Vast Majority of DApps for Finance Built on Ethereum Blockchain

Most decentralized finance applications are being built on the Ethereum blockchain

Ethereum devs constitute the vast majority of Decentralized Finance (DeFi) application (DApp) creators, according to a report by Binance Research on June 6.

Number of DApps per blockchain, courtesy of Binance Research

Number of DApps per blockchain, courtesy of Binance Research

According to the report, DeFi can be thought of as the following:

“An ecosystem comprised of applications built on decentralized networks, permissionless blockchains, and peer-to-peer protocols for the facilitation of lending/borrowing or trading with financial instruments.”

This ecosystem purports to offer a permissionless, decentralized network for users, who reportedly retain full custody of their crypto assets. According to the report, the main underpinning of this ecosystem consists of lending and borrowing platforms that support blockchain assets. One of the primary pairs of blockchain assets used on DeFi, for example, is the token MakerDao (MKR) and its sister stablecoin Dai (DAI).

The report argues that since Ethereum is the largest blockchain platform by market cap, it makes sense that its the birthplace of most DApps. However, this may change with the introduction of new and growing platforms such as EOS.

As reported in May by Cointelegraph, New York-based blockchain firm ConsenSys recently published a “Blockchain and DApp Developer Job Kit” to support prospective developers looking to write DApps in JavaScript, Python, or Solidity on the Ethereum blockchain.

The blockchain/DApp kit explains core topics of the field, such as consensus algorithms, smart contracts, miners, security incentivization, token standards, scalability, public and private key encryption, digital signatures, zero knowledge proofs, and trusted execution environments.

Original Article

COMMENTS

Name

Adoption,2,Altcoin,1,Analysis,498,Bitcoin,1,Bitcoin Scams,2,Blockchain,2,Central Bank,2,Cryptocurrencies,4,Cryptocurrency Exchange,2,Ethereum,3,Government,2,Hyperledger,2,IBM,1,Iran,1,Japan,2,JPMorgan,1,Law,1,Malware,2,Markets,2,News,3262,Payments,1,Press Releases,338,Privacy,1,Quorum,1,Ransomware,2,SBI,1,Scams,2,Software,2,Sponsored,137,USA,1,
ltr
item
CryptoNomus: Vast Majority of DApps for Finance Built on Ethereum Blockchain
Vast Majority of DApps for Finance Built on Ethereum Blockchain
https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy81YzU1ZmIzNWI5ZDZhMmMyOTBjYTQwZmM0NzcxMjZkMS5qcGc=.jpg
CryptoNomus
https://www.cryptonom.us/2019/06/vast-majority-of-dapps-for-finance.html
https://www.cryptonom.us/
https://www.cryptonom.us/
https://www.cryptonom.us/2019/06/vast-majority-of-dapps-for-finance.html
true
4884201149675661183
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share. STEP 2: Click the link you shared to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy