Bitcoin Wallet App

Smartphone has gained lot of prominence in our day-to-day life and its offering many services and people can do many things by just tapping the phone. This electronic gadget not only serves as a communication tool but also used for socialization, entertainment, internet access and payments. Technology has enabled the smartphone users to do merchandising. Besides payment, people can also do functions like store receipts, coupons, business cards, billsin their smartphones. When smartphones can function as leather wallets, it is called “Digital Wallet” or widely known as “Mobile Wallet”. Multiple players are involved under the present electronic payment system. For example, Visa and Master card links four parties like issuer, customer, Merchants and Merchant acquirers. There is another payment system emerged into the market which is based on Block chain technology. This Digital wallet uses crypto type of currency called Bitcoins.

The main purpose of this system is removing the middlemen’s like issuer, customer, Merchants and Merchants acquirers. This technology aims to make payment system transparent; more secured and should not include fees for the transactions. In this project, we will develop an android application which is about digital wallet based on Bitcoins using blockchain technology.

Keywords: Blockchain, Bitcoins, Crypto Currency, Mining, Miners.