The Dapp’s space explosive growth is just beginning to happen. However, the UX and UIs for most Dapps is still in the paleolithic era. Despite their rough edges, we have tried to select ten, we played it safe, Dapps that we believe are worth using now.
Imagine Dapps are mobile apps, but running in a safe anonymous cloud. Will this be the future of our applications? Can we compare the state of Dapps now to where the first mobile apps where when the iPhone was launched?
We think our readers should make their own opinions. I think we all would benefit from interacting with some of these Dapps now. Perhaps by using these Dapps one of our readers will get the next billion-dollar idea for the next Dapp.
Q1 2019 dapp market report by DAPP.com gave data about the four mainstream platforms- Ethereum, EOS, Steem, and TRON. In the first quarter in 2019, a total of 504 Dapps were added to Dapp.com, with Ethereum-based DApps dominating and accounting for more than half of the newly listed Dapps. The table given below shows the DApp market summary as per each blockchain.
The DApp market can be categorized as follows:
List of Top 10 Most Useful and Active DApps
DApps have bought a huge change in the world of blockchain technology. Given below is the list of useful and active DApps:
LivePeer is an application that was launched in 2017 by Doug Petkanics and Eric Tang. Developers use it for adding live or on-demand videos for their projects. The main aim of LivePeer is to increase video streaming and reduce its scaling cost. The increasing demand for live streaming among consumers for entertainment and news has contributed to the growth of LivePeer. LivePeer aims to reduce the price of transactions by the use of crypto-economic incentive mechanisms.
SpankChain is an adult entertainment ecosystem powered by blockchain technology. It is built by using the concept of Ethereum. The platform provides complete privacy by eliminating third-party intermediaries through the use of smart contacts. SpankChain has given a new meaning to the world of DApps. In 2017, SpankChain raised $6 million in an initial coin offering (ICO). Though the $40,000 hacking of SpankChain raised concerns, it was more of a technical glitch in the payments channel as compared to the core product. The application has been hailed as a revolutionary economic and technological platform for the adult industry.
Votechain is a decentralized voting system leveraging the concept of blockchain. The voting system aims to reduce fraud during voting and improves the voting procedure by implementing a hybrid of both physical and digital blockchain voting options. The creators made the app in response to suspected voting fraud during Mexican elections last year. This application will provide the users with the facility to vote from their mobile phones.
Ethlance is a job market platform built entirely on a blockchain. Ethlance can be accessed by anyone as its database is distributed on the Ethereum public blockchain and the source files are on IPFS. The platform uses cryptocurrencies for payments. Ethlance does not charge any fees, and the whole amount paid by the employer is passed on to the freelancer. The participants only cost is gas for transacting on the network.
MTonomy is a DApp that offers secure blockchain infrastructure to license, distribute, and monetize digital media content such as movies, music, and books. MTonomy offers rights and content management services for content owners, distributors, and service providers, as well as the leading cryptocurrency-based VOD application for consumers. In simpler words, it is a streaming platform for crypto users.
MetaMask is a kind of bridge that allows the user to run Ehereum DApps directly in the browser without running a full Ethereum node. MetaMask, with its secure identity wall, provides the user with an interface to manage their identities on different sites and sign blockchain transactions. The MetaMask add-on can be used in Chrome, Firefox, and Opera.
CryptoKitties is a (very popular) game based on breedable, collectable, and adorable creatures called CryptoKitties. CryptoKitties, has received $12 million in funding from investors led by venture capital firm Andreessen Horowitz and Union Square Ventures. Each cat is one-of-a-kind and 100% owned by you; it cannot be replicated, taken away, or destroyed.
Tweed (dot) social is a social networking platform powered by Ethereum. It allows its users to enjoy social networking without ads, data intrusions, spam, and other interruptions. It is looking to disrupt Facebook, and power users take back control of their privacy and data.
My CryptoHeroes is an RPG battle game that is built on the Ethereum blockchain. The game is played with historically inspired heroes; you can go on quests to find rare items and battle against other players for rewards and fame.
The monthly volume ETH data of MyCryptoHeroes is given below:
10. MAKER DAO
Maker “is comprised of a decentralized stablecoin(Dai), collateral loans, and community governance.” Digital assets such as Bitcoin and Ether are very volatile and cannot be used as an everyday currency. The Dai stablecoin is a collateral-backed cryptocurrency whose value is stable relative to the US dollar. Stable digital assets like Dai are essential to realizing the full potential of blockchain technology. It powers financial services in the crypto world with the price stability of the fiat universe.
Decentralized applications offer the benefit of transparency and scalability due to the power of the blockchain platform. DApps are making inroads in various fields such as gaming, finance, education, technology, gambling, and other domains. The above apps do not represent an exhaustive list but have been chosen to highlight the growing DApp ecosystem and how they are looking to disrupt traditional incumbents.
Written by Heena Dhir.