Tag Archives: Invest

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How to Invest Wisely in an Application Development Project

All well-designed apps begin with an efficient app development process. An inefficient app development process will result in succumbing to pitfalls that will not only prove costly, but also lead to sub-par functionality. Here are our top tips on how to invest wisely in an application development project:

COME PREPARED

When developing your app, you need to know all of the ins and outs of what you want out of your product. During the course of the development process, you will be asked every applicable question and you will need to be able to answer them and to communicate your vision to the app development team so that they are inside your head and know it almost as well as you do.

Rather than waiting for the question to come up, get ahead of it with thorough preparation.

App development starts with the creation of a specifications document elucidating all aspects of the app to be built to ensure a thorough understanding of the idea. Create your own specifications in advance of reaching out to teams and make sure it’s comprehensive. Review the app specifications document thoroughly with prospective partners, make sure they have a comprehensive understanding and it accounts for everything you need your app to do.

Preparation is absolutely vital to staying on the same page with your application development team and avoiding costly hiccups and rebuilds down the line.

FIND THE RIGHT TEAM

Every client has different needs and every app development company has different strengths and weaknesses. Finding the right team is crucial for building the product that will get your business to the next level.

Some clients only need app development specialists, while others look for companies that can take a more holistic approach to their projects and provide input or services on marketing, web development, design and more. Ruminate on your unique needs, research and understand prospective companies strengths and weaknesses, and ensure it is a good match before committing to a long-term partnership with a company.

We recommend seeking a collaborative team with experts in app development as well as project management and the ability to expedite development by putting more programmers on projects. The best app development teams have experienced programmers that have built many apps before and can walk you through the process with ease.

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WIREFRAMES

The use of wireframes will save time and money in the app development process. A wireframe is a visual schematic or blueprint that outlines the design for an application without programming the core functions. Mobile app wireframes can take the form of downloadable apps or as websites. Wireframes replicate how the app will work and the flow of screens without incorporating core programming.

Wireframes save time and money because they help app developers get on the same page with their clients without requiring a hefty amount of programming. After reviewing the wireframes, clients can request modifications or approve the designs. The app development team then commences core programming.

The creation of wireframes before programming key functions and additions will save time, money, and headaches.

MAKE IT SCALABLE

Oftentimes when beginning the application development process, businesses elect to start by focusing on the Minimum Viable Product. While understanding what’s needed for the MVP and what’s extraneous to it, it’s vital to have an understanding of what features you may want to add in the future so that the application can be scalable to enable future iterations of the app.

While focusing on Phase 1 of the development process (building the MVP), keep a running wishlist of functions desired for Phase 2 of the development process so that as functions are added and modified, everyone remains cognizant of how current changes will support future functionality.

Mobile-app-testing

TEST, TEST, TEST

Testing doesn’t begin upon the completion of the application, it’s an ongoing process that occurs internally as new components of the app are built. It is vital not to underbudget for testing, a common mistake in the app development process.

Core functions need to be repeatedly tested, as does UI and usability. Employing dedicated testers to specialize in testing specific components like core functions, sound, design, and more will ensure a fully-functioning app.

Veteran developers use test-driven development (TDD) in which programmers create tests to define the function or improvements of a function, run tests to see if the test fails, write the code so that tests pass, run tests again, correct the code, and repeat until all tests are passed. Test-driven development guarantees code coverage with unit tests for all functions.

CONCLUSION

When hiring an app development company to build your application, hire for the long haul. An ongoing strategic relationship will help you grow and if you choose the right partner, efficiency will increase as your collaborative relationship develops. A mobile application is a major investment of time and money—invest wisely!

Contact us today to learn about how our team can efficiently build your next mobile app.

Litecoin: The Everyday Cryptocurrency

In our last piece, the Mystic Media Blog covered the up and coming cryptocurrency Ripple. This week, we’ll examine another major cryptocurrency player: Litecoin.

Litecoin is a swifter, more nimble adaptation of Bitcoin utilizing the Bitcoin Core protocol. As Litecoin founder Charlie Lee puts it: Litecoin is designed to be the silver to Bitcoin’s gold.

Charles Lee graphically denotes the relationship between Bitcoin and Litecoin on his Twitter profile using an image of Vegeta from Dragon Ball Z wearing the Litecoin insignia and Goku who wears Bitcoin’s insignia.

Charlie Lee graphically denotes the relationship between Bitcoin and Litecoin on his Twitter profile using an image of Vegeta wearing the Litecoin insignia, and Goku wearing Bitcoin’s insignia.

Litecoin was created in October 2011 by Charlie Lee, a former Google engineer. When creating Litecoin, Charlie Lee aimed to mimic the Bitcoin protocol while decreasing the block generation time and the maximum number of coins. In doing so, he reduced transaction times and fees. Litecoin processes transactions in only 2.5 minutes while Bitcoin takes about 10 minutes. Additionally, Litecoins are capped at 84 million, quadruple the cap of coins for Bitcoin. As of February 2018, the transaction fee for Litecoin averaged $0.30 while Bitcoin averaged $8.50.

The quicker transaction times, smaller fees, and larger number of coins make Litecoin a faster, more nimble cryptocurrency with more practical usages than Bitcoin. Charlie Lee has stated that his goal was to compliment, rather than compete with Bitcoin.

“The vision has always been that I wanted Litecoin to complement Bitcoin—not compete. Bitcoin can be used for  moving millions of dollars between banks, buying houses, buying cars. It’s really secure… Litecoin can be used for cheaper things.” – Charlie Lee

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Since Litecoin is modeled off of Bitcoin Core, it will benefit from improvements to the Bitcoin system while serving a complimentary purpose. While Litecoin is not a direct Bitcoin competitor, it does have competitors within the cryptocurrency sphere. Bitcoin Cash essentially offers the same proposition: A cryptocurrency based off of the Bitcoin system, but designed to be mobile for purchasing goods rather than simply functioning as a store of value. Charlie Lee himself has acknowledged the competition between Bitcoin Cash and Litecoin.

Many would say the main advantage that Bitcoin Cash has over Litecoin is not in its technology, but in its marketing. Bitcoin Cash has the Bitcoin name and its founder Roger Ver is the CEO of bitcoin.com, making him one of the most influential personalities in the cryptocurrency sphere.

If Litecoin can beat out Bitcoin Cash to become the ultimate compliment to Bitcoin, then it will be a cryptocurrency to watch. Litecoin has a tradition of adopting advanced technology like Segregation Witness and Lightning Networks early, which will certainly be to its advantage as it vies for consumer usage in the coming years. Whether or not it will beat out Bitcoin Cash in the long run remains to be seen, but there is no question Litecoin will be one of the top cryptocurrencies to watch.