The five most active decentralized applications on the Ethereum platform

The first wave of decentralized applications, dopov (dapp), was born on the Ethereum platform. Developed in 2015 and submitted to the developers to implement all their wishes in the area of “safe development”, since the platform Vitalik Buterin continues to work without the “downtime, censorship and outside influence.” Substantially all of this provoked an explosion of fundraising using the primary supply of coins (ICO), in which the tokens on the basis of Ethereum sold as the native currency for applications that have allegedly been created, but has not yet been launched.

In other words, despite the fact that all ICO will gladly take your money in exchange for promises already, themselves working dappy appear soon. And yet several gappov have already started to attract active users with hundreds or even thousands.

These gappov have several common traits. In the top five most popular — Idex, ForkDelta, Bancor, CryptoKitties and LocalEthereum are dappy that somehow facilitate trade cryptocurrency assets, although their business models vary: the stock exchange, and stock and game.

Successful projects also offer relatively simple user experience than can’t usually boast gappy in General. Michael foster, co-founder LocalEthereum, said: “We deliberately did LocalEthereum to it in appearance and behavior was similar to a normal website”.

Director of communications Bancor Nate Hindman echoed this statement, noting that they dappa “has been developed in the interests of simplicity”. And Bryce Blaydon, one of the founders CryptoKitties, explained the success of his application in that they were able “to provide the users of the blockchain interesting, fun and accessible.”

Being easy to use, none of these decentralized applications, however, does not require the use of native token. Bancor and Aurora Labs, the parent company Idex held ICO, but to own these tokens is not required for operation.

Despite the relative success of all these dpov, it is worth noting that their daily user base of a few hundred or thousand people are ridiculously small with the large centralized applications — Facebook is about a billion people a day.

Explaining this inequality, Hindman said: “to Create an application that will not only decentralized, but also popular, it is no small feat, requiring an underlying infrastructure, which is still in its infancy.”

Blaydon said something like: “Centralized solutions hard to beat from the standpoint of convenience. They are faster, more accustomed to”.

“Compared with Amazon Web Services to run on Ethereum 150 million times more expensive.”

However, the reason for despair not. According to bladon, decentralized applications, even with a modest number of user demonstrate “incredible value that people put in calculations that are based on trust.”

In addition, dappy are also in their infancy. “The world of the blockchain is developing rapidly,” says Hindman, however, users gradually understand the power of decentralization.

As soon as data leaks happen and centralized parties have problems, users will gradually move to decentralized services.

Below are five of the best dpov on the Ethereum platform’s number of daily active users. The rating could change at any time.

Idex

To our snapshot Idex have used 6479 people in 24 hours. This is the most used decentralized application platform Ethereum for the period.

Idex is a decentralized exchange created by Aurora, a company that develops a number of dappu for financial services. The exchange became active in October and has experienced wild growth in January. It is possible to exchange on Ethereum ERC-20 tokens.

As he explains CEO Aurora Alex Warn, decentralized exchange “to exchange digital assets on the principle of peer-to-peer”, but users of centralized exchanges like Binance, GDAX and Kraken convey control over your cryptocurrency exchange operator. The practical consequences of this solution lead to the risk of burglary and theft.

Idex, by contrast, offers a “publicly verifiable” smart contracts on Ethereum. However, now the exchange is not fully decentralized, because it works on the centralized server Idex running different processes like placing transaction orders list. Technical white paper describes “a fully decentralized version of the” platform, which is still in the plans.

ForkDelta

In the last 24 hours ForkDelta have used 2221 users and it’s the second most popular decentralized app on Ethereum.

As Idex, ForkDelta is a decentralized exchange offering the exchange in Ethereum tokens and ERC-20. In January Arseny Ivanov launched the project in the form of a fork EtherDelta, another decentralized exchange. He believes that EtherDelta to have lost its original spirit.

As Idex, the order book ForkDelta centralized, although decentralization of this aspect, as well as hosting exchange is specified in the road map project. ForkDelta continues to use a smart contract EtherDelta, and therefore payment for work on the platform ForkDelta still goes EtherDelta.

Bancor

Bancor was from 560 users in the last 24 hours. This is the third in popularity decentralized application platform Ethereum.

Hindman, however, disputes this number. He told CoinDesk that the daily user base is “significantly higher” than shows DappRadar; he also refused to disclose the exact number.

Bancor — market tool that allows users to share Ethereum and the growing number of tokens ERC-20 — just this week they had a hundred — but unlike the traditional stock exchange it will not match buyers and sellers. Instead, the Bancor Protocol provides liquidity between different assets based on Ethereum, using “smart tokens”, which have “built-in mechanisms of liquidity” thanks to the smart contracts.

Bancor has saved $ 150 million last year, selling the first of these smart tokens, BNT, in the framework of the ICO.

CryptoKitties

“Cryptocotyle” were used by 408 users of 24 hours, if you believe DappRadar. It is the fourth most popular decentralized app on Ethereum.

CryptoKitties presented Axiom Zen in March, definitely attracted more attention than any other decentralized application: players, media, investors, imitators and just left people who have experienced the effects of popularity CryptoKitties because of the “tubes” in Ethereum. According to estimates Bloxy, daily user base CryptoKitties have lost 97% since peak in December.

This game allows users to collect, trade and breed is unique and different cryptoquotes. They are represented by tokens ERC-721, assets on the basis of Ethereum, which in the opinion of the Creator of the game, Arthur Camara, it will be possible eventually to use for tokenization of real assets like art and real estate.

However, Blaydon says CryptoKitties attracts a lot more users through the website, rather than using smart contracts. The fact that only a small portion of the player base plays with smart contract, alluding to the fact that CryptoKitties not so decentralized game for what it is.

LocalEthereum

236 users for LocalEthereum in the last 24 hours. This is the fifth most popular decentralized application.

LocalEthereum mediates transactions in Ethereum between individuals as LocalBitcoins is Bitcoin. Even the name was not born by chance. “People ask me, “is there LocalEthereum?”, learning about LocalBitcoins, prior to his appearance last year,” said foster.

LocalEthereum works with smart contract escrow (special escrow agreements), which blocks the broadcast of the seller until he proves that he had received the money from the buyer, whether cash, Bank transfer or another method.

In case of dispute smart-the contract defines the arbitrator (now LocalEthereum, but there may be other authoritative party). The arbitrator can judge and pass the Ethereum one of the two parties, but no one else — myself, for example — can not.

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