Technology is constantly changing, and even the way we develop software is evolving. In this blog article, we’ll go over how to create a dApp easily and quickly. DApps are becoming more popular than web apps these days. This is because they are simpler to work with and don’t require a server to run them.
Perspective Niches Using dApps
To discover how to make a decentralized app, you need to realize the numerous ways in which the apps are used. Decentralized apps are used in various niches, with a few discussed below:
Social media apps
The technology behind blockchain has been used to create decentralized application for social media. These platforms are a response to the censorship and privacy concerns that plague the likes of Facebook, Twitter, and YouTube.
Peer-to-peer gaming is also a big deal in the blockchain world. We’re not just talking about online casinos here either — although they are definitely part of the mix. Cryptocurrency games like CryptoKitties, for example, are hugely popular because they offer more immersive gameplay than traditional casino offerings.
Decentralized finance (Defi) is another exciting aspect of the blockchain revolution. This niche allows people to make financial transactions without involving traditional financial institutions like banks, credit card companies, or insurance providers. Defi products are encrypted so that only the participants can see them, which provides an extra level of security for users.
Music streaming apps
Music streaming apps like Musicoin allow users to stream music, earn cryptocurrency and pay musicians. Musicians can create accounts, upload original tracks, and get paid in Musicoin (MUSIC) by listeners.
Examples of Decentralized Apps
The emergence of blockchain technology has inspired developers towards how to build a dApp for everything from Airtasker markets to on-demand networks for open-source coders, to traceability solutions for diamonds, and more. See examples below
- Golem is a decentralized supercomputer that works cryptographically. The idea behind it is that if you have a computer that has spare processing power, you can sell it to people who need extra processing capacity for their tasks.
- Another well-known example of a dApp is the game Axie Infinity. How to make decentralized apps like Axie Infinity is by using Ethereum smart contracts to verify transactions and to allow users to buy and sell the tokens – in this case, Axies. Axie Infinity has 2,800,000 daily active players.
- BitMessage is an example of a dApp that doesn’t use cryptocurrency or smart contracts at all. In fact, it was designed as an alternative to Bitcoin in order to solve some of the problems with the original cryptocurrency.
- Uniswap is a protocol that enables the creation of decentralized exchanges by providing a single interface that allows any token to be traded with any other token. So far, Uniswap has recorded over $962 billion in trading volume.
- Raydium is a user interface for AMMs (automated market makers) like Uniswap and Sushiswap that makes it easy for users to trade tokens on these platforms. Radium’s trading volume is over $47 billion.
Workflow of a Decentralized App
In deternmining how to create dApps, the workflow of a dApp is similar to other traditional apps, but with some minor differences. Usually, there are three main components:
A front-end user interface
A smart contract
This is where the magic happens. A smart contract is simply a program that runs on the Ethereum Virtual Machine. The smart contract contains the business logic, which is equivalent to the code that runs on traditional servers. For example, an online crowdfunding platform uses a smart contract to control how funds are collected and dispersed.
A backend server
In how to create a decentralized application, this server could be written in Ruby, NodeJS, or anything else you’re comfortable with. Your backend server could run a local copy of an Ethereum client, such as Geth or Parity, to receive events from the blockchain and forward them to the client. Alternatively, it might use an API service provider such as Infura to connect to the Ethereum network without needing to run a local client.
Gains and Risks with dApps
Decentralized apps are becoming increasingly popular as blockchain technology continues to gain interest from technologists and investors alike. But what are the potential gains and risks in how to make dApp? And are they worth taking?
Gain 1: Resilience
Decentralized applications have no single point of failure. Hence, they are more secure, since there are no central servers for hackers to target. Since they are able to achieve global reach with minimal infrastructure, they are less prone to data loss or corruption.
Gain 2: Privacy control
Users of decentralized applications maintain complete control over their data and information, which is not the case with centralized services like Facebook and Google, where users have no control over their data once it’s handed over to the company.
Gain 3: Longevity
Decentralized apps will be accessible even if the original developers disappear. No single entity can remove them or change their terms of service. In essence, they can continue to run, evolve, and adapt without the need for constant human intervention and maintenance.
Gain 4: Low cost
Because we have eliminated the need for physical infrastructure, decentralized apps can be run at a minimal cost. More so, such apps use resources more efficiently than traditional apps. In addition, a decentralized system may be cheaper to run because it has fewer points at which things can go wrong.
Gain 5: Censorship resistance
No one can shut down a decentralized application like they can a centralized company or service unless they control every node on the network. Decentralized apps cannot be turned off by a far-away authority (like governments or big tech giants). They also cannot be censored because their code is public and the data lives on a peer-to-peer network.
Risk 1: No one is responsible
Because many cryptocurrency and blockchain organizations are decentralized, when people make a dApp, sometimes no one person or entity is directly responsible for the company’s actions. The app has no central point of failure. This might come with the benefit of increased uptime and fault tolerance. However, it also means there can be no guaranteed person to call when something goes wrong.
Risk 2: Third-party risks
Building a decentralized app depends on the availability of multiple third-party services (e.g., cloud storage) which may not be under your control. If any one of them fails, the entire app may become inaccessible.
Risk 3: Consensus failure
The app depends on the availability of a certain number of participating nodes in order to function correctly (e.g., a consensus algorithm). If not enough participants are present, the app may become slow or even stuck. Users will have to either wait for more nodes to join or find a way to incentivize existing nodes to participate more actively.
Key Features of Decentralized Application
In how to build decentralized applications, it is key to understand that they run on a peer-to-peer network of computers rather than a single computer. Some key features of to note when you create dApp are:
They are decentralized because they run on a P2P network of computers rather than a single computer. The power is not concentrated in one place; instead, it is shared among several computers. This means that no individual can control the application. For instance, instead of using a centralized cloud-based storage system like Dropbox, users can use a decentralized storage network like Storj.io or the InterPlanetary File System (IPFS) to store files and data.
The decentralized application runs automatically without any human intervention or third parties making decisions on behalf of users. All changes made to the dApp code must be approved by most users, not just the developers. This helps to give users full control over the application and its operation.
The application uses smart contracts for transactions. Smart contracts are computer codes that can facilitate the exchange of money, property, shares, or anything else that holds value. When smart contracts run on blockchain technology, they are called decentralized applications.
A dApp needs to incentivize its users in some way. Those who contribute to running the app usually get rewarded with some kind of internal currency or token that has value outside the app itself. For example, Bitcoin incentivizes users with Bitcoin rewards for processing the blockchain’s transactions (called mining). Alternatively, the Golem network incentivizes users with GNT rewards for sharing their computer’s processing power over the network.
Immutability and backup of your data
The immutable nature of blockchain is a great feature that cannot be compromised. Once the data is written on the blockchain, it is impossible to alter or modify the data. This feature can be used for backing up your application’s data.
People who know how to create a decentralized app understand that the application code is open source and can be viewed and verified by anyone. This allows for transparency and accountability so that no one owns the project and any changes made to it can be verified by everyone.
5 Steps to Build a Decentralized Application and succeed
At this point in time, the market of how to develop dApp is filled with a diverse range of solutions and approaches that each offer a different way to code and deploy a decentralized application. In order to succeed and get ahead of your competitors, you will need to focus on the steps needed to build dApp. Here is our step-by-step guide!
Decide on what you are building
Understand the problem that you are going to solve. Once you have understood the problem, you can then proceed to find out if there is a use case for a decentralized application. If there is a viable use case for a decentralized application, then you can proceed to the next step.
Research and understand the technology
The next step involves deciding upon the blockchain platform that would be used to build your decentralized application. There are a number of different blockchain platforms that have their own set of tools and features. Before choosing any one of them, you need to assess your business requirements and then select the most suitable option. However, most dApps today tend to use Ethereum.
Develop a prototype
Next, you need to develop a prototype that would show how your decentralized application would work in reality. The best way to make a good prototype is by having experience in developing dApps and blockchain projects already or hiring someone who has experience in this field. A good prototype should demonstrate why your idea is useful and show how it can be used in the real world.
Conduct market research
Once you have made a prototype, it is time to conduct research on how well received your idea is by potential users. You can create whitepapers, presentations, and other things to show potential investors what your idea is about and how it works. This will help you get funding for your project as well as raise awareness about it in the community at large.
Design your App MVP
There are different ways to create a decentralized app MVP. The easiest way is to use the Ethereum platform and the programming language Solidity, which is based on the C++ programming language. The application’s frontend design should be similar to any other web app, without the need to explain how it works. After creating the MVP and testing it to find a robust market-fit, the version 2.0 application development can begin.
In how to make dApps, you should have a very clear idea of what your main application is, and how it will work. You must also have considered the following:
- What is the user experience?
- What data will be stored on the blockchain?
- How will you manage that data?
- How are you going to handle transactions?
- How are you going to secure access to the dApp?
Tips to save and gain time while developing dApps
Creating smart contracts can be a difficult process. It is especially true when building dApps. The nature of these apps makes them very difficult to build, edit and debug.
In expensive places like USA and Western Europe, the rates for building a dapp can go as high as $50,000 to $100,000 or even more, depending on the project requirements. However, you can save costs with the Estonia-based ProCoders, which is located where the prices for development are cheaper because of lower living costs.
- In building a dApp, use an existing framework to speed up development.
- Use a service like Outstaffing. If you need developers in how to build dApps but don’t have the resources to hire full-time employees, then consider using outstaffing services.
- Write prototype, MVP, and QA testing requirements before you even start coding. This will help you avoid bugs later on in the process.
- People who have spent years on programming and blockchain technologies, such as ProCoders experts who have participated in numerous interesting projects, will definitely help you avoid potential risks and mistakes.
- Avoid overly complex smart contracts. The code must be simple, clear, and understandable. The more complex it is, the more likely it is that an error will appear in it
- If you are designing your own token in Solidity, be aware of potential overflow errors when you use multiplication, division, or addition operations with large numbers.
- Minimize gas usage by avoiding nested loops and floating-point operations.
How Can ProCoders Help in Building Decentralized Applications
ProCoders developers are available to work throughout the life cycle of a project, right from discovery and prototyping to building an MVP and launching the final product. We have expert front end developers, back end programmers, UI/UX designers, quality assurance testers, and so on.
Step 1 – Discovery
If you are building decentralized applications, it is important to find the right software development team. If the development team lacks experience or it is not functional, the project may fail. More so, bottlenecks in communication, especially during the discovery phase can contribute to project failure.
That is where ProCoders comes in, helping you to plan and implement a discovery phase appropriate to your project needs and requirements.
Step 2 – Assembling the Development Team
At ProCoders, depending on the complexity of your project, we can help you assemble a full-scale development team within weeks. Due to our high-value technical interviews, we ensure that our developers are not only proficient technically but also have the requisite soft skills such as critical thinking and problem-solving to deliver the appropriate solutions.
Step 3 – Development
The main development stage involves first building an MVP based on the project requirements and then making a full-fledged application out of that. What you find common to popular dApps such as Rarible, Uniswap, Axie Infinity, and the likes is that there are brilliant minds behind the project, and in ProCoders we deliver talents who contribute to your project with an excellent solution.
At ProCoders, we provide high-quality IT services for organizations that need to scale up their teams by adding skilled developers, QA engineers, and other specialists. We are based in Central Europe, which is one place to get the most affordable developers due to the optimized cost of living. Hence, we can deliver efficient dApps development to our clients.
In ProCoders’ experience, such a project requires the work of specialists such as a blockchain developer, analysts, and smart contract developers. Although Hashmasks’ experience came in-house. A similar product can be built cheaply using offshore professionals.
ProCoders, for instance can save a startup thousands of dollars, by taking the project offshore rather than building in the US, where developer costs are steep. More so, there is the added benefit of speed. ProCoders developers can get started on such a project within weeks and finish in a few months, making for better efficiency.
Gains from ProCoders
- At ProCoders, we supply you with talents who integrate well with your overall business mission, rather than coders who just write code and leave it at that.
- There are legal and intellectual property guarantees that your work belongs to you. ProCoders’ developers strive to protect the rights of their clients via reasonable agreements.
- When you work with ProCoders, there is a clear workflow that determines how the project will proceed, establishing precise milestones to ensure that the project proceeds smoothly.
As a result of our intuitive project experience, our clients have experienced cost gains, sometimes, even up to 40% of expenses saved by choosing to work with ProCoders. More so, speed and quality are part of our project qualities. Hence, our clients are guaranteed faster time-to-market. Projects that normally take months for other companies can be completed in only weeks with ProCoders due to our fast approach to assembling and integrating developers into a project.
This depends on what you consider to be a “dApp.” There are various ways of determining this, but we can make a general estimate. Nevertheless, it is hard to say exactly how many dApps are on Ethereum, as there are many that are still in the beta stage, and some projects are not currently open to the public. However, one estimate puts the number of live dApps around 3,000.
DApps monetize in several ways. They can integrate eCommerce to sell physical products or services; they can offer a subscription service for premium content or access; they can partner with other dApps and charge a percentage of each transaction as a commission; they can offer advertising space, like on their blog; or they can sell tokens that are used within the app that represent value-adds like power-ups.
There are a few ways to invest in dApps, but it all depends on what kind of dApp you’re investing in. Ethereum-based dApps can be invested in by purchasing Ether tokens, which allow you to pay the transaction fees for exchanging assets on the blockchain. Other dApps, like those that use EOS and Tron’s blockchains, accept tokens native to the platform.
- Decentralized applications are the future of online commerce. They don’t require a centralized authority, meaning they are more secure and reliable than traditional applications.
- One of the most profitable ways to build a decentralized app quickly is to use an outstaffing service. Outstaffing is when you hire a remote team of developers to work on your project, instead of doing it all yourself or hiring in-house employees.
- How to choose a development partner and find a reliable contributor? Has a proven track record; Has expertise in building decentralized apps; Offers flexible payment plans; Can work with your budget and timeline; Has capable developers who can easily adapt to new technologies; Can help you set up the necessary infrastructure and ensure that it’s secure.
From there, you can move on to creating dApps by building your codebase, tokens, and blockchain architecture environment itself, in order to bring you closer to a dApp that runs on blockchain technology. For this, though, you need a stellar team, and a quick way to put a team together is to use an outstaffing team, like the kind ProCoders offers.