Posts

Showing posts with the label Decentralized

Centralized, Decentralized And P2P Cryptocurrency Exchanges- OG Software Solutions

Image
Cryptocurrency Exchanges has been modifying its architecture from the day of its birth. In the very initial days, Cryptocurrency Exchanges are designed to function in the centralized network as days go, this business gains popularity and stands straight as a promising business model. Later then, technology demands Crypto Exchanges to incorporate multiple dimensions. The core design of crypto exchanges is to act as the platform where one can buy or sell virtual currencies. Based on the working methodologies, functionalities, integrated features, service they are broadly classified as ·         Centralized Exchange ·         Decentralized Exchange ·         P2P Exchange What are Centralized Exchanges? Centralized Exchanges are the earliest version of exchanges. It is the kind of ecosystem built with trust as the backend. Here, the admin of the Exchange has direct control o...

Blockchain Powered Smart Contract in MLM Business-OG Software Solutions

Image
Network marketing, also known as multi-level marketing, is a business model that involves a pyramid structured network of people who sell a company’s products. The users in this network are usually rewarded on a commission basis. That is, members in this MLM platform get a commission every time they perform the specified task, like – Make the sale of a product. Their members make a sale of the product. In simple words, this MLM business model involves a pyramid format of non-salaried participants who get paid whenever they or a person below them in the pyramid makes a sale. Blockchain-Powered Smart Contract in MLM Business? The blockchain is a platform-like technology that covers of a decentralized ledger that records, verifies, and tracks cryptocurrency transactions and smart contracts between parties. Blockchain-based or decentralized MLM business, in turn, are peer-to-peer networks that directly connect members without any intermediaries. Since a...