Analysis of the development status of the main chain DApp: DApp should highlight the unique application value of blockchain technology

In the fast-growing blockchain industry, new projects and new gameplay emerge in an endless stream, while many existing projects are ups and downs and even disappear. The cyclical decline of the blockchain in 2019 and the departure of a large number of players is a high probability event, and in the process of exploring new possibilities in the blockchain industry, it is particularly important to sort out the current state of the industry ecology.

Definition of DApp

Based on the decentralization of blockchain and smart contracts, all applications that utilize smart contracts in some way are called decentralized applications, called Decentralized Application in English, or DApp for short. It is worth noting that the "utilization" mentioned here can be multifaceted. Most directly, developers write their own one or more smart contracts as an important part of the application. In addition, there are other ways to use, such as people often think of the wallet as DApp. Although the wallet itself does not contain a smart contract, the wallet may interact with the main chain and call the smart contract.

2018 is the first year of DApp

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It is often said that 2018 is the first year of DApp. There are two reasons. One is that from 2017 to 2018, a large number of emerging main chains that people have high hopes are on the main online line, including the hot EOS and TRON. The well-known GXChain public trust chain, Ontology ontology, and Cardano, Tezos, etc., which may be more concerned overseas. For a main chain, the main online line is only the starting point. The important indicators for evaluating subsequent development are the number of developers it attracts, the number of smart contracts deployed on the main network, and the number of DApps presented to end users. In the months following the main online line, the well-developed main chain will present a variety of DApp blowouts.

Second, at the end of 2017, CryptoKitties (the fascination with cats) has sprung up, and its great success has had a profound incentive impact on the entire DApp industry. Developers saw a commercial possibility in their fascination with cats, and began to follow up on a large scale.

DApp platform

In 2018, a large number of new DApp projects were launched. According to statistics, there are currently two or three thousand DApps on the whole network. According to Fluence Labs' DApp survey, 72% of DApp projects started in 2018. This means that in the past year, the number of DApps across the network has more than tripled.

(Reference Resources: In-depth Interpretation | 2019 Opening Annual Report, A Year's Guide to DApp)

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In all DApps, more than 80% of the projects were developed on Ethereum, about 20% of the projects were developed on EOS, and less than 10% of the projects were developed on TRON. It is worth noting that in many projects, about 10% of projects are developed simultaneously on multiple main chains, while the number of DApps developed on other main chains is relatively rare. At present, there are more than ten projects based on GXChain, mainly small applications in Brock City.

DApp application scenario

All decentralized application DApps are ultimately apps, that is, applications, so only applications that create value for users in real-world scenarios are meaningful applications.

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At present, among all DApps, the most mature and practical applications are wallet, exchange and financial services.

In addition, the use of gaming and funding classes is also a large category. This is the most controversial part of the DApp industry. In general, the black-gray industry is the most active in the early days of a technology development. This is a normal state, but it does not mean that the technology is black or gray.

In the earliest days before the 2018 and even the entire industry, the above two categories have become important application scenarios for DApp. In 2018, the game category has sprung up. The line between the game class and the gambling class seems to be very vague, but in 2018, more and more games that are not aimed at making money for luck have begun to appear. Although the core incentive mechanism for a large number of blockchain games is still to earn a token that can be realized, but the way to earn is no longer simple and rude, but more and more to start to apply the various mechanisms commonly used in traditional games.

In addition to the early mainstream developers entering the blockchain industry, more and more traditional game studios and even game makers have begun to enter the pilot zone of DApp game development.

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The widely-received swap card game Gods Unchained (the text is the gods who broke the chains) is an example. Its gameplay is similar to Hearthstone, so it is called the block chain version of Hearthstone. The game began selling ERC-721-based cards in 2018, attracting a large number of players. In addition to people in the blockchain industry, there are many supporters in the traditional gamer community. Although its current gameplay has not yet been launched, Gods Unchained has been widely considered to be a correct way to open blockchain games based on its fine art and production levels above the traditional game industry. In addition, the first game, "Blankos," launched by former Activision, Blizzard executives and employee-built Mythical Games, is also scheduled for launch in 2019.

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These well-made works with rich game mechanics are very meaningful explorations for the entire industry. Blockchain games, in the final analysis, are games. The essence of the game is to provide players with entertainment value and fun, not just addiction. In the early days, the so-called "blockchain game", which was no different from shoddy, mechanism and gambling, used human greed to stimulate the player's innermost desire with money and money equivalents. This so-called "blockchain game" will let players miss the countless things that can bring fun to the world. Therefore, this situation must be changed.

DApp user volume

Compared to traditional Internet applications, the current total number of active users and the number of daily active users of all types of DApps are actually in a very poor state. Although there are occasional tens of thousands of bursts of magnitude, the daily DApps of each of the main chains are on the order of thousands of users.

In fact, the production lines of domestic cottage small hand games and page tour studios are often more than this order of magnitude. Due to the relatively high barriers to entry for new users and the relatively small size of blockchain users, relatively good DApps can easily reach the ceiling of users in the existing blockchain user community. If you can't break through this ceiling, it's hard to be a commercially meaningful application. In addition, at present, on a global scale, especially in China, the stigma of the blockchain is more serious due to the influence of some bad applications, pyramid schemes and funding channels. Therefore, it is very difficult to break through this ceiling.

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Moreover, for a fairly large part of the main chain, even if an application is really close to or even breaks through the ceiling, the immediate consequences are not a big success, but will drag the main chain. Therefore, it is especially important to choose a high-performance backbone for your application.

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DApp Ecology on GXChain

Unlike other mainstream backbones, GXChain's predecessor was a decentralized data exchange's public letter application, which expanded from a professional DApp public trust and opened up the underlying capabilities into today's full-featured public chain. GXChain, so GXChain has a very good pragmatic, landing gene. At present, despite the small number of DApps, the Gongxinbao business has a stable cash flow for enterprise services, and it has more than 2 million mobile phone applications in the entire blockchain industry. BX City users, GXChain It has become a very interesting DApp test field. In this experimental field, the test specimens are DApps of various gameplays. And this field is a large number of ordinary users, they are ordinary people who do not need to know the blockchain or cryptocurrency technology. If a DApp can really attract users in such a test field, it can be called a DApp that is valuable to users. In the course of my previous communication with many overseas backbone developers, I found that they all coveted the user base of Brock City. A large user base, a high enough TPS, and a good enough collection of development tools make GXChain a brighter DApp ecosystem than other competitors. According to the CCB team, a large number of DApps are already in the development of test networks, which is worth waiting for.

Where is the road?

People often say, "All good DApps, first of all, applications, and the best DApp should also be a DApp that users can't see is DApp." For example, like the current users do not notice when using Taobao. It takes advantage of the database.

This sentence is very reasonable. In addition, all applications must create value for users, whether it is to improve efficiency, reduce costs, achieve things that were not possible in the past, or bring more pleasure to users, these are creating user value. But if an application that utilizes blockchain technology only implements the application scenarios that other technologies can implement today, then this application does not really realize the value of blockchain technology. The real value of DApp is to combine the new capabilities of blockchain technology and the Veteran economy with existing capabilities to leverage the power of DApp to support the entire application.

Although in the background of the bear market, the development of the blockchain is difficult, but the practitioners and developers will always choose their hopes.

The content share of this article is from the vice chairman of the first committee of the GCAC, the co-founder and CTO of the Spark Blockchain "Spark Blockchain".

Spark Blockchain "Spark Blockchain" is the nation's leading contributor and developer community in the blockchain industry. Since its establishment in March 2018, relying on the consulting and incubation business, it has quickly established itself in the blockchain industry in North America, and has a good relationship with top US and US projects and investment funds. The current customers of "Spark Blockchain" include not only the top 100 well-known public chains, but also DApp, quantitative teams, blockchain service providers, media, blockchain investment funds, etc., which promoted the blockchain between China and the United States. The multi-level and multi-dimensional exchange development has won the approval and praise of many large and medium-sized blockchain industries.