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An ultimate guide on blockchain Dapp development company
DApps are popularly known as decentralized applications, which work based on a peer-to-peer technology without the need for third parties. It is open-source; thereby, there is not any central authority to control any transaction.



All the transactions carried out by the DApps users are stored in the cryptographic form so that they can avoid failures and save time.

Why use a Dapp?

The decentralized application stores the records on a public server, not on a single server. Here are some features of Blockchain Dapps development company that help many industries to grow and operate in an efficient manner.

Security

The decentralized applications are resistant to hacking. The information stored on the blockchain is cannot be altered or edited unless the change is approved by the nodes.

Transparency

All the network participants have equal authority over the application. This develops a high degree of transparency and equivalent trust as well.

Independence

As the name suggests decentralized applications that do not rely on any central authority. Dapps allow users to connect directly without any intermediaries and hence the risk of the middleman is neglected.

Key factors that you need to consider while choosing a Dapp development company

There are various factors that determine the time and effort that are required in developing a dApp.

Have an estimation of the Dapp:

Cost is the prime thing to consider for all of us. To ensure that you need not have to pay a high amount or caught with an inexperienced company. It is essential to have a clear idea for cost estimation idea.

Check their Background and Market Reputation:

Since Blockchain technology is still in its beginner’s stage, it is better to choose a company with adequate knowledge of this technology. This will help you to cope up with the Blockchain  Dapp development challenges and also help you to grow knowledge in this field.

Consider Portfolio and Client Feedback:

It is essential to check the portfolio and the feedbacks or reviews from the earlier clients. This helps you to evaluate the quality of Dapp development services. So make sure you do not compromise on this element.

Final verdict

Once all these factors fall into the right place, share your Dapp development idea with the companies. If you are looking for a Dapp development company I would suggest to check on Blockchain Firm. They help you to create a Dapp that matches your requirement.  
A start-up gist to Ethereum DApps, its features, and the types to build one for your start-up!
Our world is now digitalized and we have the freedom of working from home and getting things delivered to home. All thanks to the efforts made by technologists to tackle even the pandemic crises seamlessly from the comfort of home. The complete digitalization and quick process made us transact money from home with mobile taps and the data is shared across the globe within milliseconds. It would be bliss if the fintech world is equipped with a very minimal workforce and low transaction costs. The same goes with other industries and it would be much more encrypted if the user authenticates and revokes the access to their information for the third-parties with certain permissions.  




Yes! Everything would be made possible with blockchain DApps for your enterprise. In this blog post, let’s discuss a basic knowledge of Decentralized Applications(DApps)! 
 
A glimpse on DApps! 

Decentralized Applications(DApps) are the applications that are built on top of the blockchain network and it inherits the features such as P2P transactions, transparency, decentralization, tamper-proof, and immutability. The users of the decentralized network can independently share information across the network nodes without any limitations.  
 
Dapps leverage smart contracts to the maximum extent and is utilized mainly to accomplish the terms between entities.  
 
The key features of decentralized applications are  
  1. Open-source, 
  2. Decentralized network, 
  3. Consensus governance, 
  4. Quick transactions & less workforce, 
  5. Devoid of centralized systems and authority, 
  6. No single-point failures. 
 Let’s look after the classification of DApps.  
 
 Categories of DApp 

Type I: 


DApps that are built on the native blockchain platform fall into this category. The cryptocurrencies like Bitcoin, Ethereum, Ripple that have their native blockchain platform are examples of Type I DApps. 
 
Type II: 


DApps that utilize the third-party blockchain platform to run are termed as type II DApps. The coin forks, altcoins fall into the category of type II Dapps.  
 
Type III: 


Type III DApps are operational and leverages the protocols of the blockchain platform. In other words, type III utilized type II DApp protocols and tokens that are integrated with plug-ins and extensions.  
 
The general categorization of DApps differs from the Ethereum DApps classification. So, let’s take a look at ethereum DApps categories.  
 
Ethereum DApps categories 


Ethereum blockchain platform renders excellent tools and community support to build DApps for enterprises which makes it delightful among the blockchain developers. The ethereum powers up the developers with a principal layer of the blockchain platform with an in-built programming language (Solidity) to develop smart contracts, DApps, with the freedom of customizing the regulations, compliances, ownership, state transition functions, and transaction formats. The immense popularity of these applications generates reasonable revenues for the Ethereum DApps Development  Company.  
 
Ethereum DApps are categorized into three types.  
 
Financial DApps 


Financial DApps renders users the fintech functionalities such as managing their transactions with fiat and digital assets.  
 
Semi-financial DApps 


These DApps include financial transactions; whereas the main functionality would be operational.  
 
Non-financial DApps 


Non-financial DApps are purely operational and it does not involve any fintech transactions. These are the DApps that serve voting processes, identity management, gaming, and other sectors.  
 
Let’s wind up by looking at the sectors leveraging DApps! 
 
Winding up! 


Blockchain and decentralization is undoubtedly our next-gen boon in technological disruption. Let’s look at the industries that are already into this next-gen blockchain process with DApps! 
 
  1. Agriculture, 
  2. Fintech, 
  3. Healthcare, 
  4. Entertainment, 
  5. Gaming, 
  6. Travel & Tourism, 
  7. Social media, 
  8. E-commerce.  
 
 If you are looking for building one of the ethereum dapps for your enterprise, do knock on our doors! We’re on our wings to swiftly push your enterprise to the next-gen technological evolution! 
 
Revealing the professional secrets of Ethereum smart contract audit!
Let’s get into the exploration of smart contracts!

A smart contract is a computer protocol that executes a task based on the specified conditions. In general smart contracts are utilized for purposes such as payment terms, confidentiality, trade deals, loans, regulations, and compliances. Smart contracts are being leveraged in various sectors such as supply chain management, electoral voting, ICO’s, and exchange processes. Above all the smart contracts are built on a blockchain framework and it inherits all the features of the DLT such as transparency, P2P transactions, tamper-proof, immutability. 

Let’s take a tour on why to audit the smart contracts, and their professional processes!

The reasons to audit smart contracts!

Smart contracts are recommended to be audited by professionals to check the following qualities:
  • Performance-optimization,
  • Devoid of security issues & loopholes,
  • Design issues, 
  • Code violations,
  • Vulnerabilities,
  • Impact & Behavior in negative-case scenarios. 

Smart Contract audit-A gist!

Smart contract audit is the process of spying on the code that is used to underwrite the terms and conditions of the deal. The audit process helps development and the design teams to identify the potential bugs and rectify them before deployment. 

Usually, the auditing of smart contracts is done by third-parties like professional blockchain developers or smart contract audit company to ensure the code is reviewed completely. The process of auditing the smart contracts is mandated as they are deployed on the blockchain network. 

The professionals auditing the smart contracts focus on these specific areas:
  • Common bugs such as stack, compilation, reentrance errors.
  • Hosting platform common errors and security flaws.
  • Break testing(Stimulating the negative case scenarios).

Process of auditing a smart contract- A brief!


In generic, smart contract auditing is done by two approaches: Manual & automated code analysis. Usually, the automated test suite runs through the code base and again the manual verification is done in smart contract audit services. The smart contracts automated test suite is in the early stage, and hence to ensure 100% line coverage, the auditing team processes both approaches. 

Manual code analysis VS Automated test suite

Manual Code Analysis

Manual code analysis of smart contracts suits best for the medium-scale and large testing teams. The testing team examines each code piece and scrutinizes it for compilation. This is the best-suited technique for long-term smart contract applications.

Automated test suite

Automated smart contract auditing suits best the teams at which there are limited resources for testing the smart contracts. The automated test suite enables penetration testing that helps identify the bugs at a quick pace with less workforce. 

Final standpoint!

In general, Ethereum smart contracts audit are to be spied on the following issues:
  • Reentrancy attack
  • Over and underflows
  • Reordering attack
  • Replay attack
  • Short address attack

Be it an automated or manual code analysis, it’s the best practice to get audited smart contracts from the professional team. To know more about the blockchain space, do connect with us!


UNVEILING SOME INSIGHTS ABOUT TRON DAPP DEVELOPMENT
TRON was devised in the year 2017 by Justin Sun. Initially, TRX was created as an ERC-20-based token, underpinned by Ethereum. Later in 2018, it is separated from ETH and developed as an own token.

Tron is a blockchain-based operating system on which anyone can create decentralized applications and share content. 

Why was TRON developed? 

Tron was developed with a prime focus which is to help content creators by offering them rewards for their efforts on work. 

Currently, the social media industry is ruled by many giant industries like youtube, Facebook, and other applications. They not only control what users can see but they also receive a huge amount of money which is generated by the media or content.  Here the content creator will be paid less amount of money. To eliminate such massive loss for users TRON platform was developed. 

To cut down the middle-media party and allowing content creators to receive rewards directly from the viewers TRON network is used. The content creator will receive rewards in TRON tokens ( TRX ) and also the media is wholly owned by them rather than the giant companies.

Tron Dapp development 

Users are allowed to develop Dapps on the TRON network. After creating a Dapp on the TRON network and users can offer content on it. By doing this users can receive digital assets as a token of appreciation. These rewards can either be in normal TRX tokens or in a token that is created by the user that is supported by TRX. This will compensate the efforts of users in creating content within it. 

The main purpose of TRON is to remove the need of middlemen and providing total control for creators to directly share their content with the audience. The data is cryptographically secured through blockchain while allowing creators to take entire profits.

Upshot!

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  • John Marshal
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    Writer, founder, passionate entrepreneur + I'm on a mission to build businesses
  • John Marshal
    @john
    Writer, founder, passionate entrepreneur + I'm on a mission to build businesses
  • John Marshal
    @john
    Writer, founder, passionate entrepreneur + I'm on a mission to build businesses
  • John Marshal
    @john
    Writer, founder, passionate entrepreneur + I'm on a mission to build businesses
  • John Marshal
    @john
    Writer, founder, passionate entrepreneur + I'm on a mission to build businesses
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