If 2017 was a dream for cryptocurrency enthusiasts, 2018 has been a swift return to reality. The value of Bitcoin, which increased over 1,000 percent last year, has decreased by close to 30 percent so far this year, and many other coins have followed suit.
The crypto market has begun a modest recovery, but investors have nonetheless been given a stark reminder that cryptocurrency’s volatility is a double-edged sword — if you want to try and make it “to the moon,” you’ve got to risk crashing down to earth. Ethereum cofounder, Vitalik Buterin, realized that blockchain technology was capable of supporting far more than just electronic cash systems. Rather than prescribing a narrow range of functions for which users could use the blockchain, he saw the potential for a blockchain platform on which developers could build any application they like.
This would allow software designers to get all the benefits of blockchain technology — decentralization, inalterability, security, etc. — without having to build their own personal blockchains.
That’s the vision behind Ethereum, and so far it’s been a tremendous success. Since its release in 2015, Ethereum’s network has become home to thousands of decentralized applications, or dapps.
Many of these dapps are still in the development stage and have yet to go live, but Ethereum has set itself up to be the foundation for a huge software ecosystem. Here are a few dapps already live on the Ethereum platform that should give you an idea of the near-infinite range of possibilities: Ethereum not only provides developers with a blockchain on which to build their applications; it also gives them a convenient way to fund their projects natively on the network in the form of tokens. Read more from venturebeat.com…
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