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Insights about the app design and development ecosystem.

Business Blockchain

The approach for adding USDC to the Stellar network

When talking about issuing a digital asset on a blockchain, each network comes with its own features and can be considered unique in a way. These aspects must be taken into account when architecting the representation of an asset in any new network, which can quickly become a challenge when issuing the same asset in multiple different networks.

Recently I came across this article by Mike Grant, explaining how Circle implemented USDC on the Stellar network and how they made use of the network’s native functionalities to ensure their requirements were met. Here, I would like to dive deeper into this use case as the approach taken might seem unintuitive at first glance and still, turn out to be a clever solution.

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Business

How blockchain can reshape the global economy with CBDC

The rise of cryptocurrencies over the last few years has been exciting, to say the least. Not only have several innovative digital currencies been developed, but innovative currency solutions as well. And in this post, we’re looking at one of these innovations: CBDC.

We’ll cover what CBDC is, how it compares to other currencies, and how this quickly maturing tech can be applied in the real world. 

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Business

How to issue a digital token to solve your business needs

If you’ve ever considered issuing a crypto token to help reach your business goals, you may have found yourself navigating the complex world of tokenomics. Learning your way around the digital token space is no easy task. But that’s why we’re here to help!
At Cheesecake Labs, we have a proven process to help clients launch digital tokens, and in this post, we’re going to guide you through the world of tokenomics and tell you everything you need to know.

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Business

What is Stellar and how does it work?

At Cheesecake Labs we’ve recently become an integration partner with Stellar and have been excitedly diving into Stellar development. We’ve had to learn all about the technology from Stellar’s engineering and business teams in order to help our clients leverage Stellar’s blockchain. So we’ve put together a little crash course on Stellar, how it works, and some of the features of the technology. 

Stellar is a cryptocurrency-adjacent technology. Similar to cryptocurrencies like Bitcoin, it’s a system for sending and processing currencies digitally. 

Unlike Bitcoin, however, the value of Stellar is not in its bespoke currency. Stellar is not trying to get users to invest in “the coin of the future.” Instead, it’s a tool for facilitating transactions in any fiat currency digitally. Kind of like PayPal, but simpler, faster, and more affordable. 

To be clear, Stellar does have its own cryptocurrency: Lumens. However, this is only used to initialize accounts and make transactions. 

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Business

Why are custodial solutions important for Crypto-related businesses?

Over the last few years, it’s become clear that cryptocurrency and blockchain technology represents one of the best opportunities, both for the market at large and specifically for financial institutions. But with this opportunity comes a substantial amount of risk. It’s an innovative technology in the financial sector, which has made it a target for fraud. Additionally, a lack of knowledge on the part of individuals has led to people using it or avoiding it without fully understanding how it works. This post will cover the differences between custodial solutions and non-custodial crypto wallet solutions and how each can help institutions provide security to their customers. 

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Design Business

IoT innovation: what’s behind the rise of IoT & how CKL approaches IoT development

IoT innovation has been steadily emerging for the last decade. But in the coming years, it’s poised to take over big time. Where smart speakers were once in 6.6% of US households in 2016 and 32% in late 2018, that number is expected to rise to 75% of homes by 2025 — and that’s just one example of this rapidly growing sector.

With the network of devices expanding and becoming more commonplace in daily settings, the interconnected “world of the future” is shaping up around us. And it’s this rapid IoT transformation that’s paving the way for new innovations and possibilities — as well as fresh competitive advantage for brands who jump on board.

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Business

Cryptocurrency wallet development: the 6 most important aspects

In 2017, cryptocurrencies exploded into the mainstream. Around the world, millions of people began investing in digital coins all at once. This leap in popularity for an emerging tech was made possible by immense hype and by underlying technologies. The cryptocurrency wallet, which began development in 2012, was one of the primary technologies that allowed this vast expansion.

Today, cryptocurrency wallets come in all shapes and sizes. Businesses and startups are looking for ways to invest and capitalize on this new currency movement. 

With that in mind, let’s talk about how you can enter the cryptocurrency market with your own wallet. 

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