What is the Best Platform to Store Decentralized Applications (DApps)? There are a multitude of platforms and, we will highlight in this article: Ethereum, Polygon and Binance Smart Chain.
DApps is an abbreviation for Decentralized Applications and these applications - unlike regular applications - a DApp is an application built within a Blockchain (a decentralized network) distributed and shared by hundreds of people.
These applications are governed by a community (called DAOS) and these community members have decision-making power based on the amount of tokens each individual has, so they work in a very democratic way.
Let's leave an exclusive article we did about these Decentralized Autonomous Organizations so that you understand more deeply about them.
The most interesting thing is that there are several options for developers. The most famous Blockchain we have today is Ethereum, right after that, the most used is Polygon (a layer 2 solution that aims to make Ethereum more scalable). We'll explain to you how it all works below.
How Do Bitcoin and Altcoins Work? There is not only Tornado Cash, however, this topic is gaining a lot of repercussion due to the negative news. Let's explain to you now what they are!
What is the Best Platform to Store Decentralized Applications (DApps)? There are a multitude of platforms and, we will highlight in this article: Ethereum, Polygon and Binance Smart Chain.
Many companies in the Crypto Market - essentially the Exchanges - are going after the creation of Credit Cards to encourage investors and enter deeply into this market. Find out how it works!
What to Expect from the Cryptocurrency Market in the Long Term? This is a topic that generates a lot of discussions, because no one can predict the future, but we can create theories about it!
As we mentioned above, the best known platform, without a doubt, is Ethereum (the oldest network among these, more secure and decentralized). But there are some other interesting ones that are Polygon and Binance Smart Chain.
So, what is the most interesting platform for a developer to store their decentralized application? Be it a Game or NFT?
One of the most important points to consider when choosing which network to store a decentralized application is certainly the Transaction Cost (or as they say, the price of gas fees), because like it or not, this will affect all users and, Ethereum is the most expensive network we have on the market today, so it's worth considering using the other networks.
It is a fact that Ethereum is more secure and decentralized, as it has an infinitely greater number of miners than the Binance network, for example, but in terms of the price of fees, it leaves much to be desired compared to its competitors. Therefore, the solution to this problem could be Polygon - which inherits the security of Ethereum and makes transaction signatures be carried out in another layer, thus making it more viable.
The number of Polygon users is gradually surpassing the Ethereum network - this explains the efficiency of the network.
The Binance Smart Chain network is also excellent in terms of fees and transaction speed, the only point that leaves something to be desired is decentralization (as it has a much lower number of miners and validators on the network than the other two mentioned), so we recommend the Polygon.
Therefore, if you are a developer, know that this option is very personal to each one, after all, there are excellent projects being built within all these networks, among others like Solana and Cardano, however, these other networks are still small (in terms of development ) compared to the three we've mentioned here, so they may be subject to greater vulnerabilities.
But that's not really a negative point. We have excellent projects like Audius, Raydium and Star Atlas using the Solana network, so they benefit from low rates without having the need for a second layer like the relationship between Ethereum and Polygon.
Lucas Lippe
The idea of freedom is fascinating and Bitcoin gives us that in many ways. Exploring ideas of a decentralized web on the Bitcoin Lovers website.
Cryptocurrency investments are risky. The Bitcoin Lovers website is not responsible for the quality of the products or services presented on the pages and cannot be held responsible, directly or indirectly, for any damage or injury caused after the use of a good or service highlighted in this or any other article. Cryptocurrency related investments are risky in nature, readers should do their own research before taking any action and invest only within the limits of their financial capabilities. This page or any other article does not constitute investment advice.
AMF Recommendations: There is no guaranteed high return, a product with high return potential involves high risk. This risk-taking must be in line with your project, your investment horizon and your ability to lose part of that savings. Do not invest if you are not willing to lose all or part of your capital.
