange so their coins can be traded after the official launch. skalex has been developing cryptocurrency exchanges since 2013, and we can develop an exchange tailored to your project’s needs.
As veterans of crypto-exchange software development, we understand the importance of security. Our software’s multi-layered security system provides our exchange partners the strongest protection at all times.
The cxClient is the frontend user interface of our exchange software. It is responsible for rendering everything that investors (end users) see in their browser.
It allows users to sign up, log in, place buy / sell orders, view their trade history / purchased tokens, view balances, deposit/withdraw digital assets, upload KYC documents and view charts.
Changes to the design and layout all take place in the cxClient. The cxClient also features Google Authenticator and email-based two-factor authentication as security measures on the frontend side.
The cxServer processes everything that comes from the cxClient side. It retrieves the user input from the cxClient and then writes it into the database cluster.
Put differently, the cxServer is the API between the cxClient and database cluster.
If an investor signs up, for example, the cxClient forwards the input information to the cxServer which subsequently writes the information into the database cluster.
skalex Software provides the option of adding a wide range of extra features, which allows an even better customization of the exchange.
From liquidity features like the Internal Distributed Shared Orderbook (DSO) to security and admin features such as KYC Implementation or the Token Holder Discount Program, we offer options that guarantee high flexibility, security and customization.
The cxEngine module matches trades on the exchange.
Moreover, the cxEngine is also responsible for providing the data in the order book, reviewing and executing transactions, and calculating account balances.
The cxWallet is the multicurrency wallet module which stores all cryptocurrency funds.
If an exchange offers three tradeable cryptocurrencies (e.g. Bitcoin, Ethereum and Litecoin), the cxWallet will contain three separate wallets. Each wallet will be synced up with each cryptocurrency’s respective blockchain.
The cxAdmin module provides the administrative interface for the exchange operator.
cxAdmin It is the equivalent of a business intelligence and management software. Within the interface, admins can approve deposit/withdrawal requests, manage KYC requirements, create and answer support tickets, modify trading fees, and manage cold storage functionalities.