Understanding your business goals and the product vision, we will carry out the development process, regardless of complexity challenges. Due to the agility of our work, we ensure fast delivery, also providing maintenance and further upgrades.
Dapps are applications powered by blockchain technology.Their creation started due to smart contract innovation. Ethereum was the first blockchain network that made this possible.
Decentralized tools and services can apply to different online industries such as gaming, trading, social media, etc. Among popular types of dapps are NFT platforms, DEXes, lending and borrowing protocols, crypto wallets, and provably fair online casinos.
One of the primary benefits of decentralized applications is that relying on distributed ledger technology and smart contracts, they are trustless and don't need any central authority to control.
Decentralized applications are peer-to-peer networks that create an open-source software ecosystem opening more opportunities for developers.
Blockchain technology also allows high security. As data stored on blockchain is immutable, no one can change it which prevents cyber attacks.
In contrast with regular applications where the backend code is running on centralized servers, dapps have their backend code (smart contracts) running on a decentralized network.
Dapps use the Ethereum blockchain for data storage and smart contracts for the program logic. Following the written logic allows decentralization as there is no need for any middlemen to control the system.
Dapp creation includes front end user interface and smart contract development. So, the first step after envisioning the product, will be choosing the development stack according to the specialties of the project.
For instance, to create a cryptocurrency, the initiators of the idea will need to choose a consensus mechanism such as Proof-of-Work, Proof-of-Stake, Proof-of-Capacity or other. Then they will need to decide which blockchain they will use for the development, and so on.
Once a dapp is deployed on the blockchain it's not possible to change the smart contract, meaning the logic.