DApps, or decentralized apps, do not have a fully clear definition yet as they are still so new. DApps require a Ethereum browser such as MetaMask, Toshi or Status to run.
DApps are a new breed of apps: they interlaced with the blockchain. They are decentralized, and they are not controlled by one single person. 2017 saw lots of money funneling into the blockchain space, and in 2018 we are beginning to see decentralized results.
Ethereum’s potential as a platform for building Ethereum Dapps has also fueled a rush in startups raising money via ICOs. In fact, several startups have already raised hundreds of millions of dollars to support the development of their Dapps on the Ethereum blockchain. One example, Bancor, managed to raise approximately $153 million in ether, the digital currency of the Ethereum Blockchain network, during its ICO in June 2017.
Below are the 10 live and accessible Ethereum DApps which caught our attention.
IDEX
Idex had 6,479 users in the 24 hours prior to our snapshot, making it the most-used ethereum dapp in that period.
Idex is a decentralized exchange offered by Aurora, a firm that has developed a series of financial services dapps. The exchange went live in October and experienced rapid growth in January, Aurora CEO Alex Wearn told Craig Cobb’s Trader Cobb Crypto Podcast in May. It offers trades between ether and ERC-20 tokens.
Numerai
A decentralized hedge fund sounds like a problem waiting to happen, yet Numerai may highlight the potential of this approach. Although it is live as of right now, it has not undergone many updates over the past year. The concept certainly has a lot of merit, though.
Ether Dungeon: Age of Myth is a strategic blockchain game in which players collect epic heroes, upgrade powerful equipments, and explore the depth of dungeons in the artificial blockchain world Pangaea Ultima.
Documentary
Documentary is a way of publishing documents on the Ethereum blockchain. More importantly, it is free to use and only charges transaction fees for using the service, which is only to be expected.
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