The most successful Ethereum dApps

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One reason many experts think the Ethereum network has more potential for growth than other blockchain networks are dApps (decentralized applications). Dapps are software applications that run on a network and are not controlled by a centralized authority. Much excitement arises from the potential reliability of such technology because it is secured by a blockchain, thus making it more stable and harder to manipulate. Smart contracts backed by Ether can be included in the system. Allowing it to enforce its clauses and issue cryptocurrency tokens automatically. And this means that dapps have a potential to revolutionize most of established practices and industries. Whether this potential can come to reality, depends on factors like scalability of the network, quality of applications and their adoption rate.

This is a list of Ethereum dApps currently on the market:

Let’s try to have a closer look at some of the most popular and successful of them.

IDEX

The most popular decentralized exchange is IDEX, an exchange that does not rely on a central authority to store funds and allow trades. Users can trade between themselves Ethereum based tokens like Tronix, BNB, and OmiseGo. It stands out amongst other exchanges with the capability of trading in real time. Because it does not wait for the Ethereum network to process transactions before confirmation. Instead, smart contracts are used to process and enforce transactions, queuing them for transactions on the actual network in the order they were accepted.

DNN

Decentralized News Network distributes news that are verifiable and resistant to censorships. This dApp focuses on releasing factual information and eliminates biases with the help of a decentralized community. First, the writers generate and send in news content, which is then inspected by reviewers, and then the content is available for readers. Also, on each of these three steps, users earn tokens for their actions. Readers earn by suggesting topics and by finding errors in the published content. Reviewers get tokens for approved articles, and writers earn when an article gets published. Currently, DNN has over 300 writers, over 5,000 reviewers, and over 50,000 readers.

CryptoKitties

CryptoKitties is a game that allows users to breed, trade and collect unique and irreplaceable cats represented by ERC-721 tokens. In theory, such tokens could eventually represent any real asset, such as real estate or art. However, the game has attracted a lot of attention from players, imitators, investors, and non-users thanks to its initial popularity and by jamming the entire Ethereum network. Since its peak in December, its popularity has dropped down by almost 97 percent. We can argue about how decentralized this app is, as most users access it by one internet portal and it operates from a centralized database.

LocalEthereum

LocalEthereum is a peer-to-peer marketplace intended for buying and selling Ethereum tokens. Smart contracts are used to connect buyers and sellers to complete trades. A variety of mainstream methods can be used to make payments, including PayPal. The Ether is held in escrow until the transaction is confirmed. The dApp offers many advantages compared to centralized crypto exchanges. It has no access to users’ private keys, making it immune to typical hacks. I should point out that hacks on major smart contracts have occurred in the past as well.

Decentraland

Decentraland is a virtual reality where users can buy and sell virtual land with their ownership recorded securely on the blockchain. They also can improve and develop the land and monetize it accordingly. Some examples would be building a casino, underwater hotel or an educational enterprise. The game uses a custom Ethereum token called MANA, which can be used to make property deals and to buy content. Also, The dApp developers state that their product is limited only by their users’ imagination, promising soon to roll out custom items and even the ability to control the laws of physics.

There are a lot more exciting dApps on the Ethereum horizon, the main hindrance for their development is the high internal pricing, so-called gas fees. When the network is congested, the speed of transactions goes down, and the gas fees go up. The community is aware of this and steps are being taken for scaling up the network. Solidity, the programming language used for Ethereum, is gaining ground among developers, as more of them are looking for ways to create exciting dApps. From the middle of the last year, the number of dApps on the Ethereum blockchain has risen from 400 to almost 2000 currently, with this number expected to rise further, especially after a successful scaling.

Source:

https://goo.gl/qyw8kD
https://goo.gl/U5SKJY
https://goo.gl/wTyXdm
https://goo.gl/D6EBtv
https://goo.gl/ZaakNz
https://goo.gl/8btidg
https://goo.gl/YZJ341

Photo by David McBee from Pexels

Thursday morning crypto game exploration.

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As it was raining outside, and I had this warm and cozy feeling, it felt like I wanted to do something different today. I found a cool website that lists pretty much all the crypto-related games there is. 

The website is called cryptoandgamers.com. It doesn’t look like they have made a specific order, but it sure looks like many games.

The testing

Starting this off with CryptoKitties at the top. We all know what CryptoKitties is. That was the popular game that congested the Ethereum network at the end of last year. When it came out, it had a massive hype around it. Some of the CryptoKitties even cost around 120ETH, which is utterly incomprehensible to my mind. However, now during a bear market, the prices have slightly corrected, but still, you can find Kitties on sale for 100 ETH, but that’s more like a joke, I believe. From the overview, it looks like nothing much has changed since it came out, except a few exclusive cats. To me, this game is still something I don’t understand. How can someone pay money for a digital version of a cat and look at it as an investment – that the cat could be re-sellable. It’s just weird, but let it be. Some things in life are not worth understanding.

Then I jumped into various types of different genre games, like Crypto Baseball, for example. Sounds good, I already imagined how I’m going to play it, but nothing. “Page not found.”

Oh well, let’s look at other games like – CryptoFights. It looks like an exciting game. Powered by the Enjin platform, it is a 1 vs. 1 turn-based mobile fighting game, where you have to earn experience points to gain new levels. Sounds all good, we’re ready to play, but again the game hasn’t come out yet. It says that the game comes out during Q4 2018, which is now.

Moving on, hoping for at least one game that would work so that we could test it.

We tried EtherLeague, but that didn’t work as well, so we naturally moved on to the next one and whoala! DragonKing.io turned out to be working. It looks like it is a strategy game with role-playing game characteristics, but after registering, and watching a video on how to play, which by the way, didn’t explain much, we figured that it wasn’t worth our time. There were Ether and HitBTC bags flying around along with other players, but it wasn’t clear whether it that was in real-time or just an animation.

Next, we tried CryptoRome, which sounds like an ancient strategy game, and by the description, it sure did sound like that, but when we started playing it, all the hype narrowed, because it basically looks like a card game. You have to buy cards, that do different things, and it looks like the board game called Catan Universe. You have to collect resources, land, troops to get more territory.

I got tired of just wandering about websites that don’t work, so I decided to look at it from a different perspective. I went on dappradar.com and just checked out the most popular dApp games. The picture was clear – CryptoKitties, Ethermon, and MegaCryptoPolis were the top 3 crypto games that run on Ethereum blockchain. All three games have an average of around 300 users per 24h.

So the overall picture of the crypto game industry is kind of yet undeveloped. Most of the projects are only soon to come, and the ones working give you the feeling of incompleteness. Also, I believe that’s true! They are still in development, and mainstream blockchain games still are something new for the daily gamer. I think, mostly it’s because they just haven’t found out about blockchain technology or cryptocurrencies as a whole, and that might be the main reason why these games are not that popular.

Source:

https://www.cryptokitties.co
https://cryptofights.io
https://www.mlbcryptobaseball.com
https://etherleague.io
https://dragonking.io
https://www.cryptorome.io/
https://www.megacryptopolis.com
https://www.etheremon.com
https://dappradar.com

Photo by Canva.com