When thinking about launching a mobile app, it's important to understand how to reduce software development costs.

Imagine: you want to create a mobile app but your development budget is limited 

How to Reduce App Development Cost

In this article, we want to share with you our experience of using and adapting the architecture of the Viper by describing our own example of development. And today we're going to discuss the basics&hellip; &nbsp;
Many developers face an issue when code becomes hard to read, debug and fix bugs. Classes become huge together with adding features and development turns to infinite &ldquo;bugfixing&rdquo;. That&rsquo;s why it&rsquo;s important to choose proper software architecture before developing an application, otherwise, it will consume much time to maintain and improve. As a result, it will help to save time and efforts, so proper architecture is the first step to success!
<h2 style="text-align: justify;">Perfect architecture</h2>
Quality architecture should meet the following requirements:
<ol dir="ltr">
<li style="text-align: justify;">The effectiveness of performing the assigned tasks. If designed architecture performs the tasks poorly and doesn't fit into the requirements of functionality, stability, performance, and development time, it can hardly be called a good one.</li>
<li style="text-align: justify;">Well readable and understandable code. First and foremost, a code should be clear and properly structured.</li>
<li style="text-align: justify;">The scalability and flexibility of the system. A good architecture allows you to painlessly add new entities and functions, as well as make changes to existing functionality.</li>
</ol>
However, there is no reason to reinvent the wheel and spend a lot of time developing a completely unique architectural pattern. It's much easier to use the existing one.
There&rsquo;re several most famous architectures named MVC, MVP, MVVM, VIPER. Let&rsquo;s probe deep into each of them.
<h2 dir="ltr" style="text-align: justify;">MVC (Model View Controller)</h2>
MVC is the most simple architecture Apple recommends.
<img style="border: none; width: 512px; height: 208px;" src="https://d12zh9bqbty5wp.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1676631376053.png" alt="^56BDEBB44AF88BAB8B39A1A9F8FC649A23FC487FB5D45024D5^pimgpsh_fullsize_distr.png" />
The basic idea of MVC architecture is to split up all the elements (fragments) of the code into three separate units: the Model (domain data or a data access layer), the View (user interface) and the Controller (interface between Model and View). MVC allows each block to be controlled independently of the two others, and it greatly simplifies and systematizes the development process.
MVC implies that the Model manipulates data and provides it to the Controller that renders the View. And the View remains stateless just displaying data of the Model to a user.
However, the described model may not work perfectly in all conditions. And in reality, the View and the Controller often become a single unit looking like this:
<img style="border: none; width: 512px; height: 61px;" src="https://d12zh9bqbty5wp.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1676631386327.png" alt="2.png" />
So, ViewController transforms into the Massive View Controller forced to handle almost all the processes itself. And the main task for developers, in this case, is to offload it.
<div>
<h2 dir="ltr" style="text-align: justify;">MVP (Model View Presenter)</h2>
It turned out that in some cases MVC architecture is not working as effectively as one expects (for the reasons described above). So there was MVP pattern designed, having become a bit improved version of MVC. 
The difference between MVC and MVP is the Presenter acting as the mediator between the View (actually ViewController) and the Model. The Presenter significantly unloads the ViewController by moving business logic to the Presenter, so the ViewController is only responsible for the layout and its lifecycle.
<img style="border: none; width: 512px; height: 199px;" src="https://d12zh9bqbty5wp.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1676631396862.png" alt="" />
This architecture makes it easier to mock the View, the Presenter and the Model that leads to better testability of the code which is an obvious advantage of MVP.
<h2 dir="ltr" style="text-align: justify;">MVVM (Model View ViewModel) </h2>
Another popular pattern is MVVM (Model View ViewModel). It looks similar to MVP architecture, but instead Presenter it has ViewModel between the View (view controller) and the Model (data).
<img style="border: none; width: 512px; height: 43px;" src="https://d12zh9bqbty5wp.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1676631408723.png" alt="3r.png" />
The important difference of this model from the MVP is that ViewModel doesn&rsquo;t refer to View, it works directly with model updating it with user interactions from View and receives updates from Model updating only itself (not View). View can receive updates using observer if needed. So ViewModel prepares the data for View that unloads controller.
<div>
<h2 dir="ltr" style="text-align: justify;">VIPER</h2>
The last architecture we will talk about is VIPER. It&rsquo;s a very effective architecture pattern, in fact, the first one that cares about navigation (routing) between modules.
It consists of 5 parts: View, Presenter, Interactor, Entity, Router.
<ul dir="ltr">
<li style="text-align: justify;">The view is the ViewController. The View&rsquo;s waiting for the Presenter to transmit the content and display it to a user; it never requests the data from the Presenter.</li>
<li style="text-align: justify;">Presenter prepares data for the View. It gathers data from user interactions and can send requests to the Interactor. The Presenter also gets results from the Interactor and convert the results to a state being most effective to display on the View.</li>
<li style="text-align: justify;">Interactor (a new unit) contains the business logic and networking for managing objects (Entity) to perform a specific task.</li>
<li style="text-align: justify;">Entity is the objects managed by the Interactor. So it&rsquo;s actually a model.</li>
<li style="text-align: justify;">Router (another new unit) is responsible for segues between modules.</li>
<li style="text-align: justify;">Data Store (e.g., web service, database) provides the Entity to the Interactor. Applying its business logic, Interactor selects the Entity from the data store, manages it and then returns it in an updated form back to the datastore.</li>
</ul>
<img style="border: none; width: 512px; height: 196px;" src="https://d12zh9bqbty5wp.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1676631418693.png" alt="4.png" />
VIPER module is a user story that can be represented either as one screen or as a whole story. The good example is a registration flow consisting of several screens such as SignUp, Confirmation, etc.
Each module being an independent part requires an additional unit able to manage the entire process. This role is played by the Configurator which task is not only to create a module but also provide it with all necessary Services and information.
<h2 dir="ltr" style="text-align: justify;">Improving and Simplifying VIPER at the same time</h2>
VIPER architecture was reliable and usable from the outset, but <a href="https://github.com/strongself/The-Book-of-VIPER" target="_blank" rel="nofollow noopener">Rambler Digital Solutions</a> has improved and simplified it even more. Let&rsquo;s take a look at the main changes:
<ol dir="ltr">
<li style="text-align: justify;">Assembly functions which Wireframe was responsible for are moved to Configurator now. So, after this modification, Wireframe is in charge of Routing and nothing else.</li>
<li style="text-align: justify;">The router has become global</li>
<li style="text-align: justify;">All data transfer is executed according to ModuleInput and ModuleOutput protocols</li>
<li style="text-align: justify;">View is not only ViewController now; it acts as a presentation layer containing several parts (View, DataSource&rsquo;s. Delegate&rsquo;s, etc.)</li>
<li style="text-align: justify;">A new service layer has been added to a module with dependency injection into interactor. Thanks to this improvement a module interacts just with required services (they make networking, storing, collecting, etc.).</li>
</ol>
Thus, the VIPER is quite a useful architectural system, allowing to distinguish all of the logic, so that every class performs only actions it is responsible for.
<img style="border: none; width: 512px; height: 240px;" src="https://d12zh9bqbty5wp.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1676631429726.png" alt="6.png" />
This is the first part of our article about using and adapting the Viper architecture. In the <a href="https://agilie.com/blog/the-use-and-adaptation-of-the-viper-architecture-on-our-own-example-of-development-part-2" target="_blank" rel="nofollow noopener">second part</a>, we're going to discuss structuring and creating project skeleton for VIPER.
Follow our blog to learn more about the architecture of VIPER!
</div>
</div>

In this article, we want to share with you our experience of using and adapting the architecture of the Viper.&nbsp;&nbsp;

General info about software architectures

The use and adaptation of the VIPER architecture on our own example of development, part 1

In this article, we'll tell you how much money you can make with an app and describe the most popular and effective monetization methods.

If you're wondering how free apps make money, our article is meant for you. You'll find here detailed information on the average app revenue and popular monetization strategies

How Much Money You Can Make with an App

Mobile design goes beyond simply looking stylish and engaging users with bright colors and fun illustrations. User-oriented and innovative features play an equally important role. To make sure your app design stays relevant in terms of both style and user experience, it's important to stay up-to-date on current app design trends and use best practices.&nbsp;
Meanwhile, the introduction of conversational interfaces and personal assistants of different kinds doesn&rsquo;t mean we&rsquo;re ready to abandon more customary user interface patterns.
In this article, we&rsquo;ll try to analyze what&nbsp;<a href="https://agilie.com/expertise/technology/ui-ux-design">mobile app design</a>&nbsp;trends that buzzword the beginning of 2024 will - hopefully - live up to the end of the year and will actually mean something for product design and human-computer interaction in general.
Here&rsquo;s what we see as the most interesting mobile design trends for the year 2024.
More material design applications including:
<ul>
<li>Experimenting with material trends such as card interfaces</li>
<li>Meaningful transitions</li>
</ul>
Detours from material design principles like:
<ul>
<li>Less flat-ish feel</li>
<li>More color diversity</li>
<li>Icons going back to thin outline</li>
</ul>
Experimenting with UI patterns:
<ul>
<li>Alternative UI patterns instead of hamburger-like menus</li>
<li>Exploration of various prototyping tools</li>
<li>Mobile-first orientation of web apps</li>
</ul>
Adapting mobile design to new means of interactions such as:&nbsp;
<ul>
<li>Сonversational interfaces</li>
<li>AR and VR</li>
</ul>
Let's look at the main trends of mobile applications for iOS and Android in 2024 - forewarned means armed.
<div id="form-description" class="form-description" data-title="Key takeaways" data-text="Even with the claims of some that the trends are only temporary, our experience suggests otherwise. There are certainly UI/UX trends that have moved into the permanent category, such as dark mode or the use of real photos, which are now considered common practice. It is important to realize that trends that become best practices remain relevant for a long time, so adopting them early makes you an innovator, or at least attracts the attention of users.

For instance, use AR to create functional user interfaces that allow customers to try out furniture, for example, before buying it. Or imagine that your mobile app allows users to try on clothes to see how they will look before buying - augmented reality can be the perfect tool to make the shopping process even more interactive.">
<div class="form-description-title">Key takeaways</div>
Even with the claims of some that the trends are only temporary, our experience suggests otherwise. There are certainly UI/UX trends that have moved into the permanent category, such as dark mode or the use of real photos, which are now considered common practice. It is important to realize that trends that become best practices remain relevant for a long time, so adopting them early makes you an innovator, or at least attracts the attention of users. For instance, use AR to create functional user interfaces that allow customers to try out furniture, for example, before buying it. Or imagine that your mobile app allows users to try on clothes to see how they will look before buying - augmented reality can be the perfect tool to make the shopping process even more interactive.</div>
<h2 style="box-sizing: border-box; margin-top: 0px; margin-bottom: 0.5rem; line-height: 30px; font-size: 26px; color: #262b33; font-family: sans-serif;">1. More material design and a step off from flat</h2>
Google&rsquo;s material design had made it from a hot trend in 2015 to an app industry standard in 2016. As for now, however, the material design principles are not considered as some kind of dogmas by UI/UX designers. Material 3 marks the latest release of Google's open-source design system. You can utilize Material 3 to design and develop products that are visually appealing and user-friendly. In 2023 these principles work rather as road signs to show the general direction user flow and layouts should take to deliver the best user experience.
For example, card-based UI turned out to be an ideal way to deliver information and content in mobile apps. Card-based interfaces help organize large amounts of different content easily, just splitting it into accessible chunks. The different kinds of card layouts had been constantly in the highlight throughout 2020 and 2022, and don&rsquo;t seem to be going anywhere in 2024.
<img style="width: 796px; height: 595px;" src="https://d12zh9bqbty5wp.cloudfront.net/ckeditor_assets/pictures/257/content_cards_jpg.jpg" alt="cards layout" />
<a href="https://dribbble.com/shots/3209261-Pro-Timetracker-Debut-on-Dribbble" target="_blank" rel="nofollow noopener">Time tracker app</a> concept using the purely card-based interface.
Another tendency is fusing more complex graphic elements and effects into simplistic flat-inspired material design. No, skeuomorphism isn&rsquo;t back (not yet, at least), but some of its distinctive elements, like shadows or translucent elements, are enjoying more attention from UI designers.
<h2 style="box-sizing: border-box; margin-top: 0px; margin-bottom: 0.5rem; line-height: 30px; font-size: 26px; color: #262b33; font-family: sans-serif;">2. Brutalism</h2>
Brutalism is one of the latest trends in application design. This style is guaranteed to add expressiveness to your design. Brutalist UI design features include a black-and-white color palette, bold typography, and heavy use of photography inspired by the architectural style of the 1950s.
Brutal design can be less "clean" compared to other styles: fonts are often a bit hard to read, elements and typography can appear tightly spaced and are characterized by sharp edges. Therefore, not every project can use brutalism, and you should make sure that your audience understands and appreciates this refined approach. If your target audience is young people, and your project is focused on art and creativity, why not?
<img style="width: 800px; height: 600px;" src="https://d12zh9bqbty5wp.cloudfront.net/ckeditor_assets/pictures/258/content_flash_garage.gif" alt="flash garage" />
<a href="https://dribbble.com/shots/2896331-Flash-Garage-concept" target="_blank" rel="nofollow noopener">Gadget</a><a href="https://dribbble.com/shots/2896331-Flash-Garage-concept" target="_blank" rel="nofollow noopener"> battery management app</a> concept uses black as a theme color which contrasts with functional UI elements.
Meanwhile, more calm, minimalistic color palettes aren&rsquo;t going anywhere, either. Altogether, this means we&rsquo;ll see a much wider range of visual solutions this year.
<img style="width: 800px; height: 600px;" src="https://d12zh9bqbty5wp.cloudfront.net/ckeditor_assets/pictures/259/content_taxico.gif" alt="taxi app design concept" />
<a href="https://dribbble.com/shots/3219922-TAXICO-taxi-for-kids" target="_blank" rel="nofollow noopener">Taxico app</a> concept features a calm color palette.
<h2 style="box-sizing: border-box; margin-top: 0px; margin-bottom: 0.5rem; line-height: 30px; font-size: 26px; color: #262b33; font-family: sans-serif;">3. Animation</h2>
<p id="isPasted" style="box-sizing: border-box; margin-top: 0px; margin-bottom: 1rem; caret-color: #414141; color: #414141; font-family: sans-serif; font-weight: 500; text-align: left; font-size: 1rem !important;">Animation remains a trend in program design, attracting the attention of users for its interest and effectiveness. From micro-interactions to full-scale illustrations, witty animations always add a fun layer to the user interface.
Let Agilie create not only fun but an effective UI/UX design for you! Tell us about your project, and we'll take care of all the details.
The possibilities are endless when it comes to animation styles and approaches. You can experiment with typography, add custom artwork to input screens, or simplify app navigation. Pay attention to the 3D design trend: claymorphism, which combines the physicality of clay with the interactivity of modern interfaces, is becoming one of the most popular trends in 2023. This style gives a sense of playfulness and nostalgia, and also promotes a more active interaction with the user.
With the introduction of 5G, designers no longer need to worry about slow internet, opening up opportunities to implement more complex ideas in the field of animation in 2023.
<h2 style="box-sizing: border-box; margin-top: 0px; margin-bottom: 0.5rem; line-height: 30px; font-size: 26px; color: #262b33; font-family: sans-serif;">4. Microinteractions</h2>
Microinteractions have become not just a trend in the design of UX applications, but already a mandatory practice for any digital design. These small interactions, such as button animations or sound notifications, make the user experience more natural and interactive. They add fun and individuality to the interface, giving it a unique character.
Microinteractions can include various elements such as movement, animation, sound effects, or even haptic feedback. In particular, they use visual cues that are clear and intuitive to provide feedback between the user and the interface. This helps bridge the gap between physical and digital perception and provides a responsive experience for users.
Microinteractions are small but important UX elements that make an app easier to navigate and more user-friendly. They also add to the overall mood of the app and contribute to branding through small animated details. At the same time, it is important not to overload the user with too many microinteractions to avoid overload.
<img style="width: 800px; height: 600px;" src="https://d12zh9bqbty5wp.cloudfront.net/ckeditor_assets/pictures/634/content_content_10_tomplay.gif" alt="animated icons design trends" width="800" height="600" />
Animated icons for <a href="https://www.behance.net/gallery/34364779/Tomplay-interactive-sheet-music" target="_blank" rel="nofollow noopener">Tomplay</a>, an interactive sheet music app.
<h2 style="box-sizing: border-box; margin-top: 0px; margin-bottom: 0.5rem; line-height: 30px; font-size: 26px; color: #262b33; font-family: sans-serif;">5. Alternative UI patterns</h2>
Today, many designers see the hamburger menu - the menu we all are so accustomed to - to be a controversial UI pattern, which has its pros and cons. It surely helps to structure in-app navigation, considering the small amount of space mobile devices provide. But it also appears that not all users even realize those three horizontal lines are a significant navigation element, and using the hamburger-like hidden drawers can&nbsp;<a href="https://thenextweb.com/dd/2014/04/08/ux-designers-side-drawer-navigation-costing-half-user-engagement/#.tnw_z465gJHf">seriously reduce</a>&nbsp;user engagement.
Now, designers try out various&nbsp;<a href="https://www.justinmind.com/blog/hamburger-menu-alternatives-to-mobile-uis-most-controversial-pattern/">alternatives to the hamburger menus</a>&nbsp;like using more contextual and intuitive hidden navigation elements, placing navigation in tabs, adding floating action buttons, and experimenting with iOS&rsquo;s 3D-touch technology, allowing users to peek on hidden menu elements.&nbsp;
Which of these patterns will become the next mobile UI trend is yet to be seen.
<h2 style="text-align: justify;">6. Interaction experimenting&nbsp;</h2>
And here appears the question: how to find the interaction patterns that appeal to users best? Why not try experimenting? The new prototyping tools appear now more often than any time before, and each of them offers some new possibilities to professional UI/UX designers in means of building, presenting, and testing new interactions, user flows, and combinations of interactions.
We at Agilie have tried different prototyping tools including&nbsp;<a href="https://www.sketchapp.com/">Sketch</a>,&nbsp;<a href="https://www.protopie.io/">ProtoPie</a>,&nbsp;<a href="http://www.adobe.com/products/experience-design.html">Adobe XD</a>&nbsp;and others, and we&nbsp;<a href="https://dribbble.com/shots/3293259-Hoteller-motion-prototype-ProtoPie">keep experimenting</a>&nbsp;and building concepts in order to the most simple and user-friendly product design solutions.
<h2 style="box-sizing: border-box; margin-top: 0px; margin-bottom: 0.5rem; line-height: 30px; font-size: 26px; color: #262b33; font-family: sans-serif;">7. Conversational interfaces</h2>
Personal assistants and chatbots were indeed the technology trends of which everyone spoke throughout 2022. Now, it&rsquo;s time to figure out the best way to connect people with data-driven algorithms by creating capable conversational interfaces, whose usability and functionalities extend far beyond the abilities that regular personal assistants have now.&nbsp;
Imagine the &ldquo;assistant-as-app&rdquo;, an interface messenger-like that can accomplish sophisticated tasks through a natural dialogue with you. And this is only one example of what UI/UX designers can do by employing machine learning and natural language processing (NLP) technologies to build the most convenient human-computer interactions.
<img style="width: 800px; height: 450px;" src="https://d12zh9bqbty5wp.cloudfront.net/ckeditor_assets/pictures/263/content_siri-search1.jpg" alt="conversational interfaces" />
<h2 style="box-sizing: border-box; margin-top: 0px; margin-bottom: 0.5rem; line-height: 30px; font-size: 26px; color: #262b33; font-family: sans-serif;">8. Anticipatory design</h2>
Chatbots are not the only way to effectively use data-driven algorithms for providing better services and products. As&nbsp;<a href="https://en.wikipedia.org/wiki/Hick%27s_law">Hick&rsquo;s law</a>&nbsp;suggests, the wider the choice lies before the user, the more time and effort it would require for them to make a choice. Too many choices lead to decision fatigue, and in the case of user experience design, it may be fatal: people just won&rsquo;t waste their time and effort on making choices. As the solution to this problem, there is the concept sometimes dubbed as&nbsp;<a href="https://medium.com/digital-experience-design/a-radical-mindshift-in-ux-anticipatory-design-390e457e4db8#.oixx2b8xp">anticipatory design</a>.
Anticipatory design implies utilizing user behavior data to predict people&rsquo;s choices even before they realize they need to make them. The goal of the anticipatory design is to provide apps with more contextual awareness and narrow down user&rsquo;s choices to one option -&nbsp;the one&nbsp;they need at the exact moment. While this might sound a little dystopian, contextually aware apps can provide much more value to users and make the human-computer interaction as simple as never before.
<h2 style="box-sizing: border-box; margin-top: 0px; margin-bottom: 0.5rem; line-height: 30px; font-size: 26px; color: #262b33; font-family: sans-serif;">9. Further exploration of VR and AR</h2>
Virtual and augmented reality have been around for a long time, but we can expect these technologies to become even more important and true UX design trends in 2023. You may be asking why? Apple gave us a few pointers on its own VR/AR headset. And as we all know, when Apple creates something new, it instantly becomes a trend.
Augmented reality is one of the most exciting mobile app design trends in 2023 because it doesn't require any additional hardware, but has incredible effects. For example, users can see a virtual catwalk when choosing clothes or evaluate how the furniture looks in their room. And this is not to mention the potential of AR in the gaming industry.
Over 60% of mobile app developers are using virtual reality (VR) in their designs.
As an alternative, it&rsquo;s pretty possible VR and AR might fit their own niche, just like did wearables - another long-standing inhabitant of various trend lists.
<img src="https://d12zh9bqbty5wp.cloudfront.net/ckeditor_assets/pictures/3787/content_content_content_design_trends_vr_1.jpg" alt="VR" width="800" height="533" />
<h2 style="box-sizing: border-box; margin-top: 0px; margin-bottom: 0.5rem; line-height: 30px; font-size: 26px; color: #262b33; font-family: sans-serif;">10. More responsive websites</h2>
Finally, web browsing has become an integral part of any mobile device user&rsquo;s life.&nbsp;
<a href="https://www.brawnmediany.com/blog/the-crucial-role-of-mobile-friendly-website-design-in-2023/">Google's move to mobile-first indexing</a>&nbsp;is revolutionizing the rules in the SEO world. This means that Google prefers mobile versions of websites when determining search engine rankings. This change is logical, given that a significant part of Internet traffic is now generated from mobile devices. If your website isn't mobile-optimized, it may not rank well in search results, potentially resulting in less regular traffic.
In order to maintain and improve your website's search engine visibility, it is extremely important to have a responsive design that provides an effective look and functionality on mobile devices. A mobile-friendly website will help you stay competitive in search engine rankings.
And as the market goes mobile-first, designers must answer to this by building responsive websites that work, look, and feel consistent on mobile screens just as they are on desktops.
Year after year, the direction which mobile design trends take doesn&rsquo;t change drastically, but the trends themselves grow in detail and adjust to people&rsquo;s and the market&rsquo;s current needs and technological trends. Which trends from our today&rsquo;s top we&rsquo;ll see in the best app design 2024? Only time will show.

In this article, we&rsquo;ll speak about&nbsp;what we see as the most interesting mobile design trends for this&nbsp;year.

Mobile design trends 2017: material design, alternative UI patterns, anticipatory design, AR and VR and more.

Top 10 Mobile App Design Trends 2017

- Media content features for software distribution companies;&nbsp; 
- Processes automatization for production teams;&nbsp; 
- Reach an audience and work on retention of users;&nbsp; 
- Different channels to talk to the audience;&nbsp; 
- Improve a visibility for startups;

<iframe allowfullscreen="" frameborder="0" height="485" marginheight="0" marginwidth="0" scrolling="no" src="//www.slideshare.net/slideshow/embed_code/key/3r5YcQzXyOaVch" style="border:1px solid #CCC; border-width:1px; margin-bottom:5px; max-width: 100%;" width="595"></iframe>

<div style="margin-bottom:5px"><a href="//www.slideshare.net/agilie/b2b-media-content-broadcast-and-live-streaming" target="_blank" title="B2B media content broadcast and live streaming">B2B media content broadcast and live streaming</a> from <a href="//www.slideshare.net/agilie" target="_blank">Agilie Team</a></div>

Read about Media content features for software distribution companies and&nbsp;Processes automatization for production teams.

Media content, audience, visibility for startups;

B2B media content broadcast and live streaming

Discover the core principles and latest UX/UI design trends.

Discover the core principles and latest UX/UI design trends.

Principles and Real-World Examples of UX/UI Design Trends | Agilie

Since its appearance in 2014, Google&rsquo;s Material Design language has set up the way designers view and build interfaces for years ahead.&nbsp;
At first glance, it seems that Material Design is just a new graphical way to provide more vibrant colors and shadows. Actually, it&lsquo;s a new approach to developing different kinds of software products and their functionality. Material Design provides an extensive library of design patterns and guidelines that work for any medium. Originally used mainly for Android apps and Google products, its principles have quickly found their way to iOS and web design.
One of the many highlights of Google&rsquo;s design language is the new approaches to animations and transitions. In this article, we&rsquo;re going to provide you with some tips on these aspects of Material Design based on our team&rsquo;s own experience.
<h2 style="text-align: justify;">What is Material Design</h2>
<a href="https://material.io/guidelines/material-design/introduction.html" target="_blank" rel="nofollow noopener">Material Design</a> is&nbsp;a new approach to user interaction with the program elements. It has originated from information cards from the Google Now service. Google developers have come to the conclusion that elements must have physical properties - thickness, shadow, speed, so a user could have an impression of interacting with real tangible objects. Paper is the basis of the material. Take its physical properties, add bright colors, spectacular animations, minimalism and you&rsquo;ll get Material Design.
<img style="width: 800px; height: 318px;" src="https://d12zh9bqbty5wp.cloudfront.net/ckeditor_assets/pictures/232/content_material_design.png" alt="" />
The principles of Material Design
The material has not only physical properties. It can change size and color, be split into parts or merge into a solid sheet. Animation in Material Design is a very important part of the concept. It takes into account the physical properties of objects, their acceleration, and deceleration, the inertia. The movement of objects is smooth and convenient for visual perception. However, it should be used only when it&rsquo;s needed, without overloading the content. Due to this, the design does not return to complicated skeuomorphism, and, at the same time, it is not as simple as a flat design.
Here, we gathered ten main principles that help you understand how to create truly meaningful transitions and animations using material motion.
<h2 style="text-align: justify;">10 main principles of animation in Material Design</h2>
<h3 style="text-align: justify;">1. Everything in the interface must follow a certain logic.</h3>
The quality of our <a href="https://agilie.com/expertise/technology/ui-ux-design" target="_blank" rel="noopener">ux/ui design services</a> within an app mainly depends on how the user flow is designed. Material Design promotes the idea to make the user flow as seamless and natural as possible.
The material can change shapes and each object can move independently during the transitions between screens. For example, pop-up windows and buttons appear from the button that the user clicks, not in the middle of the screen, or one screen can smoothly transit into another while preserving some elements from previous one, yet reshaping them.
<img style="width: 600px; height: 450px;" src="https://d12zh9bqbty5wp.cloudfront.net/ckeditor_assets/pictures/233/content_material_fitness_transitions.gif" alt="fitness app material design animations" />
Our <a href="https://dribbble.com/shots/2069918-Fitness-Tracker-Material-Design" target="_blank" rel="nofollow noopener">fitness tracking app concept</a>. We wanted to deliver screen transitions in the most logical and natural way.
<h3 style="text-align: justify;">2. All objects must respond to touch with animation.&nbsp;</h3>
According to the Material Design guidelines, all interactive material objects must respond to users&rsquo; touch in one way or another.
Thus, the effect of ripples radially spreading on the interactive surface is the most common interaction animation in&nbsp;Material Design. Another material reaction to a user&rsquo;s tap is bouncing and hovering effects on an object a user interacts with.
Having all micro-interactions in an app to provide visual feedback to users&rsquo; actions makes the UX more immersive and enjoyable.
<img style="width: 382px; height: 399px;" src="https://d12zh9bqbty5wp.cloudfront.net/ckeditor_assets/pictures/234/content_material_design_ripples.gif" alt="material ripples effect" />
Ripples and hovering effects as the response to an interaction. Source: android-developers.googleblog.com
<h3 style="text-align: justify;">3. Use icon animations.</h3>
It&rsquo;s a relatively new but very promising concept. Users do not pay attention to these details, but the general perception of the application becomes easier. Some icons like a hamburger menu or back button can morph as the button's function changes, others can appear from the context buttons&nbsp;with the circular reveal effect. Here&rsquo;s an example of how it can be done:
<img style="width: 640px; height: 480px;" src="https://d12zh9bqbty5wp.cloudfront.net/ckeditor_assets/pictures/684/content_content_material_design_cards_layout_chat-app_-_600-min.gif" alt="chat app with cards layout" width="640" height="480" />
Our <a href="https://dribbble.com/shots/2879618-Chat-App" target="_blank" rel="nofollow noopener">chat app concept</a> uses card layout and different icon animations
<h3 style="text-align: justify;">4. While the elements are separated, the selected object is visually lifted.</h3>
The Material Design concept provides great possibilities to create a feeling of a space consisting of physical objects on the other side of the screen. Use shadows and animations to achieve this sense of space and visually lift the object you want to highlight - make it hover above other material objects.
<h3 style="text-align: justify;">5. All the elements must move in a coordinated manner and in the general direction.&nbsp;</h3>
Chaotic motion and object's&rsquo; appearance on a screen distracts and confuses a user complicating their perception of the objects. Also, it&rsquo;s better not to stagger objects letting the next to appear before the animation of the previous one isn&rsquo;t even finished.
<img style="width: 600px; height: 450px;" src="https://d12zh9bqbty5wp.cloudfront.net/ckeditor_assets/pictures/704/content_content_material_design_animation_1-min.gif" alt="material motion" width="600" height="450" />
An example of animation in Material Design <a href="https://dribbble.com/shots/1717585-Google-s-Material-Design-Animation" target="_blank" rel="nofollow noopener">by Balraj Chana</a> features transitions with a number of gradually animated elements that appear in one general direction.
<h3 style="text-align: justify;">6. Before you create a transition, it&rsquo;s important to understand what information needs emphasis.</h3>
So you could compose both objects&rsquo; layout and the way they appear on the screen during the transitions. This will allow you to combine pages visually without a sharp movement and create the most intuitive user flow.
<h3 style="text-align: justify;">7. Transitions between pages should be smooth and contain common elements.</h3>
To make the user flow feel even more seamless, you can move some elements from screen to screen, so that a user doesn&rsquo;t get lost and knows where they are.
<img style="width: 600px; height: 450px;" src="https://d12zh9bqbty5wp.cloudfront.net/ckeditor_assets/pictures/235/content_material_design_login_touch_animation.gif" alt="login screen animation" />
A login screen for our <a href="https://dribbble.com/shots/2034562-To-Do-Manager-Login" target="_blank" rel="nofollow noopener">To-Do Manager app</a>. The app icon present on both screens ensures the consistent transition from one screen to another.
<h3 style="text-align: justify;">8. Acceleration and deceleration of the objects should be smooth.</h3>
To make transitions comprehensible for users, ensure all motions are smooth and as close to reality as possible. As Material Design aims to replicate the physics of the natural world, the smoothness of motions can be emphasized by the inertia during acceleration and deceleration of animated objects.
<h3 style="text-align: justify;">9. Each material object can have its own timing.&nbsp;</h3>
There is no need to animate objects simultaneously, it&rsquo;s more natural if they appear one by one, so a user could look through the objects gradually. When objects appear on the screen all at once, it&rsquo;s overwhelming and eliminates a clear focus.
<h3 style="text-align: justify;">10. Duration is important.</h3>
While Material Design makes it possible to create smooth transitions, it&rsquo;s important to find the ideal duration for each animation. Too slow animations are distracting and will harm the user flow. In the same time, too quick transitions can be confusing. A designer&rsquo;s challenge here is to find the perfect balance between speed and clarity of transitions.
<img style="width: 600px; height: 450px;" src="https://d12zh9bqbty5wp.cloudfront.net/ckeditor_assets/pictures/236/content_2_-_preview.gif" alt="material design animations" />
Material Design animations by Jelio Dimitrov
The animation is the very core concept of Material Design. It&rsquo;s not just a trend, but a necessary component which simplifies the navigation, improves the user experience, and, ultimately, breaths life into a product.
Want us to help you design your mobile app or website? <a href="https://agilie.com/contacts" target="_blank" rel="nofollow noopener">Contact us</a> and let's discuss&nbsp;your ideal product!

At first glance, it seems that material design is&nbsp;just a new graphical way to provide more vibrant colors and shadows.

Material design is not just a new graphical way to provide vibrant colors and shadows. This design is based on a new way of user interaction with program elements

Tips for Animations in Material Design

Read our detailed case study on how we&nbsp;tried out different video libraries for the Android version of our live video streaming app b.live.

Our detailed case study on how we tried out different video libraries for the Android version of our live video streaming app b.live, and what affected our final decision.

How We Integrated a Video Library Into Our Live Video Streaming App

The rise of crypto wallets represents&ensp;a significant innovation in fintech. Those wallets can be very useful for businesses because, with them, many people can have access to funds depending on roles and permissions.
Depending on the type, cryptocurrency wallets also help in managing digital assets and allow businesses or individuals to control funds without banking, as they retain the full autonomy of&ensp;funds, or even trade assets without manual transfers. In this article, we are going to see what is the difference between a custodial and non-custodial wallet.
<div id="form-description" class="form-description" data-title="Key Takeaways" data-text="The custodial wallet requires identity verification, breaching the user&rsquo;s anonymity, while the non-custodial wallet is pseudonymous. 
Since non-custodial wallets operate independently of centralized exchanges (CEXs), transaction speed depends on blockchain network conditions, leading to delays in crypto operations. 
Although the custodial wallet relies on the Know Your Customer policy, the risks of cyber security attacks arise because of the required identity verification.">
<div class="form-description-title">Key Takeaways</div>
<ul style="text-align: justify;">
<li dir="ltr" aria-level="1">
The custodial wallet requires identity verification, breaching the user&rsquo;s anonymity, while the non-custodial wallet is pseudonymous.&nbsp;
</li>
<li dir="ltr" aria-level="1">
Since non-custodial wallets operate independently of centralized exchanges (CEXs), transaction speed depends on blockchain network conditions, leading to delays in crypto operations.&nbsp;
</li>
<li dir="ltr" aria-level="1">
Although the custodial wallet relies on the Know Your Customer policy, the risks of cyber security attacks arise because of the required identity verification.
</li>
</ul>
</div>
<h2 dir="ltr" style="text-align: justify;">Foreword: The Essence of Private Keys</h2>
Hold on! Why is it important to discuss the private key and how it comes with the custodial and non-custodial wallets? Let&rsquo;s define this cryptographic element and analyze its functions and importance for crypto wallets.&nbsp;
The crypto wallet generates a private key, which represents an alphanumeric code consisting of a large string of letters and numbers. The primary functions of a private key include enabling the users to authorize transactions and prove ownership of their assets.
This alphanumeric cipher matters to any crypto wallet type as it generates a digital signature. A private key is used to sign the transaction, which is transmitted to the blockchain, but prior to being added to the block, it requires verification. The computers operating the blockchain check the user&rsquo;s public key to verify the digital signature, and if it is correct the transaction is approved and recorded permanently on the blockchain.&nbsp;
The private and public keys are paired, which ensures the transaction&rsquo;s security due to the resistance to tampering and the impossibility of making any changes on the block. Hence, private keys are central elements of a crypto wallet, so let&rsquo;s discuss their essence in custodial and non-custodial wallets.&nbsp;
<h2 dir="ltr" style="text-align: justify;">What Is a Custodial Wallet?</h2>
The custodial wallet meaning can be defined as a wallet in which a third party, such as an exchange or bank, holds the private keys of the users. This means that the client is not in full control of their funds, as they rely on the custodian who secures and manages their transactions.&nbsp;
There are the following features of the custodial wallets:
<ul style="text-align: justify;">
<li dir="ltr" aria-level="1">
Simplified Usability
</li>
</ul>
The custodial wallets represent an opportunity for beginners to trade their crypto assets without managing private keys.&nbsp;
<ul style="text-align: justify;">
<li dir="ltr" aria-level="1">
Options for Account Recovery
</li>
</ul>
If users lose access to their accounts, they will be able to recover their funds as the custodian holds their private keys on the centralized server. The users will only have to verify their identity.&nbsp;
<ul style="text-align: justify;">
<li dir="ltr" aria-level="1">
Support Opportunities
</li>
</ul>
A central unity manages the client&rsquo;s wallet, providing them with support like undoing the transaction.
Some of the best custodial wallets to consider are: Coinbase, Gemini, BitMex, BitGo, Binance, and Bitfinex.
<h2 dir="ltr" style="text-align: justify;">What Is a Non-Custodial Wallet?</h2>
When analyzing the non-custodial vs custodial wallet, the first one provides clients with full ownership of their private keys and funds, respectively. This autonomy defines the non-custodial wallet meaning that no third party will handle the user&rsquo;s funds and operations. This excludes issues like account freezing and withdrawal restrictions. There are the following distinctive features of the non-custodial wallets:
<ul style="text-align: justify;">
<li dir="ltr" aria-level="1">
User&rsquo;s Full Ownership
</li>
</ul>
The non-custodial wallets function within the decentralized ecosystem, meaning that no centralized unity will manage the wallet.
<ul style="text-align: justify;">
<li dir="ltr" aria-level="1">
Direct Blockchain Interaction
</li>
</ul>
A non-custodial wallet does not require an intermediary; transactions occur directly on the blockchain.&nbsp;
<ul style="text-align: justify;">
<li dir="ltr" aria-level="1">
Increased Privacy
</li>
</ul>
The users don&rsquo;t have to abide by the Know Your Customer policy and verify their identity in the non-custodial wallet. This crypto wallet type preserves pseudoanonimity.
<a class="incut--wrap" style="transition-property: all;" href="https://agilie.com/blog/digital-wallets-types-ideas-and-future-of-such-products" target="_blank" rel="noopener" aria-label="incut"><img style="float: left;" src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1740483774764.png" width="100%" height="100%" />Gain insights into the essence of e-wallets, their benefits, and examples.</a>
<h2 dir="ltr" style="text-align: justify;">Difference Between Custodial and Non-Custodial Wallet</h2>
Based on the aforementioned analysis of two crypto wallet types, their meaning, advantages, and disadvantages, it would be essential to provide a short summative recap, as well as additional details on the differences between the custodial wallet vs non-custodial wallet, focusing on the following metrics.
<h3 dir="ltr" style="text-align: justify;">Security</h3>
<h4 dir="ltr" style="text-align: justify;">Custodial Wallet</h4>
The custodial wallet is less secure than its non-custodial counterpart, considering its vulnerability to cyberattacks. Hackers can attack the centralized servers and obtain access to multiple accounts.
Credential harvesting is a phishing type of cyberattack which aims to steal a user&rsquo;s login and password so that the attacker can access their account. The attackers send the falsified site links, almost identical to the real ones, via SMS or email, so by entering their credentials, the victim provides them with access to their funds.&nbsp;
<h4 dir="ltr" style="text-align: justify;">Non-Custodial Wallet</h4>
The non-custodial wallets depend on the private keys owned by the users, which decreases the risks of theft. Nevertheless, attackers can obtain the key due to malware attacks, which can infect the computer or smartphone as in the case of clipboard hijacking malware attack.&nbsp;
The malware functions, so to say, silently in the device, monitoring the clipboard. When the user copies the wallet address, the malware substitutes it with the attacker&rsquo;s one, so the victim sends them their funds unintentionally.&nbsp;
<h3 dir="ltr" style="text-align: justify;">Ownership of Private Keys</h3>
<h4 dir="ltr" style="text-align: justify;">Custodial Wallet</h4>
In the custodial wallet, it&rsquo;s the custodian&rsquo;s responsibility to hold the user&rsquo;s private keys, which limits the latter&rsquo;s control over their funds. This is one of the most significant disadvantages of the custodial wallets for the following reasons:
<ul style="text-align: justify;">
<li dir="ltr" aria-level="1">
Lack of Client&rsquo;s Full Ownership Over Their Finances.
</li>
</ul>
The client has access to accounts but relies heavily on the custodian&rsquo;s controls over the transaction&rsquo;s approval.&nbsp;
<ul style="text-align: justify;">
<li dir="ltr" aria-level="1">
Withdrawal and Transaction Restrictions
</li>
</ul>
The custodian can delay or block the transaction based on governmental policies, which can limit the fund movement.&nbsp;
<h4 dir="ltr" style="text-align: justify;">Non-Custodial Wallet</h4>
In the non-custodial wallet, the user holds the private keys by themselves, which is simultaneously convenient and requires a decent level of responsibility not to lose them.&nbsp;
<ul style="text-align: justify;">
<li dir="ltr" aria-level="1">
No KYC Compliance
</li>
</ul>
The non-custodial wallet does not rely on the KYC policy, so the user doesn&rsquo;t have to verify their identity to proceed with the transactions, showing their full ownership over their funds.&nbsp;
<h3 dir="ltr" style="text-align: justify;">Ease of Use&nbsp;</h3>
<h4 dir="ltr" style="text-align: justify;">Custodial Wallet</h4>
Custodial wallets are easier to use as the client does not have to know the precise details of the exchange work. If the user wants to undo the operation, customer support can help with that.&nbsp;
<h4 dir="ltr" style="text-align: justify;">Non-Custodial Wallet</h4>
Non-custodial wallets require decent knowledge about the work of blockchain and smart contracts, as minor mistakes can lead to the loss of funds with no refund option, representing one of the core challenges of this wallet type.
<a class="incut--wrap" style="transition-property: all;" href="https://agilie.com/blog/top-7-crypto-wallet-apps" target="_blank" rel="noopener" aria-label="incut"><img style="float: left;" src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1740483930529.png" width="100%" height="100%" />Check out 7 potential crypto wallets you might use.</a>
<h2 dir="ltr" style="text-align: justify;">Choosing the Right&nbsp;Wallet&nbsp;for Your Business Needs</h2>
You might be interested in how to choose the right wallet type per business needs. It's time to discuss the most suitable cases to use custodial and non-custodial cryptocurrency wallets.
<h3 dir="ltr" style="text-align: justify;">Custodial Wallets</h3>
The custodial wallets are a valuable option for businesses that need an insured and regulated service. For instance, Greyscale, a leading crypto asset manager, utilizes Coinbase Custody, which improves its scalability and contributes to success due to alignment with NYC banking laws as the wallet is regulated by NYDFS, one of the most prominent financial regulators in the world.&nbsp;
<h3 dir="ltr" style="text-align: justify;">Non-Custodial Wallets</h3>
The non-custodial wallets are best suited for businesses that manage crypto without third-party integration, and those companies with DeFi projects and NFT platforms. For instance, Open Sea, a web3 marketplace for NFTs, applies Meta Mask, which improves its scalability and success by integrating Layer 2 support like Polygon network for lower fees and faster transactions.
<h2 dir="ltr" style="text-align: justify;">Who We Are</h2>
Agilie is a European IT outsourcing organization that crafts custom digital products for businesses and startups in fintech, real estate, healthcare, and marketing domains. By providing our clients with three outsourcing models, like the dedicated team, staff augmentation, and project-based outsourcing, Agilie elaborates on tech-savvy software relevant to&nbsp;<a href="https://agilie.com/expertise/fintech" target="_blank" rel="noopener">fintech</a>,&nbsp;<a href="https://agilie.com/expertise/fintech/payment-solutions" target="_blank" rel="noopener">payment solutions</a>, and&nbsp;<a href="https://agilie.com/expertise/fintech/mobile-banking" target="_blank" rel="noopener">mobile banking</a>.&nbsp;
When it comes to the&nbsp;<a href="https://agilie.com/expertise/fintech/blockchain-software" target="_blank" rel="noopener">blockchain software development services</a>, Agilie can help you craft:
<ul style="text-align: justify;">
<li dir="ltr" aria-level="1">
Cryptocurrency
</li>
<li dir="ltr" aria-level="1">
Crypto Wallets
</li>
<li dir="ltr" aria-level="1">
Blockchain
</li>
<li dir="ltr" aria-level="1">
Smart Contracts
</li>
<li dir="ltr" aria-level="1">
NFT
</li>
</ul>
<h2 dir="ltr" style="text-align: justify;">Conclusion</h2>
The article analyzed the features, advantages, disadvantages, and differences of custodial vs non-custodial crypto wallet types. Both introduce unique approaches to handling finances, such as the client&rsquo;s full ownership of the private keys versus the custodian&rsquo;s. Nevertheless, when choosing a wallet type, you have to take into account the elements of security, anonymity, and tech knowledge to make your trade or transactions secure and minimize risks.&nbsp;
<a class="incut--wrap" style="transition-property: all;" href="https://agilie.com/contacts" target="_blank" rel="noopener" aria-label="incut"><img style="float: left;" src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1740484028707.png" width="100%" height="100%" />Are you eager to craft a personalized crypto wallet? Then contact us to get a consultation!</a>

Explore the differences between a custodial wallet vs non-custodial wallet, their features, and use cases.

Explore the differences between a custodial wallet vs non-custodial wallet, their features, and use cases.

Custodial vs Non-custodial Wallet: Explained & Compared | Agilie

Blockchain has become a paradigm shift that changes the operations of different industries. Nevertheless, like any other disruptive technology, a lot of myths and misconceptions have appeared. We should differentiate between fact and fiction to use blockchain technology effectively and responsibly. We can better understand what blockchain is (and isn&rsquo;t), how it functions, and the varied applications it holds besides cryptocurrencies by clarifying these misconceptions.
<div id="form-description" class="form-description" data-title="Key Takeaways" data-text="Blockchain is not just about Bitcoin; it is the technology that can transform different fields. 

Blockchains are strong but not flawless, and being aware of the possible weak sections is a very important thing in keeping the network safe.

Educational investment and partnerships with software development experts are the main factors for businesses that will use blockchain technology.">
<div class="form-description-title">Key Takeaways</div>
<ul style="text-align: justify;">
<li dir="ltr" aria-level="1">
Blockchain is not just about Bitcoin; it is the technology that can transform different fields.&nbsp;
</li>
<li dir="ltr" style="text-align: left;" aria-level="1">
Blockchains are strong but not flawless, and being aware of the possible weak sections is a very important thing in keeping the network safe.
</li>
<li dir="ltr" aria-level="1">
Educational investment and partnerships with software development experts are the main factors for businesses that will use blockchain technology.
</li>
</ul>
</div>
<h2 dir="ltr" role="presentation">&nbsp;Myth 1: Blockchain and Bitcoin Are the Same</h2>
Among the most common myths about blockchain technology is the confusion between the blockchain and Bitcoin. Blockchain and Bitcoin were created simultaneously, so they are widely believed to be the same thing. However, we must understand that blockchain is a much broader term. It is the technology that created Bitcoin. While Bitcoin is indeed the first and most famous application of this technology, equating the two is like saying that Google is the Internet.
Blockchain is a decentralized digital ledger technology (DLT) that records transactions across multiple computers so that the records cannot be altered retroactively, without the alteration of all subsequent blocks and the consensus of the network.
This makes blockchain a naturally secure and transparent method of data and transaction recording.&nbsp;
Bitcoin is a type of digital currency based on blockchain technology and used for secure, anonymous, and decentralized financial transactions. The blockchain of Bitcoin acts as a public ledger for all the transactions in the Bitcoin network, thus, it is possible to transfer digital currency securely without the use of intermediaries like banks or governments.&nbsp;
Blockchain technology can be much broader than purely financial transactions. It can be used in different industries with various aims. Nowadays, many businesses are studying how <a href="https://agilie.com/blog/enterprise-blockchain-development-how-businesses-derive-benefits" target="_blank" rel="noopener">enterprise blockchain development</a> can improve their operations.

Here are a few examples:
Healthcare: Blockchain can guarantee the safety of medical records storage and sharing. Thus, they are only available to authorized personnel and patients and lead to quicker diagnosis and treatment.​
Financial Services: Blockchain is a viable solution for international payments, real-time settlements, and improving transaction transparency and security.
Digital Identity:&nbsp; Blockchain can correct identity theft and fraud by adding digital identities that cannot be changed. For example, Estonia's e-Residency program is the first of its kind, a government-issued digital identity that allows entrepreneurs from anywhere in the world to operate and conduct business online in the EU.
Real Estate: Blockchain can simplify property transactions such as sales, leasing, and financing by reducing paperwork and improving transparency.
<a class="incut--wrap" style="transition-delay: 0s;" href="https://agilie.com/blog/the-evolution-of-blockchain-from-bitcoin-to-business-applications" target="_blank" rel="noopener" aria-label="incut"><img style="height: 344px; width: 778px;" src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1716280829344.png" width="100%" height="100%" />Learn more about the evolution of Blockchain from Bitcoin to business applications.</a>
<h2 dir="ltr">Myth 2: Blockchain Transactions Are Always Anonymous</h2>
A frequent mistake people make about blockchain technology is that it is automatically anonymous to its users. However, the truth is more nuanced. Blockchain transactions are not strictly anonymous but pseudonymous.
Pseudonymity means that a user's identity is not directly tied to their blockchain transactions but rather to a digital pseudonym, typically a public key or a blockchain address. These addresses are like a sequence of letters and numbers, giving privacy but not total anonymity.
In contrast, anonymity would mean that the transactions are entirely disconnected from any identity, even a pseudonym, making them untraceable to the user. Blockchain does not usually provide this level of anonymity because the transaction history of each blockchain address is visible to anyone who accesses the blockchain.
Most blockchains are open ledgers, meaning that all transactions are visible to anyone who wishes to view them. This level of transparency ensures that while users' identities are not directly exposed, their transaction histories and patterns can be analyzed.<span style="font-size: 11pt; font-family: Roboto, sans-serif; color: #000000; background-color: transparent; font-weight: 400; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-variant-alternates: normal; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-position: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"> 
<img src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1716280901953.png" />
While basic blockchain transactions offer pseudonymity, several enhancements and tools can increase privacy:
1. Mixing Services: Services like CoinJoin allow multiple users to combine their transactions into a single transaction with multiple inputs and outputs. This mixing blurs the traceability of any single coin, making it more difficult to link wallets with identities.
2. Privacy-Focused Cryptocurrencies: Some cryptocurrencies, like Monero and Zcash, are designed specifically to enhance privacy. Monero uses ring signatures and stealth addresses to hide the transactions&rsquo; origins, amounts, and destinations. Zcash allows users to shield transactions completely through its zk-SNARKs technology, which enables transactions to be verified without revealing the sender, receiver, or amount.
3. Use of Multiple Addresses: Users can increase their privacy by using multiple wallets or addresses, dispersing their transactions across several points, which makes it more challenging to link them to a single identity.
<a class="incut--wrap" style="transition-delay: 0s;" href="https://agilie.com/blog/blockchain-tech-trends-how-to-stay-ahead-of-the-curve" target="_blank" rel="noopener" aria-label="incut"><img style="height: 344px; width: 778px;" src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1716280997458.png" width="100%" height="100%" />Explore key blockchain technology trends and stay ahead in its innovation with insights and practical examples.</a>
<h2 dir="ltr">Myth 3: Blockchains Are Unhackable</h2>
The idea that blockchains are completely unhackable is a frequently held misconception that can cause a dangerous level of complacency in security measures. While blockchain technology does offer robust security features, it is not immune to vulnerabilities. Knowing the security features employed and the situations in which breaches happen is very important for anyone who wants to use blockchain for their business.
Blockchain technology secures data through several mechanisms:
Cryptography: Every transaction on a blockchain is secured using cryptographic algorithms, which ensure that data can neither be altered nor read without the appropriate cryptographic key.
Decentralization: By distributing copies of the ledger across a network, blockchain reduces the risk of a single point of failure that could compromise the entire system.
Consensus Protocols: Blockchains use various consensus mechanisms, like Proof of Work (PoW) or Proof of Stake (PoS), to agree on the validity of transactions. These protocols prevent a malicious actor from changing even a single aspect of the blockchain.
<a class="incut--wrap" style="transition-delay: 0s;" href="https://agilie.com/expertise/fintech/blockchain-software" target="_blank" rel="noopener" aria-label="incut"><img style="height: 344px; width: 778px;" src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1716281102044.png" width="100%" height="100%" />Learn more about our blockchain software development services.</a>
Despite these security measures, there are scenarios where blockchains can and have been compromised.
<h3 dir="ltr">Scenarios Under Which Breaches Have Occurred</h3>
51% Attacks: This type of attack happens when a single entity gains control of more than 50% of the network&rsquo;s mining hash rate or stake, allowing them to manipulate transactions and potentially double-spend coins.&nbsp;
Code Vulnerabilities: <a href="https://agilie.com/blog/secure-smart-contract-design-best-practices-in-solidity-programming" target="_blank" rel="noopener">Smart contracts</a>, which are self-executing contracts with the terms directly written into code, can contain vulnerabilities. One of the most famous incidents is the DAO attack on the Ethereum network. Hackers exploited a vulnerability in the DAO (Decentralized Autonomous Organization) smart contract code to siphon off one-third of the DAO&rsquo;s funds.
Phishing and Social Engineering: End-user security is often the weakest link in a blockchain system. Phishing attacks can allow attackers access to blockchain assets, bypassing network security measures, to steal private keys or wallet credentials.
<img src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1716281254703.png" />
<h2 dir="ltr" style="text-align: justify;">Conclusion</h2>
The blockchain technology is often seen as highly popular and muddled at the same time.&nbsp; Falsified myths are only part of the misconceptions that can mislead such a fantastic technology. Similarly, proper professional knowledge and strategy can help blockchain perform to its potential in various fields.&nbsp;<a href="https://agilie.com/blog/your-own-cryptocurrency-from-scratch-everything-you-need-to-know-to-create-your-cryptocurrency" target="_blank" rel="noopener">Building your own cryptocurrency</a> can be a strategic move for businesses seeking to innovate and tap into new digital markets.
At <a href="https://agilie.com" target="_blank" rel="noopener">Agilie</a>, we understand that dealing with a complex environment is also a significant challenge. This is why we create powerful blockchain systems and wish to educate our clients regarding the breadth of blockchain-utilizing services. Therefore, such solutions can be tailored to your industry's concrete necessities and problems.
<a class="incut--wrap" style="transition-delay: 0s;" href="https://agilie.com/contacts" target="_blank" rel="noopener" aria-label="incut"><img style="height: 344px; width: 778px;" src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1716281316627.png" width="100%" height="100%" />Contact us to find out how our blockchain development services can help you achieve your goal.</a>

Discover the truths about blockchain technology as we debunk common myths and clarify its applications to empower businesses with informed integration.

Discover the truths about blockchain technology as we debunk common myths and clarify its applications to empower businesses with informed integration.

Blockchain Myths Debunked: Separating Fact from Fiction | Agilie

Learn about the cost of building a banking app based on its features, dev process, UX/UI design, and wireframe.

Learn about the cost of building a banking app based on its features, dev process, UX/UI design, and wireframe.

Banking App Development Cost | Agilie

Analyze the latest fintech software development trends. Clarify what impact the evolving digital technologies have on the industry.&nbsp;

Analyze the latest fintech software development trends. Clarify what impact the evolving digital technologies have on the industry. 

Fintech Software Development Trends in 2025 | Agilie

Explore a step-by-step way of building a property management system from scratch, its features, and challenges.&nbsp;

Explore a step-by-step way of building a property management system from scratch, its features, and challenges.

How to Create a Property Management System | Agilie

Nowadays, blockchain reshapes the functionality of the fintech industry, invoking a significant interest in institutions that work with financial operations directly. We&rsquo;re talking about accounting, which starts integrating blockchain technology to its daily operations.&nbsp;
Accounting is a noticeable area for blockchain innovation due to the significant improvements it can present. Businesses experience growth of interest in secure financial operations. The elimination of a single-point failure and cryptographic encryption can reduce the dependency on the centralized intermediary and protect financial transactions by improving security and economizing protection costs simultaneously. The article analyzes what is blockchain used for in accounting and its benefits.
<h2 dir="ltr" style="text-align: justify;">How Blockchain Is Transforming Accounting</h2>
As a distributed and public ledger, blockchain benefits versatile fintech and business branches due to its possibility to record transactions that cannot be altered. The impact of blockchain in accounting is significant as it eliminates manipulations with records and minimizes human errors. We&rsquo;re going to focus on fraud prevention and error detection capabilities of blockchain in accounting.&nbsp;
<a class="incut--wrap" style="transition-property: all;" href="https://agilie.com/blog/the-role-of-cryptography-in-blockchain-security" target="_blank" rel="noopener" aria-label="incut"><img style="float: left;" src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1739370419274.png" width="100%" height="100%" />In this article you can learn how cryptography makes blockchain safe and the consensus mechanisms its work is based on.</a>
<h3 dir="ltr" style="text-align: justify;">Fraud Prevention</h3>
Blockchain undermines the pain point of fraudulent actions through immutability and security.&nbsp;
<ul style="text-align: justify;">
<li dir="ltr" aria-level="1">
Immutability
</li>
</ul>
As stated above, the transaction is recorded, while the record is immutable. This is important for accounting to fraud prevention because it makes it difficult for fraudsters to manipulate revenue or conceal expenses.
<ul style="text-align: justify;">
<li dir="ltr" aria-level="1">
Safety
</li>
</ul>
Authorized parties can access a real-time ledger, proving that blockchain can reduce the likelihood of fraudulent reporting. The auditors can cross-check the transactions in real-time, which greatly reduces the risk of any manipulations in the financial statements.
Moreover, with triple-entry accounting, the blockchain makes it hard&ensp;to commit double-entry fraud. Transactions are cryptographically linked and recorded in the distributed&ensp;ledger, making identifying fraudulent actions easier.
<h3 dir="ltr" style="text-align: justify;">Error Detection and Overcoming</h3>
Blockchain helps to identify common human-factor mistakes and helps overcome them via smart contracts and AI integration.&nbsp;
<ul style="text-align: justify;">
<li dir="ltr" aria-level="1">
Human Errors within Data Entry
</li>
</ul>
Blockchain helps resolve issues like incorrect figures or duplicate entries. Multiple parties validate the transduction cryptographically prior to recording. Smart contracts will automate the transactions, minimizing human input.&nbsp;
<ul style="text-align: justify;">
<li dir="ltr" aria-level="1">
Duplicate Transactions
</li>
</ul>
Blockchain can help prevent accidental duplication of invoices, expenses, or payroll payments based on the correct realization of smart contracts or transaction control systems. The chances of record duplication are reduced as each transaction gets a unique cryptographic signature. Blockchain&rsquo;s task is to ensure a real-time reconciliation by underlining the duplicate entries.&nbsp;
<ul style="text-align: justify;">
<li dir="ltr" aria-level="1">
Transaction Misclassification
</li>
</ul>
Another human error in accounting is assigning the wrong category for revenue, expenses, or&ensp;liabilities, which results in erroneous financial statements. Smart contracts and AI analyze transactions and mark inconsistencies, while the immutable ledger ensures proper classification.
<h2 dir="ltr" style="text-align: justify;">Key Benefits of Blockchain in Accounting</h2>
Accounting organizations can optimize their record processing, minimize fraud, and economize financial input by integrating blockchain technology. Let&rsquo;s analyze the advantages of blockchain in accounting into the following categories.
<h3 dir="ltr" style="text-align: justify;">Transparency</h3>
The blockchain works on the distributed ledger that instantly&ensp;records any transactions and displays them to authorized users. The immutable ledger eliminates the possibility of changes and is deleted once the finance-relevant operation is recorded. Finally, one of the key benefits blockchain brings to accounting is the absence of dependency on centralized units. All the required stakeholders and auditors are independent in verifying transactions.
<h3 dir="ltr" style="text-align: justify;">Security</h3>
Blockchain and accounting are intertwined based on security intensification. Now, let&rsquo;s analyze how exactly blockchain helps accounting improve the security of its operations.&nbsp;&nbsp;
Blockchain assists accounting services in preventing and reducing fraudulent activities due to the cryptographic security mechanisms that protect against unauthorized access. Another way of supporting safety in accounting is securing financial data through advanced cryptographic encryption. Blockchain can prevent unauthorized alterations in the transactions via the consensus mechanisms that verify and record those operations.&nbsp;
Finally, as in blockchain, there is no need to rely on a third party; decentralized storage minimizes the risks of cyberattacks. For instance, Deloitte relies on machine learning in blockchain that helps check, mark anomalies, and set a risk rate for the transaction.&nbsp;
Nevertheless, it is important to remember the existing threats of cyber attacks on the users&rsquo; non-custodial wallets, smart contracts, and network nodes. The intermediary can store data in a centralized server, making it vulnerable to a single-point attack, while in the blockchain, decentralized storage eliminates this single-point failure and reinforces tamper resistance, making the records immutable based on the blockchain hashing.&nbsp;
<h3 dir="ltr" style="text-align: justify;">Efficiency</h3>
Blockchain in accounting applies smart contracts that automate financial transactions. Manual intervention and processing are not required. The ledger facilitates real-time financial reporting, so&ensp;there are no delays in data processing. The distributed nature of the ledger allows auditors to determine if the transaction was legitimate. Overall, blockchain improves the efficiency of accounting services by minimizing the need for repeated data entry, which minimizes human errors.&nbsp;
<h3 dir="ltr" style="text-align: justify;">Cost Savings</h3>
Blockchain minimizes overhead and manual transaction processing by excluding the dependency on third parties and eliminating the need to perform manual audits.&nbsp;
Blockchain favorably affects compliance costs by ensuring automatic alignment with accounting regulations. Finally, blockchain minimizes costs associated with error corrections and fraud detection.&nbsp;
<h2 dir="ltr" style="text-align: justify;">How Can Blockchain Be Used in Accounting?</h2>
Indisputably, the organization specializing in accounting can benefit significantly from integrating a decentralized ledger due to improved security, optimized time, and efficiency in verifying and operating transactions. But what are the practical examples of blockchain in accounting? Let&rsquo;s clarify.
<h3 dir="ltr" style="text-align: justify;">Auditing and Assurance</h3>
Traditional accounting depended on third-party confirmations to check and verify whether the financial record was legitimate. Audits were time-consuming due to manual proceeding and verification. Blockchain functionality is based on the smart contract, which benefits audit compliance. It is possible to pre-program specific financial processes to follow audit rules automatically. Auditors don&rsquo;t have to wait for periodic reports. Instead, they can access data in real time.&nbsp;
<h3 dir="ltr" style="text-align: justify;">Tax Compliance</h3>
Traditional manual tax management faced the challenges of income misreporting or purposeful dedication, which led to tax evasion and non-compliance. Here on, tax audits can be time-consuming to complete.
Integrating blockchain into accounting can eliminate invoice falsification. Smart contracts can automate the process of invoice verification in real-time prior to processing the tax claim. However, the correctness of data depends on the source information checked by the accountants. The immutable ledger ensures no record can be altered, eliminating the manipulation of tax-relevant data. Finally, due to the integration with the API of tax offices, smart contracts can calculate and file tax automatically based on recorded transactions.&nbsp;
<h3 dir="ltr" style="text-align: justify;">Payroll Management</h3>
Payroll management encountered the dilemma of ghost employees who could divert and manipulate funds. Implementing blockchain technology in accounting can eliminate potential fraudulent actions in the following ways. Smart contracts can contribute to payroll automation by the automatic proceedings over the salaries only when the predefined conditions are met. Secondly, in blockchain, the payments will be analyzed only when the ID of the verified worker matches with the work records. The next point is that blockchain ensures the records are tamper-proof, meaning that no insider can manipulate the payroll records.
<h3 dir="ltr" style="text-align: justify;">Supply Chain Finances</h3>
The accounting organizations faced the problem of delayed payments from suppliers. The issue emerged because of the prolonged manual invoice verification. Moreover, manual reconciliation between vendors and clients delayed accounting processing. As blockchain provides real-time reconciliation, it can be integrated to eliminate the presented problems. This translates to real-time transaction recordings, removing the need to carry out manual reconciliation. One of the examples of blockchain in accounting is EY&rsquo;s blockchain analyzer reconciler applied to reconcile and match transactions. The approval of received items stimulates automated payment processing, which eliminates data manipulations, providing accounting with real-time financial tracking.&nbsp;
<h2 dir="ltr" style="text-align: justify;">Agilie, Your Reliable Partner</h2>
Agilie is a European IT outsourcing organization that crafts from scratch and optimizes software solutions that align with our clients' boldest ideas. Specializing in fintech, mobile banking, and payment solutions, our software benefits multiple industries, including fintech, marketing, logistics, healthcare, real estate, etc. We aspire for client-centricity by aligning with the client&rsquo;s unique needs and embedding them into effective and time-preserving SDLC-based product development.&nbsp;
Our&nbsp;<a title="blockchain software services" href="https://agilie.com/expertise/fintech/blockchain-software" target="_blank" rel="noopener">blockchain software services</a>&nbsp;include:&nbsp;
<ul style="text-align: justify;">
<li dir="ltr" aria-level="1">
Blockchain Development
</li>
<li dir="ltr" aria-level="1">
NFT Crafting
</li>
<li dir="ltr" aria-level="1">
Smart Contract Development
</li>
<li dir="ltr" aria-level="1">
Decentralized Finance Development
</li>
</ul>
<a class="incut--wrap" style="transition-property: all;" href="https://agilie.com/success-stories" target="_blank" rel="noopener" aria-label="incut"><img style="float: left;" src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1739370581892.png" width="100%" height="100%" />Gain insights into the versatility of our tech experience with Agilie Success Stories.</a>
<h2 dir="ltr" style="text-align: justify;">Conclusion</h2>
The article answered the question of how is blockchain used in accounting by demonstrating its advantages and use cases. Blockchain technology excludes the reliance on intermediaries and streamlines efficiency by minimizing manual reconciliations and ensuring security and cost-effectiveness.
Smart contracts automate the transaction verification process, can prevent data falsification, and, by operating on decentralized storage, will make sure that no single entity will have control over the financial records and operations. Therefore, it is important to collaborate with skilled IT professionals who can integrate blockchain technology into your system to ensure the security and integrity of your accounting processes.
<a class="incut--wrap" style="transition-property: all;" href="https://agilie.com/contacts" target="_blank" rel="noopener" aria-label="incut"><img style="float: left;" src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1739370637771.png" width="100%" height="100%" />Don&rsquo;t hesitate to contact us if you want to integrate blockchain into your accounting services.</a>

Delve into the cases of how is blockchain used in accounting, including its benefits and examples.&nbsp;

Delve into the cases of how is blockchain used in accounting, including its benefits and examples.