There’s more to Blockchain technology than Bitcoin and other cryptocurrencies. At its fundamental level, Blockchain technology engenders trusts in inherently trustless environments. Protocol blockchains such as Bitcoin, Ethereum, EOS, GoChain, Steem and xDai have provided a launchpad for developers to work on DApps. DApps are typically open source applications not owned by anyone, immune from downtimes; and that cannot be shut down by a government or its agencies.
The rapid proliferation of Decentralized Applications (DApps) powered a bull run in cryptocurrencies in 2017. Right now, there are more than 2000 DApps designed to solve specific market problems across industries such as health, data storage, finance, gaming, and governance.
This piece examines why Blockchain is yet to unlock its mass-market momentum despite the proliferation of DApps and how a positive change might be on the horizon.
The promise and hype of DApps
When Ethereum’s mainnet went live in 2014; the cryptocurrency market went crazy with…