This crypto world has gone way deeper than I imagined with the emergence of Dapps, I'm now gradually starting to understand why the blockchains decentralized technologies will absolutely annihilate the status quo. Its quite exciting (Almost concerning), when I think about how things will suddenly change. The signs keep popping up, All of a sudden the Sec starts going bearish on ETFs, after months of positive feed back leading up to Bakkt, seems to me someone wants to have losts of cheap BTC eh!!.. you only need to look beyond that to see that Facebook is under fire for too much power because of its centralization, (Mark zuckerburg actually dodged a hearing lol #gangshit) google and amazon as well as many others are also currently being criticized and even sanctioned because of the amount of power the possess due to the centralized nature of their networks. (These names have combined worth of trillions by the way)
But guess who is waiting in the corner poised to take over?....
Decentralized Apps #DApps
Personally I believe DApps are the future of online interaction. One reason is that Dapps are designed to benefit the Users more than the creators. Steemit for example can be seen as an evolution of Twitter or Facebook. It offers users more power to manage there activities and preferences without any potential threat of undue influence that is currently the bane of today’s big players (snapchat, google facebook etc).Users also earn tockens that in
A more remarkable development in the Dapp industry comes in the gambling and gaming sector. The Gambling industry accounts for billions of dollars every year. It is estimated that online bookies clear 20billion dollars a month in profits. These figures are staggering and very impressive if you happen to own a casino, but it also represents money out of the pockets of gambler, some of whom are a problematic with the habit, and this is where the centralized gambling industry is flawed.
So how about if the casinos were owned by the same people that used it?, then loosing would not be such a problem as u are only loosing to yourself in the long run.
It may sound like a far reaching idea, but this is actually the structure for decentralized Gambling sites on the blockchain.
Tronbet has become a major success in the use of this model and will form a suitable case study for the subject.
Tronbet offers an unbelievably fair and transparent gambling system and currently offers two games (dice and Moon). Like any other betting platform all games come with a house edge which increases according to the level of risk in the bet and with tron bet the edge can be reduced to as low as 1.5%, giving the player higher chances of winning though with low payout.
The most significant development in the tronbet platform (as well as other similar gaming dapps) is the Ante token.
The ANTE token is a unique token that is issued to users of the trobet platform. Users are awarded Ante every time they wager a predesignated amount of tron (TRX) on the platform.
In practice, the ante token represents the holders share of the profits of the business. This means that holders can freeze/lock their ante and they will receive a share of the daily profits generated by the platform according to the amount of tokens they hold. The long term implication is that losses will eventually be recouped as the platform.
This transforms the gambling business into a collaborative one rather than a competitive one because the gamblers dont actually lose all their money in the long run when the finally decide to stop.
on a totally different note, the the case of the #Tronbet Dapp is a glaring illustration of the efficiency of blockchain networks Like TRON to handle huge transaction volumes at record speeds, daily transactions on the platform run into 7 figures with millions of dollars worth of TRX tokens in terms of volume.
A Lot of these decentralized echo systems have started to pop up here and there, seeking to offer a fairer and more inclusive internet experience. Moreso a lot of the Big tech companies have all invested significant sums of money into acquiring infrastructure that play significant roles in the crypto currency and blockchain Ecosystem (eg Microsoft Bought Github for $7.5 billion).
I once herd a trader say that the market reacts faster than the event. So I am wondering if we have already seen the hype from this BAKKT thing last year when BTC hit $20,000 or are we just reacting to some news that will happen next year after some good news this year... its all now like the matrix .....