DAPP means Decentralized Applications
Did you know Steemit is second largest Dapp in all of Cryptocurrency?
Did you know that 18 of the Top 100 Dapps in Cryptocurrency are on the Steem blockchain?
My review of State of the Dapps website pertaining to Steem blockchain:
State of the Dapps an unaffiliated website which catalogues all the decentralized applications on any blockchain, Ethereum is a major player. But Steem has three of the top ten Dapps in all of crypto! Steemit is the second largest Dapp in all of Crypto!
Steemit, Steem Monsters and Next Colony are in the top ten!
If you look at the top twenty Dapps in all of Crypto Six of them are on the Steem blockchain with D-Tube, Partiko and Steemhunt being Steem’s 4th, 5th and 6th Decentralized Applications in the top twenty. If you look at the top 30 Dapps in usage we have nine here on the Steem Blockchain; Actifit, eSteem and Busy being the 7th, 8th and 9th entries. Nine of the largest Dapps in the top 30 Dapps in all of Crypto are here on the Steem blockchain. If you look at the top 100 Dapps in all of Crypto the Steem blockchain has 18 of the largest Dapps in all of Crypto. Steem has 18 of the largest Dapps in all of Crypto. Add D-Like, Smartsteem, nTopaz, TokenBB, Steampeak, APPICS, Minnowbooster, SteemPress, 3-Speak and dPoll to the list of names above and you probably have one of the largest collections of working Dapps on any blockchain other then Ethereum.
Commentary:
I ask you to step back and think about that for a few minutes, but I want you to think about it in this context:the majority of cryptocurrency projects have zero working Dapps! They have promising technology in the works, but no functional products. Which means zero users. Steem has 18 of the largest Dapps in all of Crypto. Add D-Like, Smartsteem, nTopaz, TokenBB, Steampeak, APPICS, Minnowbooster, SteemPress, 3-Speak and dPoll to the list of names above and you probably have one of the largest collections of working Dapps on any blockchain other then Ethereum.
Now, I want you to take a deep breath and look at Steem-Engine, a blockchain sidechain with over 40 tokens on it. There are some amazing projects on that side chain Palnet, Steemleo, RealityHubs, CreativeCoins, Sportstalk, Splinterlands and Steemcoinpan to name a few. This blockchain side is another cutting edge development, which is on the wish list of hundreds of other coin projects out there in the crypto universe, but it is a reality here on the Steemblockchain. Remember Ethereum and it’s ERC Tokens and the tremendous utility with all the ICO’s run on that blockchain? Now reflect on the fact that the Steem blockchain has a functional sidechain and is created with technology capable of carrying all the transactions on Ethereum without the lags and delays experienced there.
Conclusion:
New technology companies common go through periods when they are struggling to survive with insufficient user base, negative cash flow and poor valuation. They have to survive the phase of introducing and debugging their cutting edge technologies or ideas. Then grow their cash flow and user base. Steem is a cutting edge blockchain with new technology struggling to live up to its potential. But Steem has hundreds of functional applications, thousands of actual users and 18 of the busiest Dapps in all of Crypto. Steem has already achieved things that the majority of cryptocurrency projects can only dream of right now. This means the majority of cryptocurrency projects are virtual potential, but Steem is virtual reality.
People often ask me if I have faith that Steem will be a great blockchain?
My answer?
Steem is a great blockchain and we are lucky to be here in the beginning years, so we can accumulate Steem and be part of something historic.
✍🏼✍🏼 by Shortsegments.