that works on a peer to peer basis using the block chain technology.This implies that it is decentralised and has no central authority controlling it.Like currency notes, it can be sent from one person to another person,but without a central bank or the government attempting to track it.The system depends on the cryptography to control the creation of currency.
The developed management system
should enhance the profitability margins , productivity of users and to ease the trading activity compared to the existing web portal systems.The added advantage of the project is that we are considering the problem on bringing in machine learning classification to predict the market rates based on real-time attributes.
The project should be developed within
the specific time brackets. Moreover the developed project must be having an easy UI,so that employees/user without trading backgrounds can operate the developed system.Greater security emphasis must be given on the high-risk components like BTC wallets, keystone , Market Analysis and payments Gateway.Since the system os developed for the financial sector , greater emphasis should be given for security as well as privacy.
During the developmental phase,greater
emphasis should be given on the security of wallets for the storage of cryptocurrency . These wallets must be encrypted using key store file or any public key cryptographic technique.We should also try to reduce the complexity associated with trading process and it’s regeneration. We should also be able to see the market graph ignored to get better analytics.
To sum up, The developed product
should reduce time taken for trading ,better analytics for purchases , greater security for the cryptocurrencies wallet and at the same time improve usability of software for end users.