In this article we cover three social DApp projects, Status, Mainframe (Onyx) and Skrumble Network (Ally). Part One - Social Apps Part Two - Gaming Apps Part Three - Media Apps We will focus on three main application categories.
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In our “Case for Actual Adoption in Crypto” series of articles, we intend to highlight the most compelling traditional use cases in which crypto DApps can start to gain a market share and user base, highlighting those projects we think will have the best chance of doing so. Despite the exponential growth in the crypto markets over the last year and a half, this hasn’t exactly translated into the kind of mainstream adoption most envisioned when the term mass adoption was first applied to crypto. If there is one thing crypto is currently lacking, it’s actual “real world” adoption. The price of Ethereum continues to rise and is set to continue growing.The Case for Actual Adoption in Crypto: Part One - Social Apps The unlimited supply of Ethereum however, has not had a negative impact on its value. Ethereum’s current circulating supply is 119.2 million Ether tokens. This has contributed to the digital asset’s deflationary characteristics. However, a maximum annual supply of 18 million Ethers is set annually. Unlike bitcoin which has a supply limit of 21 million bitcoins in total, Ethereum has an unlimited supply. As more industries embrace the use of smart contracts to cut out the intermediaries, cryptocurrency continues to grow in popularity. Some experts argue that this surge is due to the cryptocurrency catching up with the increase in price that Bitcoin experienced over the years.Įthereum is also used in a wide variety of transactions including smart contracts. It is only recently that a surge in the price of Ethereum is being experienced. Bitcoin prices have been rising in the past few years and Ethereum appeared to be lagging all through. Experts assert that the value of other cryptocurrencies follows the movements of Bitcoin. Some experts argue that the increased value of Ether is just due to the cryptocurrency catching up to the growth of Bitcoin. The demand for Ether has therefore increased, contributing to the growth in value of the cryptocurrency. When people invest in NFTs, they tend to use Ether. A large section of the NFT market is hosted on the Ethereum platform. A large section of crypto enthusiasts has increased their use of and investments in NFTs. It should also be noted that NFT’s have begun to flourish over the past few years. The increase in the price of Ether over the past few years is mainly due to the increasing support of developers who see Ethereum’s appeal for developing and running applications. Many investors buy Ether as it is a more affordable option than expensive Bitcoin.
Unlike centralized platforms that limit control and earning abilities, Ethereum gives developers complete control over their apps.Įther, Ethereum’s native token, has received a great deal of interest over the years. Developers, therefore, no longer have to depend on centralized platforms such as Google’s Playstore to develop and deploy their apps. Ethereum is a decentralized computing and cryptocurrency platform that allows developers to develop and implement decentralized applications. The Russian-Canadian programmer was only 19 when he conceived the idea. What is Ethereum?Įthereum was created by Vitalik Buterin. 1 Ethereum is currently valued at AUD 3730.
Currently the world’s second-largest cryptocurrency, Ethereum prices experienced tremendous growth in 2021 to the point that it outperformed Bitcoin. However, Ethereum is now emerging as a strong contender for the top spot in the crypto-verse. Many people know about Bitcoin and consider other cryptocurrencies, Altcoins. Cryptocurrencies are increasing in popularity worldwide with Bitcoin leading the charge.
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