...by Daniel Szego
quote
"Simplicity is the ultimate sophistication."
Leonardo da Vinci

Thursday, March 24, 2016

Notes on Blockchain Apps

Bitcoin and Blockchain technologies seem to live theirs second hype cycle. The focus however seem to be chaining. Previously the major focus seem to be to create new digital currencies, like BitcoinLitecoin or for instance Dogcoin. However the focus is getting to go to technologies that are build on the Blockchain technology but not necessarily focusing on a digital currency, rather general applications as well, like private decentralized web sites (Zeronet), or blockchain based contracts (Smart Contracts) or Smart Property. It is however more interesting that not only out of the box products (or perhaps I should say networks) are possible, but general development framework as well. As an example Ethereum provides not only a general Blockchain product but rather a framework that allows to build further applications on the top, the so called decentralized Apps or simply Dapps. As of course it is still questionable if ethereum will succeed on the market, despite such platforms provide the opportunity for individual developers or developer companies to create small scale projects and application without the challenges of a whole product development.