<span style="color: #0d0d0d; font-family: S&ouml;hne, ui-sans-serif, system-ui, -apple-system, 'Segoe UI', Roboto, Ubuntu, Cantarell, 'Noto Sans', sans-serif, 'Helvetica Neue', Arial, 'Apple Color Emoji', 'Segoe UI Emoji', 'Segoe UI Symbol', 'Noto Color Emoji'; font-size: 16px; text-align: start; white-space-collapse: preserve; background-color: #ffffff;">Software testing is critical to ensuring the success of your project. For comprehensive details, please follow the link.

Software QA testing is critical to the success of your project. You should check if your digital product works as intended ✅ Automated and manual testing are two main approaches to this task. But which one to choose and why? If you don't know the answer to that question, follow the link and read how to create a project’s testing strategy ⭐


Manual vs Automation Testing: Do You Need Both?

Web projects testing is an extremely important procedure designed to ensure the smooth operation of the site; it helps to make your online platform work perfectly and without failures. But only multi-level testing performed by a qualified QA team would guarantee that the result of web developers' work meets all client's expectations.
In general, testing web projects includes a number of such stages as:
<ol dir="ltr">
<li style="text-align: justify;" role="presentation">Documentation testing</li>
<li style="text-align: justify;" role="presentation">Testing the layout</li>
<li style="text-align: justify;" role="presentation">Functional testing</li>
<li style="text-align: justify;" role="presentation">Testing usability</li>
<li style="text-align: justify;" role="presentation">Performance testing</li>
<li style="text-align: justify;" role="presentation">Security testing</li>
</ol>
<img src="https://d12zh9bqbty5wp.cloudfront.net/ckeditor_assets/pictures/3960/content_content_testingtools2.jpg" alt="Web projects testing" width="800" height="681" />
In our article, we'd like to touch on the 2nd stage, namely, the layout testing.
We'll describe the whole process at length, discuss the pros and cons of each particular tool for such testing, and share our own practical experience.
<h2 dir="ltr" style="text-align: justify;">The basic logic of layout testing</h2>
First, let's talk about the sense of testing when it comes to the layout part. What is it and why is it needed?&nbsp;
Let&rsquo;s see!
The layout testing is aimed to search out noticeable inconsistencies in the website and includes the verification of the online resource scaling, resolution, reliability, and availability.
In addition, you should not forget another important issue, which is cross-browser ability.&nbsp;
<h3 dir="ltr" style="text-align: justify;">The cross-browser ability</h3>
As you know, we all have our own preferences in everything, including choosing the best browser to view a web resource. Some people prefer Google Chrome, someone uses Mozilla Firefox or (less often) Opera, Yandex Browser... And there are also Internet Explorer (Windows), Safari (MAC), and mobile versions of browsers on Android, IOS, and Windows Phone platforms. Therefore, having so many options, it is very important that your site looks the way it was originally intended, under any circumstances.
Thus, the task of the QA team is to check the availability, functionality, site design, as well as fonts and colors, in each browser and on different devices. And believe us, you may be surprised when comparing the display of colors in Windows and MAC OS!
So be smart enough and don&rsquo;t miss this stage.
<h2 dir="ltr" style="text-align: justify;">Testing the visual part</h2>
We&rsquo;d like to start by describing a very important step that must be completed first in the process of layout testing. Its priority is not surprising: we perceive the world with our eyes, so the visual flaws would be discovered almost immediately.
The experienced QA team usually checks:
<ul style="list-style-type: disc;">
<li dir="ltr">
the presence of obvious inconsistencies, visible to the eye: broken blocks, colors inconsistencies, incorrect display of text around images;
</li>
<li dir="ltr">
whether the layout fully corresponds to the implemented project;
</li>
<li dir="ltr">
the grid (vertical/horizontal alignment of fields and blocks);
</li>
<li dir="ltr">
stability of the backgrounds: they should not "float";
</li>
<li dir="ltr">
the page scaling: your page mustn't have visual defects and floated blocks for all reasonable scales (range of 75-150%);
</li>
<li dir="ltr">
the text box resizing (it should not break the layout);
</li>
<li dir="ltr">
the selection of fields of focus, highlighting the fields with errors;
</li>
<li dir="ltr">
the website in different resolutions (1024x600, 1024x768, 1152x864, 1280x800, 1280x1024, 1440x900, 1680x1050, 1920x1080).
</li>
</ul>
<h4 dir="ltr" style="text-align: justify;">In addition, QA experts must ensure that:</h4>
<ul style="list-style-type: disc;">
<li dir="ltr">
all the site elements are being changed in proportion when reducing the window size to less than the minimum technical specifications;
</li>
<li dir="ltr">
every detail looks as intended, nothing is broken;
</li>
<li dir="ltr">
there is no horizontal page scroll at the screen resolutions noticed in the specification;
</li>
<li dir="ltr">
the backgrounds don&rsquo;t drop sharply at higher resolutions.
</li>
</ul>
After completing the checkup of the visual part, QA experts can switch their attention to the site availability testing.
<h2 dir="ltr" style="text-align: justify;">Testing the site availability</h2>
It&rsquo;s the second and equally important phase of the layout test plan, as well as one of the factors helping to assess the quality of the whole site. And assessing the resource's quality is one of the functions of testing, right?
In short, availability is the website&rsquo;s operability. In other words, the QA expert is trying to find out if&hellip;
<ul style="list-style-type: disc;">
<li dir="ltr">
one can select the text in the appropriate blocks;
</li>
<li dir="ltr">
clickable elements (links/buttons) work the way they&rsquo;re intended to;
</li>
<li dir="ltr">
the logo icon is clickable and leads to the main page;
</li>
<li dir="ltr">
the mouse cursor takes the form of a &laquo;<a href="https://www.google.com.ua/search?hl=ru&amp;authuser=0&amp;biw=1093&amp;bih=500&amp;tbm=isch&amp;sa=1&amp;ei=0OjgXanlDo-GwPAP1uO62AY&amp;q=pointer+icon&amp;oq=pointer+&amp;gs_l=img.1.0.0i67l2j0j0i67l5j0l2.1342.1342..3146...0.0..0.104.294.1j2......0....1..gws-wiz-img.e7xHZUmDzlo#imgrc=YyZgaEli-cCy7M:" target="_blank" rel="nofollow noopener">pointer</a>&raquo; or &laquo;<a href="https://www.google.com.ua/search?hl=ru&amp;authuser=0&amp;biw=1093&amp;bih=500&amp;tbm=isch&amp;sa=1&amp;ei=1OjgXZLlJImHwPAPlLG9-AY&amp;q=resize+icon&amp;oq=resize+icon&amp;gs_l=img.3..0i67l2j0i7i30l7j0i8i7i30.98985.98985..99970...0.0..0.111.212.0j2......0....2j1..gws-wiz-img.......0.DsTg3J_Abf8&amp;ved=0ahUKEwiSn9jFkY_mAhWJAxAIHZRYD28Q4dUDCAc&amp;uact=5#imgrc=2hpek_sDtNrKUM:" target="_blank" rel="nofollow noopener">resize</a>&raquo; when hovering over clickable elements and remains &laquo;<a href="https://www.google.com.ua/search?hl=ru&amp;authuser=0&amp;biw=1093&amp;bih=500&amp;tbm=isch&amp;sa=1&amp;ei=VungXafKA4aJrwTynjA&amp;q=default+%D0%BA%D1%83%D1%80%D1%81%D0%BE%D1%80+icon&amp;oq=default+%D0%BA%D1%83%D1%80%D1%81%D0%BE%D1%80+icon&amp;gs_l=img.3...6128.6990..7292...0.0..0.120.926.6j3......0....1..gws-wiz-img.......0i67j0i7i30.HqNo3pW72b8&amp;ved=0ahUKEwinzbWDko_mAhWGxIsKHXIPDAAQ4dUDCAc&amp;uact=5#imgrc=QkUdiGo9K84fPM:" target="_blank" rel="nofollow noopener">default</a>&raquo; when hovering over inaccessible elements;
</li>
<li dir="ltr">
active elements react properly to the mouse cursor (and the unavailable/inactive elements don&rsquo;t react);
</li>
<li dir="ltr">
clickable elements, whose purpose isn&rsquo;t obvious, are provided with tooltips.
</li>
</ul>
<h2 dir="ltr" style="text-align: justify;">Testing the layout reliability</h2>
When describing the required testing set, we mustn&rsquo;t forget about this stage of the process. It&rsquo;s aimed to check the layout reliability, which means the correct site response to adding the real text to the fields. So, the QA team is checking&hellip;
<ul style="list-style-type: disc;">
<li dir="ltr">
the correctness of increasing and decreasing the number of displayed material for information blocks (blocks with descriptions, articles, menus, lists, etc.);
</li>
<li dir="ltr">
the print of the page (if the website suggests such a possibility: say, selling tickets online);
</li>
<li dir="ltr">
readability. If images are switched off, the inscriptions (especially the logo and the main site menu) have to remain readable, and all the information symbols must be signed by the alternative text that a browser displays in cases where it's unable to load the picture (for instance, if the picture was deleted from the server or a visitor has disabled the image display in browser);
</li>
<li dir="ltr">
the input and deletion of data. To check it, one should input a big and small amount of text information into the text fields of forms for filling in.
</li>
<li dir="ltr">
the work of styles. In such a case, one has to observe the site's reaction to inputting the text of different formats (with and without paragraphs, with lists, images, tables, etc). Is everything working as expected?
</li>
</ul>
The reliable layout means the user is at ease during working with a website (specifically, with its textual content) under any condition.
<h2 dir="ltr" style="text-align: justify;">Error 404</h2>
Another step in layout testing is to check broken links, also known as 404 errors.
Let's briefly explain what the number (404) means.
<ul style="list-style-type: disc;">
<li dir="ltr">
The first digit "4" means that there is an error that occurred on the client side. Such an error can be a misspelled URL or a request for a non-existent page. In turn, if the first digit is 5, it would mean an error on the server side.
</li>
<li dir="ltr">
The number "04" identifies the specific error "Not Found" from the 4хх group. Among other mistakes from this group, one might distinguish 400 Bad Request, 401 Unauthorized, 402 Payment Required, 403 Forbidden, and so on.
</li>
</ul>
Try to look at the problem from the user's point of view. When a user encounters a 404 error, the first question coming to his mind is "What should I do next?". Probably, he&rsquo;ll leave the website, unless you find a way to keep him. Obviously, it makes sense to change the standard 404 page which ideally must have the same stylistic structure as the rest of your website.
In general, the custom 404 error page must handle such tasks:
<ul style="list-style-type: disc;">
<li dir="ltr">
the user-friendly design able to keep a user on the website;
</li>
<li dir="ltr">
useful content ready to provide a user with the answer to the question &laquo;What should I do now?&raquo; by giving him simple and clear instructions.
</li>
</ul>
There are many different online services to check 404 errors on your site, one of the most optimal is <a href="https://validator.w3.org/checklink" target="_blank" rel="nofollow noopener">W3C Link Checker</a>.
When moving to this service, you just enter the URL of your web project into the appropriate box, mark suitable options, and click &ldquo;Check&rdquo;. A bit later, the system will give you a full report on your website.
<img src="https://d12zh9bqbty5wp.cloudfront.net/ckeditor_assets/pictures/3303/content_content_testingtools3.jpg" alt="multi-level testing" width="800" height="681" />
That's all for now. Good luck with testing!&nbsp;
<div class="blog-banner__wrapper blog-banner__wrapper--large"><a class="blog-banner__link" style="background-image: url('https://d12zh9bqbty5wp.cloudfront.net/ckeditor_assets/attachments/1166/contact_us_1.jpg');" href="https://agilie.com/contacts" target="_blank" rel="noopener"><img class="image-incut-hide" src="https://d12zh9bqbty5wp.cloudfront.net/ckeditor_assets/attachments/1166/contact_us_1.jpg" alt="Effective Layout Testing Tools" width="850" height="300" /></a>
<div class="blog-banner__container">
<div class="blog-banner__title">Feel free to ask any questions. We&rsquo;re always ready to cooperate and help you choose the most effective layout testing tools!</div>
</div>
</div>
&nbsp;
&nbsp;

Web project testing includes a number of different stages. But now we're going to discuss only one of them, namely - the layout testing.

Web projects testing is an extremely important procedure designed to ensure the smooth operation of the site. So it's crucial to choose the most effective layout testing tools ⭐ Not sure where to start? Read our article about multi-level testing and pitfalls you might face during this process ☝

Effective Layout Testing Tools

Neobanks represent an innovative avenue to build modern and efficient banking solutions. The major factor of the neobank&rsquo;s success is a strong digital infrastructure created by an expert development team. The team is proficient in coding and involves innovative solutions, strong security implementation, and user-oriented design. They have to ensure compliance with regulatory standards, guarantee data protection, and provide scalable solutions that meet the organization's growing needs. Agilie in this article has presented a detailed process for hiring a development team that is in line with the neobank&rsquo;s mission and vision.
<div id="form-description" class="form-description" data-title="Key Takeaways" data-text="To successfully launch and operate a neobank, it's crucial to hire a skilled development team that understands fintech and digital banking. 

The process of finding the right team needs a clear vision of your needs, the usage of appropriate recruitment platforms, and comprehensive support from an expert team that offers end-to-end services.

Prioritizing strong client relationships is a factor that helps to make informed decisions based on cultural fit.">
<div class="form-description-title">Key Takeaways</div>
<ul style="text-align: justify;">
<li dir="ltr" aria-level="1">
To successfully launch and operate a neobank, it's crucial to hire a skilled development team that understands fintech and digital banking.&nbsp;
</li>
<li dir="ltr" style="text-align: left;" aria-level="1">
The process of finding the right team needs a clear vision of your needs, the usage of appropriate recruitment platforms, and comprehensive support from an expert team that offers end-to-end services.
</li>
<li dir="ltr" aria-level="1">
Prioritizing strong client relationships is a factor that helps to make informed decisions based on cultural fit.
</li>
</ul>
</div>
<h2 dir="ltr" style="text-align: justify;">Identifying Your Needs</h2>
Defining the major components of your neobank and the skills of your development team is important when starting your neobank business. This is an initial phase that builds the foundation of your project&rsquo;s possibility of success. This is a guide that will show you how to recognize members with crucial skills, experience, and expertise in this project for building a top-notch neobank creation team.
<img src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1714475062456.png" />
Key Roles in a Neobank Development Team&nbsp;
<ul style="text-align: justify;">
<li dir="ltr" aria-level="1">
Project Manager (PM):&nbsp;The PM controls the entire development process to ensure that the project arrives within time, budget, and specification. They provide a communication link between the developers and stakeholders.&nbsp;
</li>
<li dir="ltr" aria-level="1">
Business Analyst (BA):&nbsp;BA has the vital role of transforming complicated financial needs into business solutions. They collaborate with stakeholders to articulate business needs, restructuring processes, and achieve compliance in the neobanking industry.&nbsp;
</li>
<li dir="ltr" aria-level="1">
UI/UX Designer:&nbsp;Since user experience (UX) is one of the major factors in the success of neobanking, a designer knowledgeable in user interface design (UI) is essential. They not only deal with the style and atmosphere of your virtual bank but also keep an eye on using simple designs that enhance the level of user satisfaction and engagement.
</li>
<li dir="ltr" aria-level="1">
Software Developers:&nbsp;You will have to hire a mix of both front and backend developers who have experience with&nbsp;<a href="https://agilie.com/expertise/fintech" target="_blank" rel="noopener">fintech software development</a>. Frontend developers work with what users directly see and interact with in the application or website. Backend Developers work on the server side, administering the database and application logic. They should know modern programming languages and frameworks. Every software developer should prioritize security. In a neobank&rsquo;s financial nature, security is an inevitable element.&nbsp;
</li>
<li dir="ltr" aria-level="1">
Quality Assurance (QA) Engineers:&nbsp;QA engineers are irreplaceable in the building of a perfect user interaction mechanism. They conduct the testing and debugging of the code, making sure that the software is trusted, performs well, and is free from bugs.&nbsp;
</li>
<li dir="ltr" aria-level="1">
DevOps Engineer:&nbsp;This function includes improving the processes of development and deployment using cloud technologies and tools, with a focus on security. This will therefore make sure that your banking platform can scale up and adapt fast to the ever-changing situations.
</li>
</ul>
Operating a neobank largely involves more than technical expertise. It can only be successful if the dev team deeply understands the financial regulations, data security, and customer-centric design. The team members should possess agile workflow skills and be able to quickly and seamlessly integrate changes in the code base, processes, and environment. But how to find candidates? We will share our recommendations in the next chapter.&nbsp;
<h2 dir="ltr" style="text-align: justify;">Finding Candidates</h2>
The next key step is to find the appropriate candidates. Whether you're after a single node or a full development team, using the right platforms can immensely ease the process. Here's how you can handle the recruitment landscape masterfully.
<h3 dir="ltr" style="text-align: justify;">Utilizing Professional and Job-Specific Platforms</h3>
LinkedIn:&nbsp;It is a critical network for professionals. Look through the LinkedIn profiles of the applicants to gain insights into their background, former project involvement, and professional acquaintances. It&rsquo;s also a good placement for posting job ads and getting to a wide audience of professionals looking for new jobs.
GitHub:&nbsp;Linked to technical jobs, especially for software developers, GitHub is of utmost importance. It offers the ability to review the previous work of candidates, analyze their coding style, and comprehend their contributions to different projects. This is a key factor in assessing a developer's technical expertise.
Industry-specific sites:&nbsp;Sites such as Clutch, Manifest, GoodFirms, and IT Firms concentrate on rating and reviewing technology service companies. They comprise customer reviews, ratings, and detailed profiles of companies that specialize in the development of software, including neobank solutions.
Clutch&nbsp;is a suitable resource for locating development firms as it focuses on B2B services only. To make a successful search, apply appropriate keywords and filters, as well as pay attention to the service focus and portfolio of every company. Pay attention to clients&rsquo; reviews, credibility, and in-depth case studies. Client reviews help to tell about project management, communication, and results. Look through in-depth case studies to see how the firm goes about projects and how they approach complexity. Make sure the team has the appropriate technical abilities and a reputation among clients for delivering excellent results to be successful.&nbsp;
Agilie stands apart as a highly-ranked company on platforms such as Clutch because client reviews document our customer-oriented approach, innovative solutions, and solid software development abilities. These awards are a testament to our unwavering resolve to provide reliable, scalable, and secure digital banking services.&nbsp;
<img src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1714475178760.png" />
<img src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1714476206917.png" />
Client testimonials and expert reviews bring in information about a firm&rsquo;s dependability, quality, and performance. Choosing candidates from these sources guarantees an experienced development squad that can create a neobank.
Additionally, we would like to emphasize client relationships, and we will discuss this in the next chapter.
<a class="incut--wrap" style="transition-delay: 0s;" href="https://agilie.com" target="_blank" rel="noopener" aria-label="incut"><img style="height: 344px; width: 778px;" src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1714475303351.png" width="100%" height="100%" />Learn more about us by visiting our website.</a>
<h2 dir="ltr" style="text-align: justify;">Client Relationships&nbsp;</h2>
Launching a neobank is a process of several steps that require constant communication between you and the development team members. An exemplary team of professionals having in-depth abilities and being client-oriented will be the determining factor of the project.
A development team that prioritizes client relationships is essential for several reasons.
<ul style="text-align: justify;">
<li dir="ltr" aria-level="1">
Communication:&nbsp;Clarity, consistency, and transparency are the cornerstones that will ensure that there is a collective understanding and proper implementation of the vision. This methodology solves the problem of misunderstandings and saves the sustainable alignment of the project under the goals.
</li>
<li dir="ltr" aria-level="1">
Flexibility:&nbsp;Being up-to-date with the latest demands and alterations is highly critical in the constantly changing sector of fintech. A team that fully understands the industry environment, market, and customer requirements will have the highest capability to react to the market change and will help you to be the market leader.
</li>
<li dir="ltr" aria-level="1">
Support:&nbsp;The support from the start to the end, as well as after launching, is critical for problem-solving and scaling the solution when your business grows.
</li>
</ul>
<h3 dir="ltr" style="text-align: justify;">Agilie&rsquo;s Approach to Client Relations</h3>
At Agilie, we consider our customer relations equally valuable as our technological competencies. We are delighted to describe our approach to client communications.&nbsp;
Personalized Service:&nbsp;Each customer is distinctive, and so does their peculiar requirements. We appoint a designated project manager to every project. This manager functions as a link between our customers and our development team, guaranteeing that every correspondence is relevant and responds to the necessities and preferences of our clients.&nbsp;
Proactive Engagement:&nbsp;We don&rsquo;t just react to problems; we prevent them. During all stages of development, our team makes regular check-ins and updates to keep you informed about the progress of the project and to gather your references on crucial decisions. Our team implements preventive practices to neutralize threats before they turn into problems.&nbsp;
Transparent Processes:&nbsp;Transparency is an integral part of our activities. We bring development progress and financial expenditures right on time. This transparency ensures trust and there are no hidden actions.&nbsp;
Long-term Partnership Focus:&nbsp;Agilie aims at long-term relationships. We offer ongoing support and development services to help you adjust to the future growth of your neobank.
According to our clients, they value Agilie's ability to listen, adapt, meet deadlines, and consistently deliver high-quality results.
&nbsp;&nbsp;&nbsp;<a class="incut--wrap" style="transition-delay: 0s;" href="https://agilie.com/success-stories" target="_blank" rel="noopener" aria-label="incut"><img style="height: 344px; width: 778px;" src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1714475404994.png" width="100%" height="100%" />Learn more about our case studies and how we have created marvelous projects.</a>
<h2 dir="ltr">Making the Decision</h2>
Selecting the right development team for your neobank is a critical choice that will greatly affect the fate and path of your project. This choice should be based on both technical skills and cultural fit evaluation. We will take you through the evaluation process to make an informed hiring decision.
1. Assessing Technical Expertise:
<ul style="text-align: justify;">
<li dir="ltr" aria-level="1">
Review Portfolios and Case Studies
</li>
<li dir="ltr" aria-level="1">
Check References and Testimonials
</li>
<li dir="ltr" aria-level="1">
Evaluate Technical Presentations or Pitches
</li>
<li dir="ltr" aria-level="1">
Consider requesting a technical assessment
</li>
</ul>
2. Considering Cultural Fit
<ul style="text-align: justify;">
<li dir="ltr" aria-level="1">
Communication Style
</li>
<li dir="ltr" aria-level="1">
Project Management Approach
</li>
<li dir="ltr" aria-level="1">
Values and Vision
</li>
</ul>
3. Balancing Cost and Value
<ul style="text-align: justify;">
<li dir="ltr" aria-level="1">
Cost Efficiency vs. Investment Return (A higher upfront cost might be justified by superior quality and longer-term savings in maintenance and scalability)
</li>
</ul>
As you make your choice, keep in mind how Agilie interacts with the technical and cultural sides of the project. We value your opinion as it is our success indicator, as well as the success of your bank.
<a class="incut--wrap" style="transition-delay: 0s;" href="https://agilie.com/blog/steps-in-our-neobank-development-process" target="_blank" rel="noopener" aria-label="incut"><img style="height: 344px; width: 778px;" src="https://d3pxw3l8cozu05.cloudfront.net/images/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1714475720919.png" width="100%" height="100%" />Find out our neobanking development process and its price in our article.</a>
<h2 dir="ltr">Conclusion</h2>
Hiring a neobank development team is a complicated step, and its thoroughness is critical. The main part of this process includes:
<ul style="text-align: justify;">
<li dir="ltr" aria-level="1">
identifying your needs,&nbsp;
</li>
<li dir="ltr" aria-level="1">
finding candidates,&nbsp;
</li>
<li dir="ltr" aria-level="1">
building relationships,&nbsp;
</li>
<li dir="ltr" aria-level="1">
making the ultimate choice.&nbsp;
</li>
</ul>
Hiring process efficiency involves evaluating technical skills, cultural alignment, communication, and a potential for a long-term relationship. The technical expertise will guarantee that the project is done according to the highest standards, and cultural alignment will create a collaborative environment. Effective communication and excellent client relationships will result in the development of better solutions that satisfy all customer needs.
Through proper screening of prospective alliances, understating their strengths and weaknesses, and choosing a partner who relates to both your technical requirements and your company's culture, we can guarantee scalable, user-centric, and time-tested neobank.&nbsp;
<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/f9e66e179b6747ae54108f82f8ade8b3c25d76fd30afde6c395822c530196169-1714475762130.png" width="100%" height="100%" />Contact Agilie to realize your vision with the utmost dedication, expertise, and success.</a>

Get all the information on how to hire a development team to build a neobank from the experts at Agilie, and get closer to your success.

Get all the information on how to hire a development team to build a neobank from the experts at Agilie, and get closer to your success.

How To Hire A Development Team For Building A Neobank

Delve into the best security practices for neobanks to develop secure, trustworthy, and successful digital banking apps.

Delve into the best security practices for neobanks to develop secure, trustworthy, and successful digital banking apps.

Top Security Practices for Neobanking You Need to Know

Explore the future of blockchain technology in various industries, its transformative impacts, challenges, and potential in this article.&nbsp;

Explore the future of blockchain technology in various industries, its transformative impacts, challenges, and potential in this article. 

The Future of Blockchain: Trends and Predictions

Explore key blockchain technology trends and stay ahead in its innovation with insights and practical examples.

Explore key blockchain technology trends and stay ahead in its innovation with insights and practical examples.

Blockchain Tech Trends: How to Stay Ahead of the Curve

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>
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Blockchain is not just about Bitcoin; it is the technology that can transform different fields.&nbsp;
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<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.
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<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 blockchain can <a style="text-align: justify;" href="https://agilie.com/blog/enterprise-blockchain-development-how-businesses-derive-benefits" target="_blank" rel="noopener">improve their operations</a>.

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;
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

Discover how partnering with a specialized software development company can help your neobank scale efficiently and effectively.

Discover how partnering with a specialized software development company can help your neobank scale efficiently and effectively.