MixBytes

Blockchain Development On-Demand

5.0 12 Reviews
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We meet your business needs and know how to take your project to the next level. We stay on the cutting edge of each service we provide, from blockchain and DApp development to consulting and advisory services.
Our team of professionals will guide you through blockchain adoption and integration whether you are a newbie or an expert.  

NA
10 - 49
2017
Locations
UAE
King Salman Bin Abdulaziz Al Saud Street, Dubai, Dubai 8761
89264141584

Focus Areas

Service Focus

100%
  • Blockchain Technology

Client Focus

80%
20%
  • Small Business
  • Medium Business

Industry Focus

60%
25%
15%
  • Information Technology
  • Financial & Payments
  • Gambling

MixBytes Executive Interview

Vadim Buyanov
Vadim Buyanov
CEO
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Please introduce your company and give a brief about your role within the company?
MixBytes is a team of blockchain developers, auditors and analysts keen on decentralized systems. We build open-source solutions, smart contracts, and blockchain protocols, perform security audits, work on benchmarking and software testing solutions, consult universities and enterprises, do research, publish articles and documentation.
How does your company differentiate itself from the competition?
Initially, we have been focusing on blockchain development and security audits. We are a niche DLT market provider and believe that this is our main advantage. Together with proven expertise, this is what distinguishes us among colleagues.
What industries do you generally cater to? Are your customers repetitive? If yes, what ratio of clients has been repetitive to you?
Our customers are from different spheres. These companies consider blockchain technology to improve their business processes and prioritize product security and prefer to have the code audited before its (main net) release. Our most repetitive clients are primarily representatives of the fintech sector and the so-called sphere of decentralized finance (DeFi) - one of the most promising niches in blockchain development.
Please share some of the services that you offer for which clients approach you the most for?
Since we specialize in blockchain development, our services are mainly related to research and development of decentralized protocols and their adaptation to specific business cases in finance, gambling, supply chain and other industries. Blockchain R&D aims to find the best solution that will help increase the efficiency of business processes and reduce operational costs. Another critical service is security audits of smart contracts and decentralized protocols. If audited projects involve financial assets, finding a security vulnerability becomes crucial. Our main task here is to eliminate security threats and risks that may undermine a safe project launch.
Which platform do you prefer to use when developing a blockchain application? Why?
We use Ethereum for development of public blockchain solutions, as it has a developed community and a proven track record of working solutions. We also use EOS as one of the fastest operating blockchains at the moment. It supports many internal algorithm customizations and has a rich and versatile smart contract system. We build on Substrate Polkadot as well. It is a framework for creating customizable blockchains and organizing data exchange between them. It supports a maximum number of customizations in all blockchain modules: cryptography, consensus, contracts, additional logic. We also developed our open-source framework called Haya. This solution is based on the EOS blockchain and has a list of other capabilities that extend its functionality.
What tech stack and tools do your developers use?
Our stack is based on the above-mentioned platforms, namely Solidity, C ++, Rust, JS, WebAssembly, Python, TypeScript, Java. As for blockchain development and security auditing, we use Infura, Truffle, Geth, Embark, Ganache, Mythril, Slither.
Are open-source, decentralized protocols going to be more significant than their web equivalent?
Definitely. Safe management of private data, immutability, and transaction traceability are areas in which decentralized protocols can demonstrate real value compared to classic web applications. Open-source software is an integral part of the upcoming WEB 3.0, which promises a global paradigm shift in communications between companies and users.
What scalability and throughput challenges are there with blockchain? What solutions would you suggest?
Indeed, blockchain scalability and bandwidth issues are now among the ones that prevent its mass adoption. However, leading blockchain vendors, including Ethereum and other teams, are actively developing solutions to handle these problems. These are the so-called L2 solutions, mainly focused on sharding. In a nutshell, sharding helps to divide transactions into "fragments." Each node in the network doesn't process the entire block, but its components. This allows you to process transactions faster and scales the network. Several new "scalability-priority" blockchains are also being developed. They serve users and developers as more scalable payment networks (Bitcoin Cash, Algorand) and platforms for decentralized applications (Cosmos, Polkadot, Dfinity). Though these projects are at the initial development level, they establish a fundamentally new scalable network architecture and look quite promising.
Will the success rate of ICOs be better or worse than tech startups?
The era of ICO and fast money ended in 2017. Few technological startups that develop low-level solutions and protocols aimed to solve the current scalability problems still have a chance to raise funds through IEO (Initial Exchange Offering). It is said that more than75% of all the ICOs did not deliver anything and thereby damaged the reputation of the industry itself. From this point of view, traditional venture financing is perhaps more fair, since it imposes the responsibility of startup founders on investors. On the other hand, the very approach of decentralized retail investment attraction through the issuance of tokens seems promising and innovative, as it gives a wide range of people an opportunity to join a venture capital market.
What are the key factors that you consider before deciding the cost of a project?
Estimation depends on the planned labor costs (time) of the development team and solution complexity. The more innovative the project is, the more time will be spent on design and implementation, the higher the price. As of security audit pricing, we usually take into account source code volume, its complexity, and the presence of dependencies with other source codes.
What kind of payment structure do you follow to bill your clients?
All depends on the service itself. If we are talking about R&D, we use the T&M (time and materials), model. For dApp development, we make an estimate based on the planned labor costs (hours and days), client specification and necessary stack. Security audit rates are mainly based on the amount of source code. In most cases, we divide the payment into parts: an advance payment at the beginning and a post-payment upon delivery of a product or service.
What is the price range (min and max) of the projects that you catered to in 2018?
Blockchain R&D and technology consulting services ranged from $5,000 to $20,000;
Custom blockchain development ranged from $10,000 to $200,000;
Security audit of smart contracts and protocols ranged from $1,500 to $30,000.

MixBytes Reviews

5.0 12 Reviews
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Brett Sun

Solidity smart contract audit for Aragon One's voting connectors

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  • Quality
  • Schedule & Timing
  • Communication
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Project Detail

$0 to $10000

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Review Summary

MixBytes was extremely professional and responsive throughout our entire auditing engagement.

We were under a tight deadline to audit a few smart contracts right before the holiday season but Darya, Alexey, and the entire team at MixBytes were able to accommodate our needs and delivered an interim report earlier than expected to help us evaluate and expedite changes.

The audit itself was well-prepared and came with valuable suggestions. It helped us build confidence in the security of the contracts we wrote, knowing that an independent set of eyes were helping spot bugs and vulnerabilities.

What service was provided as part of the project?

Blockchain Technology

What is it about the company that you appreciate the most?

Responsiveness!

What was it about the company that you didn't like which they should do better?

Having contracts and scopes of work documents pre-prepared, since this is usually given from the side of the auditors not the auditees.

Yalda Mousavinia

Smart contract audit for Open Enterprise: a suite of Aragon applications running on Ethereum

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  • Schedule & Timing
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Project Detail

$10001 to $50000

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Review Summary

MixBytes were able to take on auditing the smart contracts for our Ethereum applications on short notice and were able to provide us with a schedule that was aligned with our priorities. They were timely, professional, and courteous. We contracted them first to audit 7 smart contracts, and then we came back to them for another audit for another 3 contracts. They helped identify some vulnerabilities that we were able to resolve before releasing our applications to production. We highly recommend them and plan to continue to work with them for future audits.

What service was provided as part of the project?

Blockchain Technology

What is it about the company that you appreciate the most?

Timeliness and breadth of knowledge and expertise

William Griffiths

Solidity Smart Contract Audit for Small Aragon Apps

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  • Quality
  • Schedule & Timing
  • Communication
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Project Detail

$0 to $10000

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Review Summary

We required a professional audit for some fairly small Aragon apps. The audit provided comprehensive suggestions which we modified the code to adjust for. We had direct communication with the developers doing the audit so could further discuss some of the suggestions. It was a reliable and efficient experience.

What service was provided as part of the project?

Blockchain Technology

Danila Chestnykh

Ethereum smart contract security audit

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  • Quality
  • Schedule & Timing
  • Communication
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Project Detail

$0 to $10000

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Review Summary

The source code of our Solidity smart contract needed an additional security assessment by the 3rd party. As an independent auditor, we chose the Mixbytes team. According to the results of the audit report, we got and implemented a number of useful improvements and are now fully confident in the reliability of our smart contract and its compliance with the best practices.

What service was provided as part of the project?

Blockchain Technology

What is it about the company that you appreciate the most?

Speed and quality of service

What was it about the company that you didn't like which they should do better?

Everything is ok

Yuri Vasilchikov

Multi-Chain Smart Contracts Management System development

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  • Schedule & Timing
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Project Detail

$200000+

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Review Summary

MixBytes team developed a Multi-Chain Smart Contract Management System to configure, deploy and manage smart contracts without specific programming skills.
The platform has 19 most common smart contracts types launched almost 3,000 times.

What service was provided as part of the project?

Blockchain Technology

What is it about the company that you appreciate the most?

Well-coordinated team of professionals, able to deliver a high quality product

What was it about the company that you didn't like which they should do better?

The price could have been a little lower ;)

Dmitriy Nazarov

Blockchain development for the decentralized gambling industry

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  • Schedule & Timing
  • Communication
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Project Detail

$50001 to $200000

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Review Summary

MixBytes participates in developing the DAO.Casino blockchain core that includes such crucial features as finality and random number generation. All this will ensure high performance, low latency and much more for the gambling 3.0 industry.

What service was provided as part of the project?

Blockchain Technology

What is it about the company that you appreciate the most?

In-depth expertise in low-level blockchain development and random number generation research

What was it about the company that you didn't like which they should do better?

Everything is ok

Denis Kaizer

Token smart contract security audit

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Review Summary

MixBytes checked our token smart contracts for possible errors and vulnerabilities. Although overall code quality was fine, they suggested corrections and code optimization solutions.
It was nice doing business with these guys, they are professionals.

What service was provided as part of the project?

Blockchain Technology

Josef Sevcik

Smart contract security audit

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Review Summary

MixBytes team performed an audit of our smart contract codebase to identify possible vulnerabilities and logic inconsistencies. After all flaws were eliminated, our project became even more secure and well-structured. These guys demonstrated their expertise in practice and confirmed their professionalism.

What service was provided as part of the project?

Blockchain Technology

What is it about the company that you appreciate the most?

Flexibility, and high level of technical competence

What was it about the company that you didn't like which they should do better?

Nothing in particular

Andrew Kononykhin

Blockchain consulting services from MixBytes

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  • Schedule & Timing
  • Communication
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Project Detail

$0 to $10000

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Review Summary

Introduce developers and company management into blockchain technologies, including operating principles. Advise internal developers on the issues related to the development of DApps, blockchain services, wallets and DEX. Clarification of all current questions.

What service was provided as part of the project?

Blockchain Technology

What is it about the company that you appreciate the most?

The guys are experts in their field, deeply versed in blockchain technologies and following all the most up-to-date development trends in this area. They disassemble cases in a very detailed and comprehensible manner, offering optimal solutions to solve the tasks.

What was it about the company that you didn't like which they should do better?

In general, everything is fine.

Ivan Golovko

LTO Network Smart Contract

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Review Summary

We needed a token and a smart contract code review to verify potential vulnerabilities. Despite our complex approach, the MixBytes team quickly explained us all the points we needed to fix, and the sale was conducted without any problems. Great work!

What service was provided as part of the project?

IT Services, Blockchain Technology

Konstantin Lomashuk

MixBytes Team delivered us a high-quality service

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  • Communication
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Project Detail

$10001 to $50000

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Review Summary

We needed an expert team for PolkaDot node deployment and for overall technical security audit and consulting of our project P2P Validator. MixBytes team was chosen thanks to their huge expertise and reputation in the field of blockchain consulting and development. We are fully satisfied with the cooperation.

What service was provided as part of the project?

Blockchain Technology

What is it about the company that you appreciate the most?

In-depth knowledge in the blockchain, cryptography and decentralized applications design. Close communications throughout the project flow.

What was it about the company that you didn't like which they should do better?

Everything seems to be ok

Evgeniy Popov

Reliable partner

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Review Summary

Excellent work at our smart contracts development!

COO Storiqa, Evgeniy Popov

What service was provided as part of the project?

Software Development