RATE Group | What Ethereum Taught Us on How NOT to Do DApps
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What Ethereum Taught Us on How NOT to Do DApps

20 Oct What Ethereum Taught Us on How NOT to Do DApps

Posted at 14:17h in Ethereum News by

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Ethereum is known as the first great blockchain platform for decentralized applications (DApps), a pioneer for sure, but which suffered from some very high-profile scaling issues during its heyday, which it now seeks to remedy. As projects like Dash and the upcoming Dash Platform seek to replicate some of this functionality, we would do well to be careful not to repeat some of Ethereum’s past mistakes and hard-learned lessons. This is what we learned to NOT do when designing a DApp platform.

Older blockchains were purposed for immutable financial transactions

The problem comes from the way the original proof-of-work blockchain coins were designed. The key considerations were to maximize the security, decentralization, and immutability of the network in order to let anyone send payments and store funds that are not able to be censored or confiscated. As such, it makes absolute sense to have a security model based on a high network hashrate and where anyone can mine,…

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