Decentralized Applications blockchain - Can DApp revive itself from the current loss of confidence? - PowerPoint PPT Presentation

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Decentralized Applications blockchain - Can DApp revive itself from the current loss of confidence?

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The Dapps is created on an Ethereum platform with a smart contract thereby ensuring an automated payment system. The blockchain ensures immutability, safety and security of the application. – PowerPoint PPT presentation

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Title: Decentralized Applications blockchain - Can DApp revive itself from the current loss of confidence?


1
Decentralized Applications Blockchain - Can DApp
revive itself from the current loss of
confidence?
2
  • DApps are the future of Blockchain and will
    revolutionize the App industry. However, to be
    honest, it has not lived up to the hype that was
    created.
  • The hype was garnered due to the rise of
    cryptokitties and applications to it. The
    slowdown of the DApps, with the death of
    cryptokitties is due to Ethereum gas prices.
    Overnight, people started selling their kitties.

3
  • In addition, there is a decrease in active users
    from over 14,000 to just over 500 in a couple of
    months. Thats a reduction of 96. Imagine losing
    96 of your customers due to factors beyond your
    control. The next question that arises.. Will
    moving to a platform like EOS help?
  • Moving to platforms like EOS, you may face
    similar challenges to Ethereum. You don't have
    influence over transaction fees or protocols
    changes.

4
  • If EOS adds transaction fees, you are forced to
    add the same, which might lead to situations
    similar to cryptokitties. Though the current
    DApps allow transactions using cryptocurrency
    with blockchain as a backbone, the real
    functionality is missing.
  • Complex decentralized applications must be used
    to transfer real-time data securely and encrypted
    to protect against attacks. This might sound
    crazy, however, only eight dapps out of 100
    DApps currently have more than 100 users
    interaction per day.

5
IIs this the problem of the application or
marketing of the application?
  • There are currently a number of challenges faced
    by DApps to achieve mass adoption, however, the
    fact remains that a decentralization seems to be
    the buzzword right now and applications on
    distributed ledgers propel the industries
    forward.
  • Applications with sensitive information like
    Dating, Matrimony and on-demand applications
    should be the first to adopt blockchain
    technology to secure their data.

6
  • Blockchain App Factory aims to solve these
    hurdles caused by Ethereum and EOS transaction
    fees by developing DApps on your own blockchain.
  • Though the decline of DApp is due to reducing
    prices of cryptocurrencies, it is important to
    understand that there are more benefits to a DApp
    development than a way to accept crypto-payments.

7
  • Although the current market looks gloomy for the
    cryptocurrency as well as DApps, the future is
    about using Blockchain Technology for the
    decentralization of applications.
  • Blockchain App Factorys additional layer of
    functionality such as real-time data collection
    will propel DApps ahead for a bright future.

8
  • To learn more about Dapps, Visit us at here
    https//www.blockchainappfactory.com/dapps-develop
    ment

9
Thank You
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