It all started with the implementation of Satoshi Nakamoto’s white paper in 2008. That epoch was termed as 1.0. was thought of just as a decentralized to make transactions. Soon after that, it was realized that technology could be explored for other diverse ventures as well like supply chain, banking, entertainment, data management and what not! was realized as 2.0 with smart contract capabilities which fulfilled the horizons of fitting into multiple industries.
3.0 is all about taking PoCs on 2.0 to a production-grade level.
3.0 strives to solve the current engineering issues that plague tech at the moment. Issues like scalability and adaptability put a question mark to its usability. Many projects are working relentlessly to push to a genuinely usable level. The future of Distributed Ledger Technologies (DLTs) is contingent upon interoperability of the ledgers, otherwise, each would stay siloed without any knowledge about what is happening beyond it. Bridging the gap between all the disparate, siloed chains is the need of the hour.
Remarkable research and engineering are put in by projects like Plasma, Polkadot, Cosmos, Loom Network, Raiden, Lightning Network, Infura, Pocket Network, QuikNode. Each of these projects is trying to use a different approach to solve the existing issues. Some are trying to achieve sharding; some are trying to employ sidechaining and off-chaining. Some are trying to automate infrastructure capabilities to run networks seamlessly.
Not only are the projects and protocols advancing, the development tools are also becoming more mature. Some development tools like Truffle, Geth, Parity, MetaMask, Web3.js, Solc, Embark, OpenZeppelin (the list goes on); the dApp ecosystem has come a very long way! The arcane development of Zero-Knowledge Proofs is made easy by ZoKrates (a toolbox for zkSNARKS on ). A lot of latest development tools is curated by QuikNode which can be found . ConsenSys also contributed a similar . The input has been so immense that projects and protocols which launched just over a year ago have started addressing issues on the ground level efficaciously.
This gives an overall impression that all contributions made in the sphere have empowered developers to stretch their legs to create applications quicker and with less friction than ever before, thereby generating value.
QuikNode has built the fastest and easiest way to run an node without the headache of infrastructure scaleup. Its platform enables developers to power and scale their dApps by providing reliable and high performance nodes. The idea of exposing node-as-a-service is captivating multiple projects and protocols over the world because it solves the problem of hardware scaling. The rationale behind such an approach is to go completely serverless with your network.
Multiple projects are leveraging the ease-of-use of QuikNode’s node-as-a-service like , , , , etc. Projects like , an open-source protocol to build decentralized exchanges, has given way to applications like . , a decentralized bank, and also the team behind and , too have built their applications using “2.0” protocols like (pioneers of the $DAI stablecoin).
The following data establishes the expansion and progress of the dApp ecosystem:
Other platforms like are a single-stop resource for keeping up with the most recent dApps across , , Steem, and .
Published at Sun, 10 Feb 2019 17:12:58 +0000
