Decentralized Applications — dApps
How have dApps developed with blockchain technology?
The ASSEMBLE Protocol is a blockchain-based global point integration platform that exploits ASM utility tokens, whilst establishing a business ecosystem that can integrate, utilize existing points and miles with point providers, consumers and retailers.
Hello, readers! Today we’re going to take a look at dApps. These applications are part of what makes blockchain technology so interesting! It’s no longer just about cryptocurrency anymore, now we can play games, verify customer identities, track supply chains, and manage finances. Let’s take a deep dive into dApps, what they are, and how they can improve.
DApp
DApp stands for Decentralized Application, which refers to decentralized, distributed applications that operate on platforms such as Ethereum, Qtum, and EOS. It is also sometimes called a distributed app. If the dApp has a cryptocurrency that operates on the platform, is not called a coin but a token.
The Current State of dApps
- Currently, dApps in the game sector account for most of the transactions on major blockchains such as Ethereum, EOS, and Tron.
- Many game apps are also at the top of sales on Google Play and in Apple’s App Store. Further, due to how easy it is to cash in when using dApps, they are expected to remain bullish in the game field.
Cost issues due to slow speed and high usage
- In the early days of dApps, most of them were built on Ethereum. This caused gas prices to skyrocket as the blockchain wasn’t equipped for so much traffic. However, new blockchains are constantly being created, such as EOS and Tron, which can easily resolve the problem of high gas fees. Ethereum can only handle 20 transactions per second, while Tron can complete 2,000 transactions per second and EOS can perform an astonishing 4,000 transactions per second! This significantly increases the speed of transactions while keeping costs low.
User convenience issues
- Compared to traditional apps, the number of users for dApps is much smaller because the process of understanding blockchains and purchasing cryptocurrency is still not easy for most people. However, it is expected that the influx of users will increase as more people learn how to use blockchain technology.
- In fact, dApp developers answered that the small number of users (67%) and uncomfortable user experience (44%) were the biggest difficulties for them to overcome when developing dApps.
We hope that you found this information useful as you continue your blockchain journey. If you have some friends who are interested in dApps, share this article with them! The more people who are aware of dApps and their functionality, the further the technology can advance. Thanks for joining us today and see you next time!
