Despite a prolonged bear market for cryptocurrencies, the outlook for blockchain remains bright. The global blockchain sector is forecast for significant growth over the next three years, and there’s a growing pool of developers particularly in countries considered as blockchain hubs, such as Switzerland or Malta.
However, decentralized application (dapp) development and adoption aren’t taking off in the same way that the ICO boom of 2017 seemed to promise. According to the Dapp Radar rankings website, even the best-used dapp has around 9,000 daily users.
In contrast, the Fortnite game reached 10.7 million concurrent players in February. Bitcoin transactions peaked at 490,000 in a single day during the height of the December 2017 price boom. With gaps this big, it’s clear that dapps have some way to go before mainstream adoption is in sight.
Adoption isn’t just a matter of acquiring users, though. There needs to be a compelling reason to use a dapp. Creating this reason is the role of dapp developers, but even if a developer has a solid idea for a dapp, getting it live and running smoothly isn’t necessarily easy.
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The Choice of Blockchain Platform and Why It Matters
Since Ethereum launched in 2015, it’s been the dapp platform of choice for many projects. It made smart contracts accessible to developers. Thanks to the way the network operates, developers can bring a product to market relatively cheaply, because network transaction costs are funded by the user in the form of gas payments.
On the flip side, launching a dapp on Ethereum comes with challenges. While the setup may be easy, Ethereum has struggled with scalability,