Bitcoin Global News (BGN)
January 09, 2019 -- ADVFN Crypto NewsWire -- Blockchain
professionals told us time and time again that decentralized
applications would help us get to widespread adoption of blockchain
technologies. The fact is however, we still have not crossed this
plateau, which the current Dapp usage numbers serve to effectively
illustrate.
With this in mind, the central
question to answer then becomes: what are we missing? What sort of
blockchain use case would help us to increase industry growth
exponentially, like what arguably already occurred in
2017?
Today, via CoinDesk, David Lu
penned an article that posits that decentralized exchanges could be
the answer to many of our woes. Beyond their obvious use case in
significantly increasing the overall liquidity of the crypto
market, Lu claims that they could also serve as a special bridge
for the gap in user numbers that Dapps have been experiencing since
their inception.
To truly understand what this
means, it is important to begin by being clear on how Dapps
function. Essentially, the wide majority of them have their own
native tokens, which means that none of these tokens are
interchangeable between applications. In addition to this, most
crypto users do not own many different tokens, according to
Lu.
With these ideas in mind, Lu
appears to conclude that decentralized exchanges could connect to
all existing Dapps in order to provide what he calls a “seamless
user experience.” Overall, what he means by this is that these
exchanges could either create some sort of token that can be used
with many different Dapps at once or simply do what they are
already doing, except in a way that users never have to leave a
Dapp to access the proper funds to use it.
In other words, the answer to Dapp
and therefore, further blockchain growth, might lie in bridging all
of the disparate tokens that create walls around each and every
Dapp, due to a lack of interoperability.
Perhaps, 2019 might be the year of
the Dapp and the DEX becoming one, in a sense.
By: BGN Editorial Staff