Ethereum is blockchain technology, with a unique smart contract system, that is driving the decentralized application market built on the blockchain. Ethereum supports decentralized smart contracts, which are protocols that verify, facilitate, and enforce the performance and negotiation of a contract in an unhackable or transparent manner. As Ethereum works like Android, the developers are using this technology to build decentralized applications, which is boosting the usefulness and legitimacy of blockchains beyond currency.
MakerDAO comprises of a decentralized stablecoin, community governance, and collateral loans. DAI is a decentralized currency that intends to transform the financial industry by enabling businesses and individuals to realize the advantages of digital currency without experiencing volatile conditions. Maker is an open platform that enables equal access to high-quality financial services, including fair credit to everyone. It is one of the best Ethereum dApps.
CryptantCrab is a crypto game created by the award-winning game developer, iCandy. This game has been inspired by the traditional “Betta Fish Fight”- that originates from South East Asia, even recognized by the King of Thailand. CryptantCrab has its unique markings and elements that reimagine the fighting fish concept. You just need to mutilate, train, or challenge the multitude of crabs and challenge them. This is one of the best Ethereum apps.
IDEX is an Ethereum-based decentralized exchange that features Ethereum and ERC20 trading pairs. The best part is that it gives the user experience of a centralized exchange, without giving up the security and user control of a decentralized exchange. It even features Meta Mask and Ledger Nano S integrations, which are considered for safer asset management than entering your private key manually.
Kyber is an on-chain liquidity protocol which aggregates liquidity from a wide range of reserve, powering secure and instant token exchange in any decentralized exchange. Kyber even offers decentralized use cases by enabling websites, wallets, and applications to integrate token exchange directly into the application logic instantly. With Kyber, you can list your tokens and swap your tokens.
Cryptokitties is a game developed on the Ethereum blockchain, developed by Axiom Zen that enables the players to purchase, breed, collect and sell cats virtually. The game became so popular that it congested the network, causing it to reach an all-time-high transaction limit, which slowed down eventually. The digital cats are breedable and carry a unique 256-bit genome with distinct DNA and attributes.
The applications discussed above runs on Ethereum blockchain. There are many more applications that run on Ethereum.
Ethereum dApps are the applications that run on the Ethereum blockchain.
Distributed applications run on multiple computers within a single network at the same time, which can be stored on servers.
Yes, Ethereum is decentralized as well as the apps built on them.
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2019-09-03 10:22:28.799653 | 2 min