KryptoNest

Have you heard the news about the new business solution launched by Coinbase? “ Wallet as a Service ” (WaaS) is a service for enterprises that are willing to provide Web3 wallets to their customers. This service gives companies the technological infrastructure to develop and launch custom on-chain wallets. Particularly, WaaS provides a wallet API that enables businesses to create Web3 wallets for uncomplex operations like customer onboarding, in-game asset purchasing, or conducting loyalty programs.  According to the exchange, the Web3 wallet had a barrier that restricted its wider mainstream adoption. The main factors that affected the adoption were poor UX, the complexity of the wallet, and the issues linked with maintaining mnemonic seeds (similar to private keys).  This blog will help you cover some crucial information you need to know about WaaS. Let us dive in! WPC: The Vital Part In WaaS Most companies today force users via complex onboarding processes, usually recommen...

  8 Steps To Shapeshift From A Crypto Trader To An Exchange Owner Are you a cryptocurrency trader? Crypto trading is an investment shortcut for earning a huge sum of money over a short term. The industry is also expanding now. So, this is the fittest time to convert your crypto journey from a trader to an exchange owner. Creating your own crypto exchange platform with the help of a crypto exchange development company will unlock numerous opportunities to earn. You can be the boss, choosing the preferred time you need to work.  However, starting an exchange platform is particularly challenging because the cryptocurrency market is highly competitive. This is why most new players usually struggle to survive the market pressure. Also, you need to be aware of financial and regulatory risks by considering the factors given below.  Explore the exchange types Choosing the type of exchange is the foremost thing one has to do while building a crypto exchange platform. The types...

  Do you have your own developed cryptocurrencies handy, waiting for listing?– If the answer is yes, then this blog will guide you on how to list a coin in a crypto exchange platform. Firstly, if you are looking for an easy-peasy way to do it, you might need the assistance of a reputed cryptocurrency exchange development service provider.  Let us say how you can list tokens and cryptocurrencies in a cryptocurrency exchange platform.  Token Listing On A Exchange  Token listing is the procedure of making your digital token available for trading in an exchange platform, decentralized or centralized. Typically, it requires the issuer to undergo a strict process and fulfill all the requirements set by the exchange. As every exchange has its own conditions, you must understand those details beforehand.   How to do it? The first step is to fill out an application form, submit relevant documents, and pay the listing fees. Then, the exchange will review your appl...

How To Determine The Crypto Wallet Development Cost On your Own Every financial institution has been pushed to a point where they get an idea of incorporating blockchain technology into their business. So, the adoption rate has now increased in a vertical direction.  Concurrently, the investments in distributed ledger technology rocketed beyond our expectations. From SMEs to Fortune 500 companies, blockchain is gradually turning into their playing ground. Alongside this, the demand for blockchain wallet development services has gone wild these days. If not, then the Global Digital Crypto Wallets market size wouldn’t have reached 252 million dollars in 2021.  As a result, Fintech businesses have started adopting crypto wallets as a part of their business model as well as revenue. Now, you may wonder how much it will cost to integrate a crypto wallet into your business. Let us discuss it briefly in this blog.  Average Crypto Wallet Development Cost The crypto wallet develo...

Among the different cryptocurrency trading strategies, staking is one of the popular choices of crypto traders. Users can take part in the DeFi ecosystem and access potentially higher returns. However, there will be some risks too. Compared to mining, staking offers relevantly secure rewards. Also, DeFi and staking were unable to work concurrently, sowing the first seed for the introduction of liquid staking. Liquid staking allows users to make both DeFi and Staking work together. Despite this, there are several factors that impact the mainstream adoption of staking. This blog will explain those factors along with information on how liquid staking bolsters PoS blockchains.  Factors Affecting The Mainstream Adoption Of Staking The world’s first crypto employed the PoW consensus mechanism, which was criticized as a high-power consuming model. This paved the way for Proof-Of-Stake (PoS) systems, a budget-friendly and nature-friendly remedy.  Learning Curve Staking requires a bas...

Do you want to know about the basic frequently asked questions about cryptocurrency wallets?– What are they, why is it important, and many more questions are answered in this blog. What is a Crypto Wallet? A crypto wallet may be a computer program, physical device, or online storage that allows users to store, send, and receive digital currencies. It is similar to a traditional bank account with the only difference being that the currencies will be digital. Furthermore, the currencies are not actually stored there; only the copies of transactions are stored. How does a Crypto Wallet work? A crypto wallet is a digital wallet that holds crypto and other digital assets securely. The only way to access this wallet is to use the private key, a unique identifier. Why do I need a Crypto Wallet? You need a crypto wallet to make secure transactions and store your cryptocurrencies. What types of Crypto Wallets are available? There are different types of crypto wallets available in the market, ...