The modern crypto space is filled with multiple business opportunities and among all wallet and exchange plays a major if you are looking to start a business in the crypto space then you may opt out for wallet or exchange. But before going into a business you must go through how your crypto product or solutions is developed and this helps you understand your business. Here in this blog let’s go through a step by step process on how to create a crypto wallet

How to Setup a Crypto Wallet?

At Dappfort, we go through a series of crypto wallet development processes and here we have come up with the basic technicals and outline of how our team plans for development and launch of a crypto wallet. Let’s start it from the project scope analysis to deployment on the client’s server.

• Project Analysis
• Choose Tech Stack
• UI/UX Interface
• Backend Development
• Programming of Smart Contract
• Coin Installation
• API Integration
• Setup Dapps
• Frontend Backend Integration
• Additional Security Features
• Testing and Deployment

Step1: Project Analysis

Our team gets the project scope from the client and analyses the whole project module, also the vision and mission of the client. Once after the complete analysis of the project outcome our development team then plans out the development process step by step to bring the idea to reality.

Step 2: Choose Tech Stack

After analyzing the project we work on analyzing the perfect tech stack that suits the project to present the best performance without any interruptions and provides a seamless, hassle-free experience to the users. The tech stack is preferred with the client’s concern and based on to produce a better outcome of the project to the users.

Step 3: UI/UX Interface

After coming up with the tech stack our design team comes up with their creativity to start their work with UI. After the draft of the design our team sends it to the client for approval and only on the approval from the client side for the design our team moves on to the next project, else we work on redesign with the clients corrections and then move on to the next development phase.

Step 4: Backend Development

Our backend development team starts their work simultaneously with the development process finalizing the functionalities and features. Our coders work on the planned tech stack and build up the whole source code for the wallet on which the complete wallet will be operating which includes every feature, functionality and transactions.

Step 5: Programming of Smart Contract

Our blockchain developers start their work with the development of smart contracts. These smart contracts approve every process that takes place in the decentralized world instead of a third person or a centralized system, the smart contracts play the role of approving every process and transaction done through the wallet. Smart contracts are pre-programmed protocols of blockchain networks which approve every process once the conditions are met.

Step 6: Coin Installation

On the other hand, blockchain developers work on setting up the blockchain network that the wallet is built for. If the wallet is based on a single blockchain network without any bridging concept the developers finish the job at ease with setting up a single blockchain network and its tokens. Going with the multi-crypto support blockchain developers will be working on to set up possible networks with bridging concepts.

Step 7: API Integration

After the development of all the core functionalities and features the developers will move on with the API integration setup. Our developers will be making necessary works to integrate certain API with the wallet to make certain features help users and attract more audience, and all these API are integrated as per the scope of the project.

Step 8: Setup Dapps

Most of the crypto wallets are launched with the access to the Dapps and we also work on the possibilities to add Dapps to the wallet if the client requires and this helps the users to connect with various decentralized applications that helps them to participate in various activities in the decentralised world from a single place. 

Step 9: Frontend Backend Integration

Once all the development process is done our team moves with the integration of the frontend and backend to present the complete working model of the product to the client and for the deployment. Also, along with the database is integrated to the wallet where all the user information and other information are stored.

Step 10: Additional Security Features

Apart from the basic security features, Dappfort offers various security features to the crypto wallet which keeps the wallet and users information away from any kind of invasive hack attacks and thefts. With the discussion with the client we come up with all the possible additional features that can be added to the wallet and on approval from the client we go with the setup of these security features.

Step 11: Testing and Deployment

Once all the development process is complete we move on the product to the testing team where the product undergoes multiple sequences of testing to identify the bugs and vulnerabilities of the product. Again the development team rectifies the bugs and solves them, once the product is passed out the testing phase we take the product deployment on to the clients server.

End Note

At Dappfort, we develop most of the crypto wallet projects based on the above outline. There are multiple steps on each development phase but on a whole the development of crypto wallet moves on with this outline sequence. The crypto wallet needs a high secured layer and secured code base without any loop holes which can only be done with the well-experienced blockchain developers and that is where blockchain developers of Dappfort put their best to present the best solution to the clients and their users.

The above mentioned is for the development of crypto wallet from scratch and the process change with the white label crypto wallet and clone. If you have an idea to start a crypto business just get connected with our experts and we will guide you through the best solution that suits your business goals.