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 - TapSwap on Solana 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

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Ethereum's transaction size falls 54%: Why it's not bad news for ETH

ETH could be close to its bottom after the transaction size failed to spike. While the price might slip, traders are convinced of a quick recovery. On the 19th of May, AMBCrypto observed thaThe post Ethereum's transaction size falls 54%: Why it's not bad news for ETH appeared first on AMBCrypto.

Whale watch: $1B in Toncoin trades shake the market, tracking what's next

Toncoin has seen a surge in whale activity on its network. TON, however, is at risk of a price decline. Toncoin [TON] has witnessed a spike in whale activity on its network in the past few wThe post Whale watch: $1B in Toncoin trades shake the market, tracking what's next appeared first on AMBCrypto.

Predicting how ETH will react IF the SEC approves Ethereum ETFs

Coinbase analyst sees a 30-40% chance of approval for Ethereum ETFs. Ethereum's dominance and performance are at a low, suggesting a need for positive development soon. It is generally belieThe post Predicting how ETH will react IF the SEC approves Ethereum ETFs appeared first on AMBCrypto.

Ethereum sets sights on $4K: Will THIS spark a new rally for ETH?

ETH was up by more than 6% over the last seven days.  A few of the metrics suggested that the bullish momentum might not last.  Ethereum [ETH] caught investors off guard as its price gaineThe post Ethereum sets sights on $4K: Will THIS spark a new rally for ETH? appeared first on AMBCrypto.

Ethereum ETFs progress, but Solana may turn things bearish instead - How?

New data indicated that the likelihood of approval of Ethereum ETFs was relatively high. Ethereum lost market share to Solana, however, the price of ETH continued to surge. Ethereum [ETH] haThe post Ethereum ETFs progress, but Solana may turn things bearish instead - How? appeared first on AMBCrypto.

Fantom Sonic: Will Ethereum integration help FTM's price?

Fantom disclosed that Ethereum would enable the token migration. While FTM's price increased, reaching $1 could be challenging in the short term. Layer-1 blockchain Fantom [FTM] has discloseThe post Fantom Sonic: Will Ethereum integration help FTM's price? appeared first on AMBCrypto.

Avalanche [AVAX] jumps 7% ahead of token unlock: Is $43.50 coming?

Volatility around the token may be low, considering it has previously released 60% of its supply. AVAX might hit $43.50 if the volume continues to back the price action. The price of AvalancThe post Avalanche [AVAX] jumps 7% ahead of token unlock: Is $43.50 coming? appeared first on AMBCrypto.