Munich-based bitcoin exchange software Draglet announced various new updates and changes on its platform in a move to increase the scope and scale of its operations, as reported by CoinTelegraph.

The platform has implemented a better pricing model and to include a new smart contract consulting service.

The new pricing model along with the existing modular features, provides a highly flexible system. It allows users to choose exactly the setup they need, without having to worry about overpaying for anything.

The company has dealt away with recurring operational costs, such as profit sharing or per-execution fee, leaving the yearly licensing cost that depends on the precise services selected by the customer. At present, there are two key options available that are hosted and download. Apart from this, there are also additional services available in the form of add-ons that includes increased liquidity, additional languages and coins for the exchange, a distributed shared order book, among others.

“The year 2016 brought established financial institutions and big players that are interested in creating their own Bitcoin/Blockchain infrastructure. There is no struggle with competition as our efficiency allows us to offer a similar product for only 1/10th of the pricing of our competitors,” Ganesh Jung, CEO of Draglet stated in an interview with CoinTelegraph.

Blockchain’s resilience, immutability, and efficiency can be advantageous in many business cases, and there are already tools out there which allow for Blockchain integration with relative ease, such as Ethereum, Lisk or Ardor. Draglet offers a new service ‘blockchain consulting’ to explore the feasibility of such blockchain integration with a great deal of technical expertise.

“Actually we did Blockchain consulting over two years now. We initially started with implementations on the Bitcoin Blockchain, as we have multiple customers that are using the Bitcoin Blockchain to issue and manage company assets, and now move toward Ethereum smart contracts. We already implemented a modified Ethereum for a customer and are making several proofs of concepts. We assume we can give you more detailed answers about the outcome next year,” Jung added.

Talking about other new features to look forward, Jung stated that the company has made ‘Merchant plug-in’, which is basically a BitPay for exchange and currency-agnostic. With this feature, it is possible to create own BitPay-like payment solution for any cryptocurrency that can be liquidated into any fiat currency, as long as the liquidity is available.