Mar 19, 2019 19:33 UTC
Mar 28, 2019 at 02:36 UTC
Top 5 Ethereum-based Decentralized Applications
If you have read our beginner’s guide to dApps, you would know how effective and versatile these dApps, or decentralized applications, can be. Besides, if you have kept abreast of the blockchain scene as well, you can probably guess what one of the most popular platforms for dApps is. It is Ethereum and dApps deployed on it are quite widely used. Therefore, today, we will have a look at the top 5 Ethereum-based decentralized applications.
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Built on the Ethereum blockchain, this particular decentralized application works as a usual job hunting website or service would, except that it is completely decentralized.
Unlike similar services like Upwork, it does not have a specific company serving as the mediator helping to connect employers and prospective employees.
Instead, this serves as a decentralized database that lists vacancies and availabilities of freelancers and various kinds of service providers.
What is probably the most exciting aspect of this is the fact that it does not charge a fee for use. This makes it a particularly attractive way to hunt for jobs.
This decentralized app built on the Ethereum blockchain basically functions as an entertaining application or more precisely speaking, a digital game. On this particular dApp, users can buy, sell and even breed something called cryptocollectibles, which are basically virtual cats .
Each of these collectibles happen to be unique, and the platform often releases special edition collectibles for users to get their hands on. With this application, users can buy, sell and have fun. CryptoKitties is clearly redefining how entertainment works in the digital age.
This particular dApp, backed by Joseph Lubin’s ConsenSys, takes care of digital identity. It engages in management of digital identity and ensures no thefts take place.
We know that blockchain smart contracts are commonly deployed on the Ethereum blockchain and this particular dApp deploys some of its own in order to handle the data it collects from users’ mobile phones.
You May Also Read: Blockchain Use Case: Digital Identity
This is a decentralized cryptocurrency exchange which gives you benefits of anonymity and privacy not usually accorded to you by the more commonly used centralized crypto exchanges (such as Binance, Gemini or Kakao).
It allows users to trade on a wide variety of ERC-20 tokens and transfer the same to popular crypto wallets such as the Ledger Nano S.
Being decentralized, this kind of an exchange, while reaping the benefits of the underlying Ethereum blockchain, manages to uphold the inherent premise of decentralization connected to cryptocurrencies.
Golem is a particularly cool type of decentralized application built that allows you to earn some crypto tokens by renting out your computing power.
It creates a large database accessed by many, where you can put up your computing power for hire, just as you would do with your empty flat on Airbnb.
You can earn GNT tokens even as the blockchain community makes a better use of your unused computing space.
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