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NFT information (EN)

NFT Marketplace #5 - DApp = Decentralized App (feat. Ethereum)

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Hello, I talked about Ethereum in the previous post.

(Going to see the previous post ► )

 

NFT Marketplace #4 - Ethereum Fees, Gas

Today, we would like to learn about Ethereum fees! If you make a remittance or a smart contract at Ethereum, there will be a gas fee. Isn't Ethereum just a coin? To be exact, Ethereum is the main n..

nft-information.site

 

 

Today, I'm going to look into DApp. It stands for de-neutralization application for DApp.

It's also called dab for short.

The DApp I'm going to tell you today is very closely related to Ethereum.

In fact, Ethereum is the first DApp platform.

 

Looking back, Bitcoin originally used blockchain to make transaction books.

Beyond making books, there was a need for various services using blockchain, and DApp was created by this.

 

Although the number of Ethereum-based DApps is on the decline due to scalability issues such as speed and cost,

In fact, it is no exaggeration to say that more than 80% of DApps are Ethereum platforms.

 

 

In order to understand the DApp, you must have a concept of smart contracts.

Simply put, smart contracts are programs distributed on the mainnet.

The concept of smart contracts emerged in 1994,

and Ethereum began to implement the concept in earnest in 2015.

 

While traditional apps transmit information between servers and apps based on the programming contained in them,

The app uses Smart Contracts to execute commands and obtain information.

In other words, it provides services by communicating with smart contracts on the blockchain

without having a separate server.

 

And hacking is also difficult because it is stored in a distributed personal network.

Also, DApp doesn't usually require membership. It is a service that anyone can use with a wallet.

 

However, the DApp runs on an operating system based on a smartphone blockchain.

In addition, the transaction speed is still a little slow,

and the disadvantage is that it usually requires tokens/coins to use the function.

 

 

2018 will be remembered by those who try to invest in cryptocurrency.

Overall, it was a year when cryptocurrency prices plunged.

As a result, interest in virtual cryptocurrency and blockchain also declined,

and news of the progress of the blockchain project began to decrease.

 

Nevertheless, blockchain-based DApps have continued to grow.

In the beginning, most of them were Ethereum-based,

but recently they are using EOS and TRON-based blockchains.

And the number of DApps using Steem is increasing.

There are about 3,000 DApps currently on the market.

Among all DApps, the proportion of users in areas close to real life, excluding games, and gambling, is lower.

That's a very small number compared to the 2.2 million apps in the Apple App Store.

However, most projects that try to utilize NFT have the form of a DApp.

 

 

Opensea, which I introduced you last time, is also in the form of a DApp.

Those who have signed up will know, but you wouldn't have to sign up separately.

It's a way to connect your wallet with Opensea. So I talked about compatible wallets the other day.

(Go to see related posts  ►)

 

For your information, when you look at the marketplace, you should also look at how active the DApp is with NFT.

 

Currently, many developers from around the world are working to develop blockchain-based DApps.

However, not all applications are suitable for DApp so far, so please refer to it.

 

 

As we talk about DApp, I think many people are curious about how to move tokens to the main net.

You need a bridge to move the token to another Matenet.

Cryptocurrency or NFT can be transferred from Ethereum Mainnet to Polygon Mainnet through Bridge.

This is also a type of DApp.

It is not a DApp that operates only on one mainnet,

but a special type of DApp that moves assets between the mainnet.

Not all main nets are connected by bridges yet.

Instead of making the bridge a DApp,

there is definitely a mainnet for the purpose of connecting the mainnet and the mainnet.

This type of mainnet is called a crosschain.

The bridge serves to connect two mainnets, while the crosschain serves to connect multiple mainnets at once.

Although it is not yet activated,

please note that it is a concept that you must remember in order to understand NFT deeply.

 

In the next posting, we will talk about the types of NFT investment!

Please look forward to the next posting! :)

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