Software Vendors: An Important Constituent of the CINDX Ecosystem
Tags: Cryptocurrency, Blockchain, Cindx, Bitcoin

Who are the Software Vendors on the CINDX Platform?

Software Vendors are creators and sellers of cryptocurrency software that help platforms like CINDX operate in a self-sustaining, automated, transparent, and error-free manner. Since most of the crypto software Vendors need to deal with blockchain technology, they must conform to some of the most basic concepts of cryptocurrency exchange and trade. Therefore, they need to follow some basic rules.

Vendors are the “solution suppliers” for trading. They create and distribute various software products, including analytical and trading bots, tools for social network analytics, and software for technical analysis. The Vendor’s Hub acts as the platform where Vendors place a software product in the CINDX ecosystem. Each Vendor simply needs to register and upload their products.

Thereafter, the CINDX software specialists perform code auditing and integrate the solutions into the system (provided they are high-quality and relevant to the CINDX project.) These products then become available for purchase by Traders and Managers in the CINDX digital marketplace. Vendors earn profits when their products are purchased.

Some Examples

The list of software Vendors is ever-growing. Let’s check out some of the most popular options adding the most value to cryptocurrency platforms.

Chain

Chain is a cryptocurrency software solution which has found a place with leaders in financial services, such as Nasdaq and First Data. It is dedicated to building the next-generation infrastructure for the financial services industry, and is creating a software platform that enables the production and transfer of digital assets in both fiat and crypto currencies across organizational lines.

Chain is also a software Vendor that remains at the top of financial services platforms in the cryptocurrency markets. The product it offers uses blockchain technology and is made of critical cryptographic protocols. Chain is an expert in building solutions that deal with distributed database techniques.

Gem

Gem is invaluable for developers who are not experts in security or the underlying protocols of cryptography. It allows them to rapidly build apps and solutions using Bitcoin and other cryptocurrencies. The company offers bank-grade security on cryptocurrency for a developer’s apps without having any stake or possession of the funds. Gem is renowned for reinventing the banking platform from the ground up, especially in the cryptocurrency field.

Blockstream

Blockstream has a vision of an honest ecosystem of financial networks build on sidechains, a kind of blockchain technology that extends the capabilities of the invincible Bitcoin network.

Sidechains are used to create opportunities for new models of trust and improve the properties of Bitcoin. Sidechains allow for the movement of digital assets from one blockchain to another and can be used to link disparate, unique crypto markets together for the expansion of liquidity via a shared protocol.

Consensus Systems (ConsenSys)

Predominantly Ethereum-oriented, ConsenSys is a blockchain software firm that builds decentralized applications. It is currently involved in building foundational tools for the newer and more modern business models in the cryptocurrency space. These tools are individually funded and marketed with the aim of building a more convenient ecosystem of cryptocurrency exchange and trading.

The Importance of Software Vendors

Blockchain technology is a shared protocol which acts in a pluralistic and utilitarian manner. In that sense, blockchain maintains and manages almost all cryptocurrency-related transactions, apart from maintaining the immutability of the records.

Software Vendors play an important role in making blockchain technology more robust and relevant, by constantly upgrading the quality standards of their products. Without Vendors, the entire cryptocurrency industry would eventually break down.

Vendors ensure that blockchain remains the most modern technology in the financial services and products niche by adding ultra-responsive upgrades to address the complex and ever-growing needs of the crypto industry. In that sense, software vendors are the force which keeps the blockchain community active and safe from all probable malfunctions.

By designing an in-platform marketplace for trading and analytical software, CINDX is cultivating a competitive environment for Vendors to create the best possible trading tools. Competition among Vendors is the essential fuel that runs the CINDX project.

CINDX is built to provide the most profitable outcome for its users, and as such, software Vendors are an invaluable part of the entire CINDX story.

The real success of affairs on the CINDX project is factually dependent on the involvement of software developers as Vendors.

About CINDX

CCINDX is an investment platform that allows individuals to combine several crypto exchange accounts into one trading terminal, and gives them the option to connect to the best managers without having to transfer their funds. Moreover, implementation of blockchain-based transactions will allow the trading history to be saved, and a rating system will be used to differentiate the successful managers from the less successful ones.

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