Want to develop a dApp on WAX?
Watch the 5 Powerful Use Cases for Blockchain
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Transcript
App or dApp? I get this question a lot. You’re a developer. You’re curious about this new technology, the blockchain, but you don’t know whether it’s something you should consider. I’m going to give you a simple framework to help you make that decision. But first, what’s a dApp? Okay, so a dApp, which is just an app with a D that D is decentralized app, is just an app that uses the blockchain for some reason.
The key is for some reason, if you’re going to build a dApp; you need to answer that question. What do you want your dApp to do that can’t be done any other way, that can’t be done without some other existing technology other than the blockchain?
What capability do you want to embed in what you’re building to make it a killer product? And that capability requires the blockchain.
Now this begs the question of course, what does a blockchain do? What does a blockchain do well? Let me share something with you. I’ve been thinking deeply about that very question for 7+ years and I’ve come away with a few conclusions.
The first – blockchain is the worst possible way to do just about anything and I really mean that. And maybe at some future date we’ll go into all the reasons why. It’s the worst possible way to do just about anything except… and I think there are five exceptions. There are five things a blockchain does better than anything else on earth. Now in the next video right here, I’m actually going to go into what those five things are and maybe it’ll spur you to think about what a sixth or a seventh great thing you can do on a blockchain that hasn’t yet been done. I’ll talk to you soon.
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*Correction: at 0:24 it should say decentralized not distributed
