The World's Leading Social Trading and Investing Platform

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Project description

eToro is a pioneering trading company that puts an emphasis on cryptocurrency. It supplies users with an easy to use trading platform for investing in cryptocurrencies and a mobile wallet for trading and sending funds (but not for receiving them). Fundamentally it is a digital global social trading platform and multi-asset brokerage company a for currencies, decentralized cryptocurrencies, commodities, indexes and stocks exchange for ERC-20 tokens made on the base of EtherDelta & Token Widget exchange with enhanced functionality for better use.

Client

eToro

Industries

Fintech & Blockchain

Date

2018

Client goal

As EtherDelta used to be the top exchange for the ICO-fresh ERC-20 tokens, but was widely criticized by the blockchain community for the high level of system malfunctions, bad performance and usability, the aim of eToro as the project was to create a new decentralized ERC-20 tokens exchange retaining EtherDelta`s best features and adding the new enhanced functionality and but will be free from such disadvantages as high rates, unavailability of mass transactions in smart contracts and low performance due to the unstable API.

Business challenge

The client wanted to create exchange more advanced than EtherDelta but without disadvantages that have made it widely criticized by the blockchain community. The enhanced eToro exchange needed to have better performance and stable API, being able to complete mass transactions in smart contracts and have advanced level of data security.

Business solution

The initial goal was achieved by forking EtherDelta’s smart contract and working further on improving its functionality and terms of use. Fundamentally, our specialists created a copy of source code from the EtherDelta`s software package and start independent development on it, creating a distinct and separate software system that was called ETORO.

Technologies

Etherium

Solidity

ReactJS

Redux

Google Map

Lodash

MongoDB

NodeJS

Express

UnitTest

Value delivered

The new system. eToro, was created as the an improved, open source version of the EtherDelta exchange with the improved features like:

Lower transaction price

Possibility to complete mass transactions

Enhanced level of data protection and operation security

Better performance and stable API

Related accomplishments

The eToro exchange has been successfully lunched and processes over 10 000 transactions a day. It gathered positive feedback from the blockchain community for the following features: Low fees, High transaction speed, Smooth operation. Nowadays, eToro is a digital global trading platform for currencies, cryptocurrencies, commodities, indexes, and stocks. It currently has over 7 million users worldwide.