EXCC: Creating a new blockchain that is based on Proof of Work and Proof of Stake algorithms & preparation for DEX

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 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, and reliable blockchain suitable for building a decentralized cryptocurrency exchange is challenging. However, accomplishing this under time pressure, with a roadmap that is behind schedule from day one, requires exceptional management skills, expertise, and an extraordinary team effort. Thanks to our dedication and years of experience in fintech software development, we were more than up to the task.

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 a 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.