In the last few weeks, Bitcoin has hit incredible lows. At the time of writing this, crypto analysts, who are strangely usually wrong about crypto, say it has broken resistance and will go lower.
Some say it may even hit the 20,000 mark. So it's fair to say that the interest in cryptocurrencies, alongside trust in moon hype, has subsided. However, what hasn't subsided is the interest in the blockchain.
People might be less interested in buying crypto today than they were a year ago, but most people interested in the blockchain 12 years ago are still interested in it.
If you are one of those people and think that the internet of the future will be built on the blockchain, congratulations. You're probably right. All the signs of Web3's capacity to eat Web2 are already there, and it's probably smart to start working on that assumption.
To plan for that future, you might be interested in building something on the blockchain. It may be a Dapp, it may be a protocol — it could be something entirely novel. But since Web3 is still a pretty nebulous concept, as many people still don't know what they mean when they refer to it, it's difficult to find sources on what people need to know if they are building in it.
That's why we'll be going through some of the things you should know if you think building on the blockchain is something worth your while.
Do you need a blockchain?
This is probably the first question you need to answer. Before you dive head first into the very complicated business of building a Dapp or a protocol, you need to know whether it's vital to your business.
If your business requires a central authority, speed over security, and doesn't require a database, auditable history or a trustless environment, you might be better served sticking to traditional systems.
Continue reading: https://www.entrepreneur.com/article/429706
Some say it may even hit the 20,000 mark. So it's fair to say that the interest in cryptocurrencies, alongside trust in moon hype, has subsided. However, what hasn't subsided is the interest in the blockchain.
People might be less interested in buying crypto today than they were a year ago, but most people interested in the blockchain 12 years ago are still interested in it.
If you are one of those people and think that the internet of the future will be built on the blockchain, congratulations. You're probably right. All the signs of Web3's capacity to eat Web2 are already there, and it's probably smart to start working on that assumption.
To plan for that future, you might be interested in building something on the blockchain. It may be a Dapp, it may be a protocol — it could be something entirely novel. But since Web3 is still a pretty nebulous concept, as many people still don't know what they mean when they refer to it, it's difficult to find sources on what people need to know if they are building in it.
That's why we'll be going through some of the things you should know if you think building on the blockchain is something worth your while.
Do you need a blockchain?
This is probably the first question you need to answer. Before you dive head first into the very complicated business of building a Dapp or a protocol, you need to know whether it's vital to your business.
If your business requires a central authority, speed over security, and doesn't require a database, auditable history or a trustless environment, you might be better served sticking to traditional systems.
Continue reading: https://www.entrepreneur.com/article/429706
