Dapps

A Dapp is a next level in technological innovation. A Decentralized application is a platform that connects two or more parties without the need for any arbitration. This is achieved through the help of a blockchain (that forms the infrastructure) and Smart Contracts (because they bind the parties together). Decentralized Applications or Dapps, are taking the world by storm. In the book Blockchain Revolution, the authors Don and Alex Tapscott argue that traditional centralized applications like Uber, Facebook, and Airbnb can quite…

"New Economy Movement," or NEM, was created as an NXT fork. It was launched in the summer of 2014, before the stable platform release at the end of the 1st quarter of 2015. Around that time, it transformed into a completely new codebase following the eventual dismissal of the NXT fork. As a result, NEM's blockchain technology is sometimes referred to as a Smart Asset System and is considered the world's first Smart Asset blockchain. NEM is the Smart Asset…

According to the founder and CEO of Tron, Justin Sun, there are now 6 million addresses on the Tron network. This notable milestone is due to the increasing number of dApps developed on the network which has become 768 as at last week. https://twitter.com/justinsuntron/status/1266293187645071360 In 2020, the decentralized blockchain network recorded a remarkable increase in use, in spite of its falling market capitalization. As revealed by data from blockchain explorer Tronscan, the number of new addresses created on the network has been…

As you probably know, Dapps, or decentralized applications, are a part of the Smart Contracts ecosystem. Dapps aren't much deviant from general applications on the Internet today, differing only in their ability to act autonomously. In late 2017, the Tron Project was built as a protocol for creating and executing real-world smart contracts, rivaling the spearhead of the time - Ethereum. It is commendable to note that to compete with the biggest platform for smart Contracts - Ethereum, Tron initially…

What Does Ethereum Do That Other Platforms Can’t? Dapps, or decentralized applications, are a part of the whole Smart Contracts ecosystem. Running dapps on the general-purpose, multi-faceted Ethereum blockchain offers added security benefits. Since the transactions are distributed and encrypted across the Ethereum blockchain, there is no central place for a hacker to breach and gain access. It is unanimously considered that Ethereum is perhaps the best platform for building dApps. Thanks to its very own language, Solidity, this enables developers…

The General Protocols startup has been able to raise over $1 million in a seed funding round. It is now working on the development of its Decentralized Finance (DeFi) on Bitcoin Cash (BCH). This funding round enables the team based in Singapore to come up with their flagship product AnyHedge on Bitcoin Cash. As an open source derivatives tool, Anyhedge allows the creation of new markets with smart contracts when embedded by exchanges and OTC desks. The investors that provided…

Blockchain technology has been around for more than a decade now. This Innovative technology has been the underlying force for many developments, including cryptocurrencies. Recently, experts in the tech field have been looking for ways to incorporate blockchain in different industries. As a result, there have been several groundbreaking inventions, and crypto phones are the latest additions.  Crypto phones only recently came into the crypto space. However, several handsets with significant-tech players are already joining the recent craze. So, what…

Students doing Masters in Blockchain networks at the University of Malta are currently using the University's dApp to vote for student reps. According to their recent reports, this is the first instance that students use blockchain for voting. This dApp solution is centered on a blockchain digital identity platform, a product of Vodafone. It has super-advanced privacy features as a voting platform, and the students can fully take control of all their data without fearing an outsider's eye.  This blockchain-centered…

Following its inception, several market analysts believed that TRON (TRX) would be the biggest threat to the Ethereum ecosystem. That call might have been premature, for the Tron ecosystem lacks a key defining feature for Ethereum, a vibrant Decentralized Finance (DeFi) apps scene. DeFi Vibrancy DeFi is positioned as an indispensable feature for Ethereum, with the buzz in the blockchain's ecosystem affirming this. About $600 million was locked up in DeFi by 11th December 2019, already a 200% growth from…