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

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

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

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  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. That’s 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 Factory’s 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-development

  9. Thank You

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