Decentralized Applications

One of the major innovations that blockchain technology has brought to the table, besides the public ledger and cryptocurrency, is the creation of Decentralized Applications (DAPPs). While there is no single definition for DAPPs there are some key characteristics that many, if not all, DAPPs have: Open-source, Decentralized and Incentivized.

Mainly DAPPs are run on decentralized P2P networks rather than on a single computer. Think of Bittorent and Tor for p2p networks and Augur and cryptokitties as DAPPs. The largest and most advanced blockchain that allows developers to build DAPPs on is Ethereum. Ethereums very whitepaper states clearly that it intends to be a clearinghouse for DAPPs providing developers with a language, Solidity, and allowing developers to create smart contracts using the Ethereum Virtual Machine (EVM).

With that being said it’s hard to keep track of all the new and existing DAPPs that are out there, and even harder to review or analyze the popular and most used DAPPs. The crew over at DappRadar is trying to make that easier for us.

What is DappRadar?

Essentially DappRadar is a site that does the hard work of follwing all the available DAPPs our there and providing insights and information into them. In other words, it’s pretty handy. As more and more blockchain mainnet launches happening this year the amount of DAPPs developed will increase dramatically. You can also filter by category such as casino, games, etc.

According to DappRadar, and perhaps no surprise to many, CryptoKitties continues to be the top decentralized game heap, even if it isn’t crashing the etherum network anymore. With an eyewatering 21k transactions in the pat  7days it far eclipses its nearest competitor Ethermon (I personally prefer the Ethermon to the kitties, sue me). But it’s amazing, and promising, to see that DAPPs are being used. It’s not all just smoke.

What’s fascinating about this resource is we can explore DAPPs we never heard of before. The amount of collectibles DAPPs is crazy, in my opinion, trying to capitalize on the CryptoKitties craze. But other cools DAPPs exist like CryptoStrikkers where you can buy and sell rare and beautiful sports trading cards or the John Orion Young DAPP where you can buy art from non other than…John Orion Young.

 

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Interested in other cool crypto posts….check out Lightning Network: How far away is it?and Bitcoin ETF approval could be huge for crypto!.