When the world thinks of the future of technology, blockchain comes to mind. This is because of the many possibilities blockchain has shown and what seems to lie ahead.
One of the finest attractions of blockchain is its decentralized nature, which means there would be no need for middlemen. Similarly, control does not belong to a single person or company. This is also one of the reasons why investors keep blockchain technology on their radar. In this article, we will be discussing a blockchain technology known as blockchain DApps and the top blockchain DApps to invest in.
WHAT IS DApps?
DApps is a shortened form for Decentralized Applications. DApps is an open-source software application that does not run on just one server or computer. Instead, it is an application that is supported by blockchain ledger technology.
One may be wondering what advantage DApps have over other centralized applications. Majorly, it is the lack of a third party. To be more practical, imagine being able to send money to anyone without using a bank, thereby eliminating the need for a transfer fee. Another advantage of DApps is that since it does not rely on a single centralized host server, there is less downtime.
TOP 4 BLOCKCHAIN DAPPS
Opensea is a non-centralized marketplace that enables users to buy, sell, and create non-fungible tokens at a low transaction fee. Opensea is by far the most popular NFT marketplace that uses smart contracts. However, the best part of this application is its super user-friendly nature, making it an excellent choice for beginners.
- PANCAKESWAP (BNB)
A number one rated DApps is PancakeSwap. PancakeSwap is a digital app designed to allow users to trade cryptocurrencies without a centralized intermediary. This is unlike centralized cryptocurrency exchanges such as Binance and Coinbase, which are entirely built on Ethereum and have a centralized authority controlling trading. PancakeSwap is built on Binance Smart Chain, making trading fees approximately as low as 0.25%.
- ALIEN WORLD
Another fascinating DApps is Alien World. Alien World is a blockchain-based metaverse game launched in April 2021. It serves as a platform where users can efficiently mine Trillium. Moreover, the game allows players to play and earn NFTs and cryptocurrency on various planets. Although launched in 2021, this sci-fi game is still considered one of the most successful blockchain games.
Another DApps that one should invest in 2022 is Splinterlands. This is a card lovers’ game. Splinterlands is a digital card game powered by blockchain technology that allows players to collect cards and play to earn NFTs. Built on the Hive blockchain, the game enables players to convert their earned splinterlands cards to ERC-721 tokens. After that, they can trade on DEX or NFT marketplaces.
When it comes to this new wave of digital assets and applications, one must be careful not to get caught up in the hype due to its volatile nature. In addition, decentralized applications are a relatively new technology, so you must do proper research before diving in.