Creating Payment Application and Cryptocurrency on the Ethereum Blockchain

Abstract

Blockchain allows transactions to be performed much faster than is possible in traditional centralized systems. To provide decentralized payment application to the users. It can be very cost effective. Using Ethereum and Solidity programming language we are creating payment application. Which will include adding functionalities such as depositing ether, gaining tokens, and withdrawing ether in exchange of tokens and also a creator fee. By using Ethereum blockchain technology we can create our own ERC20 token project. ERC20 token is a cryptocurrency built on top of the Ethereum blockchain.