Dapp Development Frameworks

What are dApps? You can understand this interesting review with cryptocurrency exchange development services.

Plunging into the world of blockchain, we are constantly looking for optimal solutions. Where to buy cryptocurrency? How to trade cryptocurrency? Which cryptocurrency exchange will be optimal for our requests. And, finally, which type of applications to choose to get the maximum benefit.

One of the most exciting areas in the blockchain industry today is decentralized applications (DApps). DApps are applications, tools or programs that are in the center of attention now. There are two main key components. Although the front-end is similar to traditional applications. The back-end is built on the Ethereum blockchain. The connection between the front-end and the back-end is the same as in other applications. The difference will not be visible for the end user.

To search for decentralized applications, marketplaces are created that can be integrated into various platforms or even wallets with https://unicsoft.com/blockchain-development/supply-chain/.

Picture 1 of Dapp Development Frameworks

What platforms are used for dApps development?

In most cases, these are Ethereum, EOS and Tron. Now this market is quite competitive, so you can find more interesting platforms on it (QTUM, Stratis, etc.).

Currently, 29% of all decentralized applications are based on Ethereum. Almost 50% of dApps are built on EOS and 20% on Tron. It's worth noting that Tron's share is growing every month as users need the fastest application performance, security and usability. Tron itself is guided by these criteria.

However, EOS can offer a blockchain solution with a higher throughput (6000 tr / s), a more convenient tool for working with smart contracts, and many other possibilities. At the same time, Ethereum dApps remain the least vulnerable and more flexible in terms of development.

How dApps affect the cryptocurrency market?

Decentralized apps are attractive because of the potential for monetization. There are only three options:

1. Performing certain actions in the application with payment in tokens;
2. Mining;
3. ICO.

If dApps are attractive and, most importantly, in demand in the market, then the price of the token will grow. And growth, as we know, attracts even more users. It turns out that applications can evolve due to the following factors:

1. Demand;
2. Investment attractiveness of the native token;
3. Unprecedented security.

The combination of these three factors is capable of driving the development of dApps in the crypto industry. Blockchain applications are developed by traditional companies. For example, Microsoft, IBM. They are practically of no interest to crypto market participants than decentralized ones.

Decentralized applications have emerged with unique characteristics. They enable them to become self-sustaining resources. They allow stakeholders to invest in their development. Based on the popularity of such applications, it can be predicted that DApps for different purposes. These are such as payments, storage, cloud computing, etc. They will eventually outnumber traditional applications currently available. Many existing methods will become obsolete as the use of blockchain becomes inevitable. Although at present this may seem far-fetched. Services such as banking will no doubt embrace blockchain in the near future. They operate on unreliable, self-sustaining and decentralized networks. This is seen by large companies seeking to secure a place in the blockchain ecosystem in this way.

Let's summarize

If new, more scalable platforms for creating dApps appear on the market, then there is a high probability of their proliferation in the long term. It should not be ruled out that it is application tokens that will occupy the lion's share of the market. The popularity of dApps can be seen already now. And not only in the crypto market. But also in traditional markets, from finance to logistics.

Kareem Winters

Update 23 October 2021