Cryptocurrency Development

Cryptocurrency Development Firm

We are a leading Cryptocurrency development firm in the industry and use innovative and latest technologies to help our clients to stay ahead in the race of digital assets. Cryptocurrency, being one of the most trendy one, requires proper mining techniques as it costs a lot of power consumption for its generation. BlockchainRabbit uses the following mining techniques which are cost-saving and saves power to develop crypto coins.

SHA-256 Algorithm:

Secure Hash Algorithm (SHA-256) is a cryptographic hash function built by the US National Security Agency that is part of the wider Secure Hash Algorithm 2 collection of cryptographic hash functions (NSA). It produces a unique (32-byte) 256-bit signature for a text string. It is the hash function algorithm used in Bitcoin and is created utilizing the Merkle-Damgard Structure. SHA-256 hashing method block processing normally takes 6 – 10 minutes. ASIC hardware is suitable for and optimized for SHA-256 mining.

Scrypt:

Scrypt is a password-based key derivation mechanism that was first developed for the Tarsnap online backup service. The technique is primarily designed to make large-scale bespoke hardware assaults prohibitively expensive by demanding massive quantities of memory. Scrypt is a quicker and simpler algorithm than SHA-256. The Scrypt algorithm has been simplified and is now used in numerous cryptocurrencies.

Ethash Algorithm

Cryptocurrencies based on Ethereum employ the Dagger Hashimoto-Ethash Algorithm as its proof-of-work mining algorithm. Included in this are both the Ethereum blockchain and all of its ERC-20 coins. It uses the Keccak hash function and was first created to be both trivially verifiable and ASIC-resistant through memory hardness. The Dagger and Hashimoto hashes are combined using optimized versions to save computational cost. The Ethash DAG for light clients is an evolution of the original Ethash algorithm.

Cryptocurrency Creation Platform

Cryptocurrency has become a futuristic approach to digital currency and has been widely used as a payment gateway in most of the industries like banks, hospitals etc. These currencies use the latest security patterns like cryptography, which is hard to break easily. The significance of these cryptocurrency is that users have a definite record of the transactions they have made. Moreover, once a transaction has been recorded, it can not be altered. Consequently, this helps in user’s data prevention from cyber loss. With our vast experience in cryptocurrency development, we use the following Cryptocurrency creation platforms through which you can make your transactions and trade.