Blockchain has been an integral part of the global economy since its introduction in 2009. Bitcoin is now valued at more than $31,000. There are many other cryptocurrencies that have gained large profits, in addition to bitcoin. Stellar, a distributed payment network, was launched in 2014. It is unique because it allows cross-border payments to be made. It is an open-source blockchain database designed to make transactions more efficient, safer, and simpler. It provides secure, low-cost and real-time international payments.

Stellar Lumen is also known as XLM or Stellar Lumen.

Jed McCaleb was the founder of Stellar. Stellar allows people to transfer money internationally in crypto or their fiat currencies into crypto. Stellar Development Foundation, an international non-profit, is dedicated to unlocking the world’s potential economic growth by making money more fluid, markets opener, and people more empowered.

Stellar is unique in that the transaction fee for each transaction is only 0.00001XLM. Stellar’s transaction fees are low, which attracts more people and helps them keep the most of their money.

What is a Stellar wallet, and what can it store?

Stellar’s basic functionality is handled by a stellar wallet, which is an application component that handles account creation, key storage, queries, and transaction sign-up to the Stellar database.

Stellar wallets are not able to hold digital cash. Stellar wallets allow you to sign and submit transactions and view the Stellar leadger’s history and current status. The ledger stores data including all offers to buy and/or sell, accounts, and balances that are shared by all the nodes making up a network. The blockchain stores the actual data. Wallet stores caches and references to the Stellar databases.

The main takeaway is that Stellar wallet is more than just storing or holding something. Stellar wallet’s focus is on accessing and surfacing network data, not storing anything.

Wallets are client-side transactions that use user secret keys to gain access to user accounts. To ensure security, wallets must use strong TLS encryption to transmit all traffic. Security cannot be achieved without key management. Before we get to the creation and management of wallets, let us first cover key management in a Stellar wallet.

How to manage keys?

For any app, the first step is to handle user onboarding. Secret keys control access to the user’s account. It is therefore important to determine how to handle keys, and how to add the Stellar account as a user object.

You might be asking yourself a very important question: who “owns” the account? Three possibilities are available to answer this question:

• The owner is the service provider. He or she stores the secret keys, and the user has the right to use the keys. It’s a custodial facility.
• The owner is the user. He/she will take care of their account credentials, and delegate transaction signers. It is a non-custodial services.
• Mixing both using multi-sig. This method allows for account recovery and maintains non-custodial status.

It is important to take care of secret keys and store them safely, regardless of whether you choose the first or third option. It is easy for things to go wrong and lead to a disastrous situation. However, developers have the option to choose which option suits their needs best. Our goal is to show you how to make a non-custodial services. Our goal is for you to be able to access Stellar account information using the intuitive encryption method.

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A smart contract is a computer protocol that allows for verification, facilitation or enforcement of the performance or negotiation. Smart Contracts facilitate transactions that are free from the intervention of third parties. Smart Contracts also allow for the exchanging of money, shares or any other value in a non-conflictual and transparent manner. The vending machine analogy will be used to describe smart contracts. In general, you need to go to a lawyer or notary and wait for the document to be delivered. Smart contracts are easy to use. You simply need to drop your crypto token (for example bitcoin) into a vending machine. Your escrow and social identity, or any other account will be created.

Smart contracts also set penalties and rules just like a traditional contract but enforce obligations automatically. This article will demonstrate how to create smart agreements on Stellar Blockchain. Stellar Blockchain is one the best blockchain platforms for financial operations that can be performed decentralized.

Stellar Smart Contracts – What are they?

Stellar Smart Contracts (SSC) are Smart Contracts. Stellar Smart Contracts (SSCs) can be described as a combination of executed and related transactions through different constraints. These are just a few examples of constraints you can use when creating SSCs.

• Multisignature: What keys must be used to authorise a specific operation? What are the parties required to agree on a situation in order to execute steps? Multisignature is a concept that requires multiple signatures from different parties to sign transactions emanating from an account.

• Atomicity/Batching: What must all operations be done together or they will fail? What are the conditions that will make it fail or succeed? Batching is the process of including multiple operations in a single transaction. Atomicity makes sure that any given sequence of operations submitted to the network fails if any one operation fails.

• Sequence: In which order should transaction series be processed What are the dependencies, and what are their limitations? The sequence number on the Stellar Network shows the concept of the order. Utilizing sequence numbers in transaction manipulation is a way to ensure that transactions are not executed if an alternate transaction is submitted.

• Time Bounds: When can a transaction occur? Time bounds restrict the validity of transactions for a specific time period. The SSC allows for the representation of time periods using time bounds.

Here are the steps for creating Stellar Smart Contracts

Stellar Smart Contracts will be created using the Stellar Javascript SDK, Node JS and the Stellar testnet.

Make pairs of public/seed keys

The Stellar SDK provides a random key generated method:Stellar.Keypair.random()2 pairs are created and saved locally in a file to run the scripts one after the other.

Add funds to the account

The platform will validate a stellar account with a minimum amount in Lumens (XLM). You can ask the friendbot on testnet to fund your account with 10000 Lumens. You would need to send an HTTP request to the exchange platform to add XLMs and exchange fiats to your account.

Read More : https://www.leewayhertz.com/create-stellar-smart-contracts/

We create and build customized blockchain solutions with Hyperledger, EVM, Solidity, Cosmos or Substrate. In addition to creating business logic for running the blockchain, our experts know how to create an NFT-based decentralized platform bridges, bridges and DEX tokens, metaverse and DApps.

Blockchain Development Services

Blockchain Technology Consulting

Our approach to blockchain-related consulting starts with the question of the why, what as well as how the blockchain could enhance your business solutions and provide transparency and trust into the process.

dApps Development

From design to planning and creation, our Blockchain experts develop enterprise-grade applications for decentralized blockchain to aid clients to speed up time until market, and increase ROI.

NFT marketplace development

We assist businesses in creating their protocol-specific, decentralized NFT marketplaces that manage NFT trading, bidding and the sale of digital assets. To resolve interoperability concerns we create cross-chain marketplaces to facilitate the production and trading of multiple-chain compliant NFTs.

Metaverse development

With a deep understanding of Blockchain, NFTs, and Crypto development tools, we provide Metaverse Development services for projects that cover NFT markets, social media, and 3D gaming.

Blockchain Supply Chain Development

We create, deploy, and manage blockchain-based Supply Chain solutions which provide full transparency at each step of the supply chain’s path and assist in removing mistakes in communication and data transfer.

Custom Blockchain App Development

With experience in a variety of blockchain-based platforms such as Tezos, Hyperledger, Polkadot, Tron, Stellar, and EOS We build flexible and robust customized blockchain software solutions for companies and startups.

Smart Contracts Development

Smart contract development at our company includes creating and deploying self-executing contracts that can be used on private and public blockchain networks. We are experts in the creation of digital contracts that are suitable for crowdfunding and blockchain solution for supply chains, NFT projects, and numerous applications.

Decentralized Exchange

Our blockchain development team develops robust and secure exchange platforms that are decentralized on Android and iOS that allow the instant trading of digital currencies efficiently and securely.

Blockchain Wallet Development

Our blockchain developers create robust and feature-rich websites and mobile wallets which allow the exchange of different digital currencies and assets. They also integrate with features for cross-chain exchange of tokens.

Tokenization

Our team of blockchain developers will help you tokenize any asset you’d like that will ensure trust, transparency and effectiveness. Tokenization helps reduce volatility and bring more liquidity to a broad range of assets.

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It’s been almost 30 years since web was introduced. It began with static text and images. Next came web2, which gave rise to the modern internet. Web3 is now in its infancy. It envisions data seamlessly being transferred across a decentralized platform, where ownership and control can be distributed. It is built on the decentralized blockchain technology stack. Web3’s economy and business models are powered by cryptocurrencies and tokens.

Web3 is the marketplace of preference for all businesses, regardless of industry. It is expected that it will grow to become a major player in 2022. It was built around the concepts of edge computing and blockchain, cryptocurrencies, NFTs, virtual reality, and cryptocurrency. Web3 development has experienced a substantial increase in popularity, as more businesses attempt to integrate their products into the new space. Google’s recent search trends reveal that web3 interest is up by 33% in just the last few months. This indicates that businesses are more interested moving from web2 to web3. Additionally, web2 migration to web3 is a transition form application-centric design towards a user-centric philosophy of decentralization.

What is web2 exactly?

Web2 refers to the second generation Web. It is also known as “read/write web”. It is an attempt to bring interactive functionality and compatibility to the Web2 platform through the following features.

• User-generated content
• Transparency of data and integrations
• The web is a platform, not a network.
• Software as a Service via API implementation technology

What is web3 exactly?

Web3 allows users to “read-write own” the internet. It utilizes blockchains, NFTs or cryptocurrencies to empower them in the form of ownership.

Features of web3

Web3 is decentralized -Unlike web2, in which the internet is owned and controlled by centralized entities (web2), web3 allows ownership to be divided amongst users and builders.

Permissionless – Everybody has equal web3 access, and no one is exempt.

Native payments – Web3 uses crypto to send and pay money online rather than relying on the old infrastructure of banks, payment processors and credit card companies.

Trustless – It operates using economic incentives and economic mechanisms, rather than relying on trusted third party partners.

Read More: https://www.leewayhertz.com/how-to-migrate-a-web2-application-to-web3/

Expanding the web and continuous improvement of the infrastructure of the web is crucial in order to make internet technologies more accessible to users and enabling digital transformation. At first, Web1 offered us static websites as well as text-based websites to give information to users . Web 1.0 did not focus on input by users. This web version is referred to for its “read-only” web.

The next generation of the internet web 2.0 was developed and is the current version of web (internet infrastructure) that we are currently using. It is accessible, user-friendly and integrates with other services as well as systems and software products. Web 2.0 is a web-based version that consists of web-based as well as social multimedia applications.

We are now getting ready for the next version of the internet-web3 Web3 is the decentralized internet infrastructure that has brought about an era of change in the online world. But, the concept behind web3 remains not well understood by many. Businesses have also begun to research the real-world uses of web3 in order to fully utilize its potential to transform business.

What is Web3?

Web3 is Web3 is the “next-iteration” of the internetand is the evolution of web 1 (HTML-based static websites) and web 2 (dynamic user-generated web). Web3 is still a developing concept, with many changes taking place on the future. People are frequently confused when they are trying to distinguish between web3 and 3.0. So, let’s look at the two terms.

Web 3.0 The semantic web

Web 3.0 is a semantic web. The term “semantic” defines a study of unique logic and language. Tim Berners, the world web’s creator, came up with the concept that web 3.0 as an web that could read and processing data with no human intervention.

Web3 -The decentralized web

The co-founder of Ethereum, Gavin Wood, coined the idea to end an era of centralization of the web, where tech giants such as Facebook, Twitter and Google are able to access and collect information of users. Web3 relies on technology and concepts like blockchain, self-sovereign identities, and decentralized storage systems, altering the notion of ownership of data and giving the power to users.

Architecture of Web3

Web3 is a serverless web design, also known as a decentralized internet, which is designed to give access to data as well as management access rights for users instead of any central entity.

Read More: https://www.leewayhertz.com/web3-use-cases-and-applications/

Create your own cryptocurrency swap exchange using our white label platform, SwapNow. It is bolstered by institutional-grade security as well as leading features our white-label crypto swap exchange offers quick and efficient crypto swaps for endless exchanges.

The market is always growing and every time a company is looking to expand and ambitious, a new token is introduced onto the market. Each token isn’t just an additional value, but also an opportunity to invest. For certain investors, this could affect their financial outlook and knowing how to trade efficiently can make a huge impact.

If you are confronted with a massive quantity of coins, beginner traders might not know what to do. They might have gotten certain coins from one exchange but they are looking for a way to make money from the other. This is the reason why a majority of people stick to the traditional method of conversion. They convert cryptocurrency into fiat currency and then use it to purchase the currency they want. While this is an option it will require an additional step and you may require transaction fees repeatedly.

The practice of trading crypto has gained traction across the top platforms and is becoming a popular selling feature to smaller exchanges. It’s extremely quick due to its design therefore the competitive advantages depend on the variety and transaction costs.

How do crypto swaps work?

The White Label cryptocurrency swap exchange can be described as a fully-functional platform that offers a quick time-to-market. It offers a simple and user-friendly interface that allows your customers to transfer crypto using a simple process of 1-2-3. Our white-label cryptocurrency exchange that we offer, which was designed for general use, does not pose an issue for those with complex graphs, but provides a Web2 users a pleasant experience thanks to its UX.

Key features

• Fast transaction
• Unlimited swap
• Cross chain swaps

The practice of trading crypto has gained traction on major platforms and is now an important selling factor to smaller exchanges. It’s very fast due to its design, consequently, the competitive features depend on variety and transaction fees.

Read More: https://www.leewayhertz.com/whitelabel-crypto-exchange/

Evolution in technology is vital to advance various aspects of the digital age and enhance our virtual experience of reality. Metaverse is a case of the most technologically advanced. A decade ago our capability for digital communication was limited to phone texts and calls, and now, thanks to Metaverse technology, we’re looking at possibilities that go on a totally divergent direction.

Big tech and the internet have re-created the concept of the metaverse . It also created a mature 3D environment that could provide a full-bodied digital experience for people. Metaverse is currently developing a new age for the internet, urging people to get ready to benefit from the web’s next version.

Origin of the Metaverse

What is the metaverse? The answer to this question isn’t an issue for many people in the present. It is now easy to define metaverse as a fully immersive web where users are able to gain access to virtual reality and augmented reality persistent environments . Users can access the available services via their individual avatars as well as other digital technology.

But, some people may appear confused if required to prove the source in the universe of metaverse. So, let’s look at the topic first. Although researchers have used the fundamental 3D as well as VR notion of metaverse since early 80s, the precise phrase “Metaverse” first appeared in Neil Stevenson’s novel, which was published in 1982. The characters in the novel are able to travel to a different world to escape the actual world, which is dominated by them.

In the 1990s a company called Sega launched VR gaming systems, including that of the SEGA VR-1 motion circular, that was designed to offer thrilling experiences for gamers in arcades. These inventions are thought to be as the beginning of the metaverse. However, the metaverse began to become a popular conversation among the general public primarily after Facebook announced its change of name to the Meta.

Evolution in the Metaverse

The metaverse’s evolution is constant. Let’s examine the evolving metaverse trends and see the ways technology has helped the development of the metaverse in making it more advanced and feature-rich, allowing it to be in line with the ever-changing needs of industry.

• Facebook changed the company’s name Meta and put millions of dollars into Reality Labs; a specific department that is focused on the development of massive Metaverse projects and content with it.
• Microsoft has announced its metaverse-based alternative, Microsoft Mesh, allowing users to explore the world of 3D space and further connect to a digital world with all the capabilities offered by Microsoft are integrated into the simplest of uses.
• Inspiring by the well-known game that is based on crypto, second life, a group consisting of developers Estaban Ordano, and Ari Meilich, launched the first decentralized metaverse built on the gaming sector. In addition the platform is planning to allow interoperability components in its platform.
• Over the past few years, blockchain is now poised to change the centralization concept of metaverse-related projects, dispersing the structure of the metaverse. Numerous innovative projects in the metaverse are still launching within the metaverse’s digital world including gaming, the e-commerce industry to real property.

Read More : https://www.leewayhertz.com/technologies-for-metaverse/

Engage users by bringing transparency into the performance of your network

Create an personal Blockchain statistics explorer for your network using White label statistics which is an EVM-compatible, ready-to deploy network explorer which displays the performance of your network in terms of security, speed, efficiency and activities of nodes.

Create the Web-based version of your Own Network Performance Monitor with Network Stats

Network Stats is a white-label that is low-time-to-market and the best choice for the launch of your own blockchain-based network statistics exploration. Network Stats Explorer drives transparency to the performance of your network by showing real-time data regarding node activity and performance metrics such as efficiency, security and speed. It uses an underlying blockchain crawler, which is connected to a discovery protocol to ask the nodes of your network, and collect and consolidate data, then present them on an interface for users of the node explorer.

The most important features that are part of Our White Label Network Stats

Statistics of Nodes

Gives real-time data such as no. number of nodes active, the geo-locations by country as well as the number. of nodes that were created within the last 7 days, etc.

Performance measures

Real-time updates on network performance including the total amount of blocks that have been created, average block time, uptime of the network, and so on.

Table of activities for Node

Provides live updates on hundreds of nodes in the network. It allows for pinning preferred nodes and allows the search for specific nodes using names.

Customizable

Flexible enough to incorporate other features essential for enhancing the transparency of a network and its credibility among its customers.

Device Agnostic

Responsive UX design offers a fantastic user experience across various devices, browsers, and OS such as laptops, desktops and mobile phones.

EVM compatible

Compatible with all types of blockchain protocols that use EVM, such as Layer 1 as well as layer 2 chain. It is able to be designed for blockchains that are not EVM-based.

READ MORE: https://www.leewayhertz.com/whitelabel-network-stats/

The entire story of Web3 Gaming,Web3 changed the way we play many sectors and has also revolutionized gaming. In a significant shift from traditional gaming platforms Web3-based games permit gamers to play games in new and innovative methods. Players can earn cash using NFTs and cryptocurrencies. This allows for a more open and inclusive approach to gaming, and puts the majority of the control in the hands of the player, rather than entrusting the power to a central player’s authority in a game.

In traditional gaming, content in games or digital assets can be purchased using fiat currency, or be used as rewards, game operators are still able to reserve copyrights to in-game content. In other words players do not have ownership of the digital assets in game. In the traditional game the players’ ownership is an authorization to interact with the elements of the game.

What exactly is Web3 gaming?

Web3 gaming is the process of gaming that is decentralized. The functions of a gaming environment or gaming platform, in particular that of the management of gaming assets, as well as the making decisions regarding every aspect of gaming are delegated to no central authority.

Web3 games are created by integrating blockchain technology into the gaming environment, which allows gamers to voice their opinions about when and how the game can change. Web3 gaming also sets the basis of pay-to-play for gamers, and also changes the pay-to-play component by providing the possibility of trading game tokens, and the chance to earn crypto when playing.

Web3 gaming is a fair and transparent virtual marketplaces in the game industry which allows players to have access to and full ownership of the digital assets in games. These assets are kept as gaming NFTs, and are distinct.

What are the main characteristics that are essential to Web3 gaming?

The Web Gaming model is value exchange gaming system that lets players purchase and sell in-game items and collectibles that are in the form of unique NFTs by using cryptocurrency. Web Gaming offers self-sovereignty and gaming decentralization, and is an open source. There are several fundamental aspects in Web3 gaming systems:

Interoperability and ownership

Web3 gaming is a self-sovereignty platform that allows players to own 100% of the game’s assets and collectibles in the form of digital NFTs. Traditional gaming lets players are able to own the game’s assets and collectibles but they forfeit all their possessions once they decide to change their gaming platform. Web3 gaming addresses this issue by offering the players with ownership of their assets and interoperability among different platforms. Players are able to own game properties on one platform, and then carry these assets over to the future gaming system.

Old game integration

Web3 gaming also has the aspect of integrating and updating older models of games into blockchain and metaverse platforms, making them decentralised in their nature. The process of gaming is individual and each player can play their own preferred game. Web3 lets you upgrade old and popular games by expanding the game to the metaverse where players can build their own avatars and exchange their preferred game items and collectibles.

Player-driven gaming

Web3 gaming can tailor the gaming environment based on the players’ preferences. There are many ways the way that Web3 gaming can benefit gamers. One of them is the play-to-earn feature which allows them to earn money through their game-related items Another is integration of old games that will take care of players’ desire to play their favourite games in the metaverse. Another advantage of playing with players is the fact that Web3 gaming is a self-sovereignty platform, which is also for the players’ good.

Negligible Downtime

Web3 gaming systems operate independently with minimal cost for maintenance and no interference by any authority. Block minting is a feature that Web3 gaming has and a high game data storage, Web3 gaming has negligible downtime and is extremely scalable.

Transparent gaming

Web3 games are a shared system that hosts games on the blockchain. This makes it impossible to hack. There is one factor of loss, gaming on blockchain is based on consensus voting to alter the game and is available to all players in the system. This is how Web3 gaming is able to guarantee an extremely high degree of transparency.

Read More: https://www.leewayhertz.com/what-is-web3-gaming/

We assist enterprises and startups to create user-friendly dApps that are powered by the speed and scalability that is Solana. Solana network. The Solana blockchain development solutions range in price from DeFi up to Web3 as well as NFT.

Our Solana Blockchain Development Services

Solana Blockchain Consulting

Our consulting services assist you in understanding the potential for Solana blockchain technology for you company through an analysis of both technical and strategic aspects. They assist in maximizing the speed and capacity that is the Solana blockchain across a wide range of different projects.

DApp Development

We assist you in launching robust and user-friendly dApps that run using Solana. Solana blockchain by conceiving and developing dApps that are related to payment, token swap, Peer2Peer lending, NFT marketplaces, Stable coins and many more.

NFT Marketplace Development

We assist you in creating and launch your own NFT Marketplace on the Solana Blockchain, optimizing your marketplace to support decentralized NFT minting sales, storefronts, storefronts and other features for marketplaces.

SPL Token Development

We can help you tokenize your assets by generating brand new Solana Program Library (SPL) tokens to be used for these assets. They can be exchanged with DEX and are useful for investing and also powers Solana’s DApps. We can also modify existing tokens.

Exchange Integration

Utilizing Serum, the exclusive Solana-based protocol we connect Solana with Exchanges. Solana integration allows cross-chain swaps and delivers the best orders to apps’ users , and helps avoid disputes regarding transactions.

Wallet Development

We offer mobile and web wallet development for all Solana projects, ensuring that wallets are simple to operate, safe and compliant with regulation through payments integration software.

Node Development and Maintenance

Our maintenance and development of nodes assists you in connecting to Solana’s mainnet. Solana mainnet, which enhances the security of the network, and aids you in earning SOL.

Smart Contract Development and Audit

We offer Solana Smart Contract Development and Auditing solutions that allow you to run your contracts for business in a secure and automated method.

Defi Development

To make the most of the power of Defi and to connect the world’s lenders and borrowers we have built a variety of Defi platforms, such as P2P platform for lending that is decentralized and Crypto loan platforms based on Solana. Solana blockchain.

Read More: https://www.leewayhertz.com/solana-blockchain-development-company/