Introduction
Exchange Coin (EXCC) aims to build a decentralized Cryptocurrency exchange (DEX) dedicated to semi-professional Cryptocurrency traders that allows seamless and secure multi-blockchain transactions. To achieve that, we had to create a new Blockchain, that was based on Proof of Work mixed with Proof of Stake algorithms.
Business challenge
EXCC founders, after the successful ICO, struggled with finding a reliable technological partner who could take care of advanced Blockchain technology development. Pragmatic Coders provided a dedicated cross-functional Product Team (including Blockchain Developers as well as Backend and Frontend Developers, a Product Owner, and a Scrum Master) that worked towards the goal set by the founders.
Creating a secure, fast, reliable blockchain suitable for building a decentralized Cryptocurrency exchange is challenging. But doing it under time pressure, with a roadmap that from day one is behind schedule, requires exceptional management skills, expertise, and extraordinary team effort.
Business solution
We've quickly built a partner relationship with the client. Thanks to that, we were able to take full product ownership and responsibility for the product development success. That way, we were able to move fast, solve most of the problems locally and, as a result, deliver the reliable solution on time.
The team took complete ownership of the technical aspects of the product, from backlog formulation to software delivery and technology selection. The core of the product is an innovative, built-from-the-ground new Blockchain – EXCC – with Proof of Work and Proof of Stake consensus algorithm and the entire infrastructure required for it to operate.
We created a new Blockchain and the entire infrastructure around it, including:
- Wallets
- Mining Software
- Mining and Staking Pools
- Blockchain explorers.
Check our article on creating cryptocurrency exchange from scratch vs using the white-label solution.
