Crypto Hedge Fund Partner Says Decentralized Exchanges (DEX) are the Key to Dapps 2019 Growth

2019-1-10 21:24

With over 2,400 Decentralized Applications in existence, Dapps are all the rage now. From games, gambling, finance, property to storage, identity, energy and media, Dapps have covered a wide range of categories.

The Dapp ecosystem is growing progressively as evident from the fact that it has close to 65k daily active users and registered about 1.6 million transactions in the past 24-hours. Experiencing a major growth, 2018 saw a constant rise in the number of Dapps as per the statistics provided by stateofthedapps.com.

Source: https://www.stateofthedapps.com/stats

When it comes to platforms, Ethereum (ETH), the 2nd largest cryptocurrency with a market cap of $15 billion along with EOS and POA are the platforms the majority of Dapps are built on. Tron (TRX) is another platform in the race which is aggressively targeting Dapps.

Though the Dapp users in itself are growing, when it comes to big platforms that have billion dollar market capitalization like Ethereum and EOS, the numbers in thousands have yet to do any justice. This brings the point home that Dapps are still a long way from mainstream adoption.

However, one class of Dapps that are gaining increasing attention and something to be excited about is decentralized exchanges.

DEX to Drive Crypto Adoption & Dapp Development

Decentralized exchanges (DEX) are built on a blockchain that allows for the peer-to-peer trading of tokens that are native of that blockchain. As for how it actually works, the users have to just connect their crypto wallets to the DEX in order to interact with its smart contract.

This process eliminates the third party by automatically matching, verifying, and executing the trades. Ethereum, EOS, and NEO blockchain have been popular platforms to build DEXs.

A decentralization exchange is a dapp that facilitates payments and liquidity while potentially having more functions. For instance, in a gaming Dapp, DEX acts as a swap service by allowing its participants to pay with not just native token but any of the supported ERC20 token. This creates a seamless experience for users while allowing the adoption of overall Dapp ecosystem.

Furthermore, as a liquidity provider, DEX allows the fund managers to swap different assets with just a click which offers the convenience to make instant trades on their investments.

The fact that decentralized exchanges allow users to have full control over their funds and allowing them to use the funds in a peer to peer manner by leveraging non-custodial wallets, DEXs will be integral to the growth of the crypto market. Moreover, with big names like Binance, the biggest crypto exchange planning its own DEX, decentralized exchanges just can’t be ignored.

DEXs will drive the adoption of cryptocurrencies, there is no doubt about that but due to being in its initial phase, having being used by a niche audience that is, it would take time.

But as we move forward, the technology in use here, blockchain has a significant role to play in the tech market.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Decentralized Machine Learning (DML) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0024292 (-100%)

dapps decentralized dapp ecosystem progressively growing covered

Источник: bitcoinexchangeguide.com

dapps decentralized → Результатов: 126


Marconi (Macro Token): Smart Ethernet Blockchain Dapps Protocol?

What Is Marconi? The Marconi protocol is one that has been designed all the way to the Ethernet level. In addition to this, the protocol is also in a good position to power a decentralized network. This is the same stack that is responsible for providing upgradability, privacy, net neutrality, and security. Marconi Smart Ethernet Blockchain […]

2018-8-4 10:16


Lambda ICO

Lambda is a fast, safe, and scalable blockchain infrastructure project, which provides decentralized applications (DAPPs) data storage capabilities with unlimited scalability and fulfills services such as multi-chain data co-storage, cross-chain data management, data privacy protection, Proof of Recoverability of data (POR), Provable Data Possession (PDP), and distributed intelligent computing through logic decoupling and independent implementation of Lambda Chain and Lambda DB.

2018-7-26 09:53


Фото:

MetaMask Google Extension Suddenly Gets Dropped From The Chrome Store

As per a tweet from the official MetaMask team, its popular Ethereum interfacing application was suddenly removed from the Google Chrome web store. For the uninitiated, MetaMask is an innovative plugin that allows its users to run and interact with Ethereum decentralized applications (DApps), requiring nothing but your browser and an internet connection.

2018-7-26 21:12


Who is the King of the Ethereum Decentralized Apps ? Two shameful Pyramid Ponzi Schemes

Two ‘self-sustaining’ pyramid schemes briefly became the most popular decentralized apps (DApps) on Ethereum this week. It describes itself simply as “the original autonomous pyramid, improved.” ‘Consider The Alternative’ Pyramids The sheer amount of interest in the schemes would usually be unlikely to see support from cryptocurrency proponents. https://t.co/fRizFx9CxK — JP Koning (@jp_koning) July 22,

2018-7-24 19:37


Фото:

Who’s King Of The Ethereum DApps? Two Self-Confessed Pyramid Schemes

Two ‘self-sustaining’ pyramid schemes briefly became the most popular decentralized apps (DApps) on Ethereum this week. Money Pours Into ‘Fomo3D’ and ‘PoWH’ Data from monitoring site DappRadar shows Fomo3D and PoWH 3D held the number one and number two spots among DApps July 22, pushing the highest-placed ‘legitimate’ offering – decentralized exchange IDEX – into third place.

2018-7-24 14:00


Фото:

When Smart Contracts Act Stupid: Is Your ICO Smart Contract Safe & Secure?

The potential inherent in smart contracts is immense. The nascent technology may be used for identity verification, secure data sharing, and for the management of tokens and raised funds in an initial coin offering/token sale – but just how clever are your smart contracts? The Ethereum network boasts more than 1500 decentralized applications (dApps), all of which make use of smart contracts to accomplish a wide variety of tasks.

2018-7-24 03:00


HyperionX ICO

Hyperion is a community driven space, where an organic self sufficient ecosystem is created. It includes a decentralized market place with rewards for watching ads and completing surveys, as well as a foolproof tipping tool, designed to inspire good will and stimulate content and transactions.

2018-7-16 21:37


В Берлине пройдёт глобальная конференция DappCon

19-20 июля в столице Германии — Берлине пройдёт Developer Conference for Ethereum Dapps & Infrastructure DappCon Berlin, Germany Postbahnhof Str. der Pariser Kommune 8, Berlin, Germany Описание: DappCon is a nonprofit global developer conference focusing on decentralized applications, tooling, and foundational infrastructure on Ethereum.

2018-7-13 10:34


Фото:

Japan’s Module Platform Offers Users the Chance to Earn Cryptocurrency with Their Gadgets

The company has already collected more than $2 million through a private sale of its coins. This is not surprising, as this platform has the potential to turn the cryptocurrency market on its head in several different ways: secure mining, storage of a large amount of data using gadgets around the world, and financing of blockchain through the creation and development of decentralized applications (DApps).

2018-7-5 20:00


Фото:

South Korea legitimizes Blackheine business with major new classification standards

The South Korean government is drafting major new industry classification standards for the domestic blockchain industry, local crypto news outlet The BChain reports Thursday, July 5. The scheme will reportedly serve as a basis for policy making, notably aimed towards “blockchain promotion and regulatory frameworks,” and covers areas including blockchain systems construction, decentralized applications (DApps)

2018-7-5 19:23


Фото:

Perlin Code Review: Avalanche DAG

Perlin code review, enjoy it while it lasts because I have two projects on my plate right now that I’m probably not going to like at all. So what is this thing, anyway? Decentralized computing, good but lots of it around, scaling for dApps, good but lots of it around, privacy as well, good but […] The post Perlin Code Review: Avalanche DAG appeared first on Crypto Briefing.

2018-6-21 23:22


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Maker whale activity surges by 1400% - Time for MKR's price to break out?

Large transaction volumes for Maker rose by over 1,400% in just two days  Despite rising whale activity, technical indicators and on-chain metrics flashed mixed signals for MKR  Maker (MKRThe post Maker whale activity surges by 1400% - Time for MKR's price to break out? appeared first on AMBCrypto.

Is Ethereum set to outperform Bitcoin? Key data suggests...

Analysts predicted that Ethereum could outperform Bitcoin due to key indicators. Ethereum spot ETF inflows and ascending price channels indicated potential price targets up to $10,000. EtherThe post Is Ethereum set to outperform Bitcoin? Key data suggests... appeared first on AMBCrypto.

QNT's latest breakout can push altcoin's price to THIS level...

QNT's breakout from its descending trendline and bullish indicators signaled potential gains to $229 On-chain metrics and declining exchange reserves highlighted growing demand and reduced sellThe post QNT's latest breakout can push altcoin's price to THIS level... appeared first on AMBCrypto.

XRP's $1 at risk? As trading volume drops 77%, concerns rise

XRP's $1 milestone seemed uncertain, as daily active addresses declined significantly. Ripple's trading volume dropped from almost $3 billion to around $207 million. After months of consolidThe post XRP's $1 at risk? As trading volume drops 77%, concerns rise appeared first on AMBCrypto.

NEAR rallies 12% in 7 days: Is $8 on the cards?

NEAR traded at $5.79 at press time, gaining 12% in seven days with $712M daily trading volume and $7B market cap. Futures Open Interest dropped 5% while TVL hit $260M, signaling steady ecosysteThe post NEAR rallies 12% in 7 days: Is $8 on the cards? appeared first on AMBCrypto.

TRON's USDT dominance - Here's what that means for TRX's price

TRX recorded gains of over 26.17% in the last 30 days TRON's USDT weekly volume surpassed 150 billion - A sign of strong adoption TRON, at the time of writing, was valued at $0.1986 with a mThe post TRON's USDT dominance - Here's what that means for TRX's price appeared first on AMBCrypto.

CVX crypto soars 20% in 24 hours - Is $5 the next target?

CVX crypto pumped 83% on the 19th of November; will the uptrend continue?  A notable whale could have triggered the wild upswing, per an analytics firm.  Convex Finance’s native token, CThe post CVX crypto soars 20% in 24 hours - Is $5 the next target? appeared first on AMBCrypto.