Scalability has always been a big question in the blockchain world, especially for public blockchains like Ethereum. While Ethereum does run much faster than other proof-of-work blockchains such as Bitcoin (BTC), Litecoin etc. its complete transactions per second (TPS) remains very slow at around 7-15. The longer time to complete the transaction & paying for each basic function is very expensive and make the user experience poor. So, in order to be ready for enterprise-class applications, the Ethereum network needs to enhance its transaction processing speed on an extra-large scale and this can be accomplished by Ethereum layer 2 scaling solutions.
Generally, when it comes to scaling Ethereum or blockchains, there are 2 major ways available to deal with the scalability issue - scaling the base layer itself (Layer 1) or scaling the network by offloading some of the work to the different layer – Layer 2.
A detailed evaluation of these solution options indicates a high probability of success if the right combination of options is selected.
Multiple projects provide implementations of layer 2 solutions that you can integrate into your dapps:
Polygon
(MATIC Network)
OMG Network
Optimism
Loopring
XDia
We develop secure and privacy-preserving Decentralized App using polygon technology to improve scalability.
We develop superior NFT Marketplace on Ethereum using polygon technology to improve scalability & cost-efficiency.
We develop a decentralized cryptocurrency exchange application using Polygon blockchain.
We develop innovative and scalable DeFi solutions to advance your financial system operations.
Financial transactions
. Macro & micropayments
. Multi-currency eWallets
. Cryptocurrency fundraising
. Global transactions
. Clearance & settlement systems
Trading solutions
. Portfolio tracking system
. Digital asset trading
. Automated & semi-automated trading
. Trading platforms & crowdfunding
Security assessment
. KYC and fraud prevention tools
. Digital signatures and incorruptible IDs
. Transaction validation and approval
eLearning program management
. Decentralized MOOC platforms
. Open-source knowledge libraries and networks
. Verification of elearning program credibility
. Anti-plagiarism and copyright protection
. P2P eLearning Platform
Student management
. Student record management
. Management of student’s IDs & academic credentials
. Attendance validation
. Learning progress tracking
Knowledge assessment and certification
. Digital certificate issue and delivery verification
. Smart Certificates
. Acquired knowledge validation
. Digital badges & skill portfolios
. Authenticating & Securing Certification
Payments
. Cryptocurrency transactions
. Digital wallets
. Payment processing
. Crowdsales and auctions
. Automated invoice reconciliation
Marketplaces
. Token-based transaction
. P2P marketplaces
. Direct sales
Supply chain management
. Shipment tracking
. Provenance tracking
. Inventory management
. Product traceability
. Goods authenticity checks
B2C transactions
. Customer data protection
. Direct B2C interactions
. Loyalty schemes
PHI management
. Health record management
. PHI storage & sharing
. Patient consent recording
. Protected access to clinical test
Healthcare payments
. Claim management
. Medical Billing Solution
. Clinical trial and research results management
Care delivery workflows
. Blockchain-based IoMT
. Drug traceability
. Improved healthcare interoperability
. Drive patient engagement
Real Estate
. Token Issuance
. Investment Management
. KYC & Compliance
Other Solutions
. Shipping and Logistics Industry Blockchain Applications
. Solar Community Blockchain Applications
. Blockchain-based Smart Certificates
. Blockchain-based Accounts and Audit Processes
. All types of Blockchain-based Innovative Platform Development
As one of the top IT outsourcing companies, we offer a 360° software development services to help transform our client's vision into actionable software solutions that accelerated their businesses growth.
We have clients globally including USA, Canada, UK, Sweden, Portugal, Kenya, Zambia, South Africa, Israel, South Korea, Australia and retained 90% of them.
As the number of individuals using Ethereum has grown up, the blockchain has reached certain capacity restrictions. This has driven up the cost of using the network, creating the need for "scaling solutions." There are many scaling solutions available currently in the blockchain ecosystem. Several approaches, on Layer 1 (On-chain) and Layer 2 (Off-Chain) are being experimented with, to accomplish the end goal of faster & inexpensive transactions at scale.
For developing any blockchain application, our team of blockchain developers follows a suitable strategy & implements the plan for effectual outcomes. We transform your ideas into practical applications that are reliable & scalable. Following the development process we follow:
1. Blockchain consulting
2. User experience & technical design creation
3. Enterprise blockchain application development
4. Deployment
5. Migration and upgrades
6. Maintenance
TYes, you can choose the Blockchain development team as per your preferences & your business requirements. We will provide you with the resumes of the potential team members for your blockchain project. Then, you can select that candidate if he/she satisfies your needs.
No! We discuss all your project requirements and quote you the price in the first place. After that, we follow to that given quotation and there are no hidden charges for our clients.