A decentralized application, or dApp, is similar to any digital app that we use on our smartphones. However, one of the primary distinctions between a traditional app and a dApp is that the latter is powered by decentralized blockchain technology. This ensures that no single entity controls the app or the user data generated by the app, which is why there has been a significant increase in the development of Ethereum dApp games.
According to stateofthedapps.com, there are over 4,000 dApps in use by over 97k daily active users. With over 2,970 dApps built on top of it, Ethereum leads the space, followed by EOS with 332 dApps and Binance Smart Chain (BSC) with 244 dApps.
Ethereum Dapps: The Backbone of Web 3.0
The amount of information and human interaction has increased dramatically since the invention of the Internet. We can produce and consume information at nearly infinite scales.
Unfortunately, control over this information has become increasingly centralized over time. This includes details about your social life, health, finances, and other interests. Those who control this information are the ultimate owners and have complete control over it.
These are essentially middlemen who store your information on centralized servers in order to provide you with services such as money storage, website hosting, connecting with family and friends, and so on. And, with the click of a button, they can deactivate your access to this (your?) information and all related services.
This is a monopoly over the information and services you create and consume. Fortunately, Web 3.0 is changing all of that, and Ethereum Dapps are playing an important role.
Web 3.0 is many things, but at its heart is a decentralized technology. Large corporations and governments will be unable to control Internet users through monopolistic, authoritarian tactics if information and services are decentralized.
With their ability to decentralize information and services, Ethereum Dapps provide a platform for Web 3.0 to deliver a completely free (as in freedom) and accessible Internet for everyone. Because there will be no middlemen to facilitate the flow of information and services, there will be no central point of control.
Some of the most promising Ethereum tokens and Dapps are laying the foundation for the future of the Internet, including:
- Basic Attention Token (BAT): A type of token that is used to improve privacy and value transfer between users, publishers, and advertisers. Brave is a web browser.
- Golem (GNT): a distributed compute node used to run code. Minds is a social media platform that facilitates the transfer of value between content creators and consumers.
- TokenSets: Tokenized automated asset management strategies are used to manage cryptocurrency assets.
- Aave: a cryptocurrency that is used to earn interest on cryptocurrency deposits and to borrow cryptocurrency assets.
- IDEX is a cryptocurrency exchange that is decentralized.
How Does a dApp Function?
A dApp has the same design components as a traditional app – a frontend and a backend. The dApps use smart contracts powered by blockchain technology on the backend. Smart contracts are small pieces of code that are written to perform specific functions when triggered by a condition. In an Ethereum-based dApp game, for example, when a player reaches a certain level of gameplay, a power-up should be automatically triggered. During the development of Ethereum dApp games, this set of instructions is coded in a smart contract.
This smart contract cannot be changed and requires no intermediaries to carry out the set of instructions, whether in a game or a financial dApp. The dApp’s front end, like any other app, serves as an interface between the backend and the user. The only significant difference here is the requirement for a digital wallet. The wallet must keep a record of the user account’s private and public keys. When the user interacts with the wallet, the transaction is sent to the smart contract, which then takes action on the blockchain.
Key features of dApps
Whether it is a Binance Smart Chain dApp Development or an Ethereum dApp, the core features are nearly identical:
Source Code
This is not a distinguishing factor between traditional apps and decentralized apps because most traditional apps also use open-source code. That is, the source code is openly available in repositories such as Github, where anyone can pick it up and build new features on top of it.
Operations are decentralized
This is the key differentiator. A decentralized gaming app is not governed by a single entity; instead, it is written as an automated piece of code with no human intervention. Second, user data is encrypted and saved across a network of decentralized computers to ensure its impenetrability and safety.
Incentivization
A gaming dApp will typically reward its users or network validators with native tokens. The validators are compensated for ensuring that the blocks on the chain are generated in a secure manner. To encourage active usage of the dApp, users can be incentivized for improved gameplay, transactional stats, or token staking.
There is no downtime
We’ve seen networks like AWS experience downtime, resulting in outages for thousands of apps. The most significant advantage of gaming dApps over traditional apps is that they are powered by a decentralized network and thus have no downtime. This is because they are not reliant on a centralized network, and if one node fails, the operations can be supported by other nodes.
Censorship Opposition
Traditional apps are easily infiltrated by malicious elements or government agencies. dApps, on the other hand, ensure that the user remains anonymous so that if any entity tries to sneak in and steal user data, they will never know to whom this data belongs.
Benefits of Using Ethereum Blockchain In Dapp Game Development
Smart Contracts
By automating a process, smart contracts eliminate the need for any intermediaries. It provides a more secure gaming experience because there is no central authority.
Immutability
The inability to change the data recorded on the blockchain provides the gaming platform with top-tier security and assurance that the game rules will not change over time, resulting in credibility among gamers.
Decentralization
Because the entire gaming network is decentralized, gamers have complete ownership of their data, points earned, and funds.
Encryption
Because the Ethereum blockchain network is fortified with multiple layers of security, a dApp game cannot be hacked.
Size of the network
Ethereum’s large customer base and ongoing success demonstrate that it has the potential to execute multiple transactions in a matter of seconds.
Token Specifications
Gaming entrepreneurs can combine the potential of both ERC-20 (Utility) and ERC-721 (NFT) tokens to provide gamers with a unique gaming experience.
Business Advantages of Developing Ethereum Gaming Applications
- Reduced cost of gaming development if the best network and blockchain development company are chosen.
- Exceptional Return on Investment
- Every download generates revenue for the game’s owner.
- Reduced fraudulent activity
- A low-cost business model
- High-level security and protection for both players and developers
- The Ethereum dApp game can assist you in serving mobile players.
- Because the game is open source, players can suggest or develop updates or improvements at any time.
To Summarize,
Ethereum-based dApp games have earned a whopping $33 million in their first year of operation. The total revenue in 2020 is expected to be around $98 million. It demonstrates that Ether dApp games are the gaming industry’s future. If you want to create your own Ethereum dApp game, the dApp Development Company can assist you. They can offer a highly secure gaming platform built on blockchain, complete with cutting-edge functionality and advanced security features. Also, provides a DeFi crypto wallet for users to secure their funds with our Ethereum dApp gaming platform.