Am I the only one who have seen first glimpse of cryptocurrency revolution , by which we all are being exposed to blockchain – The network of Nodes . As a dApp development company , the concept of Blockchain has made itching in our hands to create decentralised application or dApps – A open source software totally based on Blockchain technology .
The market of decentralised blockchain is growing at fast pace , so is the blockchain based mobile application .
Given below are myriad of reasons of how dApps can be smartly used .
Benefits : The decentralised marketplace is fully secured marketplace which works on peer to peer network which simply means no single point of failure exist in this network . This concept can aid us in trading with cryptocurrency for goods and services , thereby not using any third party like PayPal , and customer can make the payment directly . Accounts are tied to cryptocurrency and hence you will get rid of your hold/transfer of money on your respective mercy of account holders .
The Idea : Blockchain open the new door for gaming industry as well . The blockchain ability to create social spaces and worlds are expanded to infinite level . Games like EVE Online has taken birth due to blockchain .Integrating concept of blockchain into a pre existing system can lower barrier of entry , thus increasing active player base . The dApps concept can give rise to gaming , gambling and much more which are yet to be explored .
Benefits : Games like Magic : The Gathering are build for trading with friends , but free time and team togetherness can act as a barrier for this concept to always work. So if you are planning to build your business on Blockchain concept , games like this are most profitable dApp , and plenty of improvement are yet to come , as the real big app to touch the sky is yet to come .
The Idea : We always had our majority of communication through use of messaging apps , in social media is playing a pillar role in communication . dApps are offering blockchain based messaging services .
The introduction of EtherTweets which is know to be decentralised version of Twitter with help you publish 160 character of message , but once the message has got published no body can remove or take it down expect the publisher . Accounts can also receive donation on Ether donation , which can influence user to stick with the platform .
Similarly Status.Im ( currently in beta version ) is a open source platform which act as a marketplace where anyone can list their dApp and a user can download the same .
The Benefit : Giving means to easily share and exchange coins together with freedom of sharing thoughts through social media , wherein no one can delete the post except the owner itself will surely be the future of social media .
The Idea : In Ethereum the value of the Ether fluctuates at fast scale , so you will necessarily need a place to keep the record of your coins . There are various ways of counting , but wallets will be requiring private keys to access your currency . The best wallet works across all the platforms and will facilitate you with inbuilt backup and restore facility .
For instance , CoinBase a digital platform on which we you buy and sell Bitcoin , Ethereum & Litecoin .
Benefits : Crypto wallet will gain its popularity , as cryptocurrency has already left its foot imprints in the market . There is no universal dApp per currency in the market and hence plenty of opportunity has yet to come in the market.
The true potential of dApp is yet to be seen , the best time to educate yourself about the concept of blockchain is now . So explore the world of Blockchain , and varieties of currencies which are available in the market . While dApp development companies won’t be able to replace any traditional app , but it’s easy to develop something new which will be know to be the future of app development , as none of the app have gained the huge popularity worldwide yet .
Winklix.com is also leading blockchain app development company based in India . Contact us now for your next big Blockchain based application .