Ethereum and EOS, taken together, to date, have only eight decentralized applications with more than 300 active users. This drew the attention of the famous crypto-enthusiast Kevin (Kevin Rooke) — ironic in his Twitter post was an occasion to ponder whether the current performance of the use of blockchain applications that are built on the basis of networks with billions of dollars in market capitalization. The answer to which came the journalists CCN — translated CoinMarket.News.
“The blockchain app with more than 300 daily active users…
The most popular blockchain app the weekly transaction volume…
EOS: EOS Bet ($18.1 million)
Ethereum: IDEX ($7.3 million)
Guys, grab the popcorn, we got another crypto-planned clash”
Mean anything the current utilization blockchain apps?
Last year, Coinbase co-founder and former Goldman Sachs trader Fred Aram (Fred Ehrsam) stated that Ethereum will require one hundred times the scale, in order based on it were deployed large-scale blockchain app with millions of active users.
For example, Visa — about 880 million credit cards in circulation and a few hundred million active users around the world, and to cope with the daily volume of transactions, the Visa network has to handle tens of thousands of transactions per second.
According to the Ethereum co-founder Vitalik Buterin, solutions for scalability of the second level, such as Plasma and Sharding in the near future will significantly increase the capacity of Ethereum, theoretically, up to millions of transactions per second.
And yet, for the lack of activity in applications created with Ethereum and EOS not only affects the complexity scale public networks of the blockchain. So, Protocol 0x, which simplifies P2P cryptocurrency trading through a unique hybrid bloschanevych and bezbashennyh mechanisms that can handle many transactions on their network for decentralized exchange platforms.
It is more likely that the lack of activity applications can be associated with features of the user interface of the majority of blockchain applications, and the concept of decentralized systems is still relatively new for the vast majority of consumers.
Last week as part of the show Joe Rogan Podcast singer and songwriter Shooter Jennings (Shooter Jennings) discussed with Joe Rohan (Joe Rogan) decentralized alternative to Twitter Peepeth based on Ethereum. Jennings struggled trying to explain to Rohan ‘ the process of sending gas in Ethereum after adding each new item of information into the core network.
Apparently, until you find a method that allows users to cover the cost of gas without their knowledge or background, using apps on a larger scale will remain in doubt.
On the other hand, the Creator of Gnosis Martin Koppelman (Koppelman Martin) believes that there are other options, much more important than the active users of blockchain applications: it’s about network effects and interdependence of applications.
Agreeing that the prevalence of blockchain applications remains quite low, Koppelman expressed confidence that distributed applications will have to rely on the infrastructure of each other to create a truly decentralized network blockchain applications.
“The figures about which we are concerned is the use of decentralized applications. And, as a next step, the number to which you should pay attention to is the number of distributed applications, which are seamlessly interact with each other and understand the benefit due to the fact that they are created on the same platform. As a side effect, in the end, the price of ETH will depend on the demand for the use of applications in a robust, open and full of space relationships,” said Koppelman.
Not a problem of scalability
Thus, the slowdown in the proliferation of blockchain applications — not necessarily the result of problems with the scalability of decentralized networks. Given that the developer community continues to work on solutions for scaling the blockchain, it can be assumed that this issue will not be so acute.
What really should be done by the developers in the near future is to find a way to make the blockchain application is the same easy-to-use centralized platform, as well as to encourage users to transition from centralized alternatives.