TALKING CRYPTO KITTIES AND OTHER DAPPS - CRYPTO NIGHTS EPISODE #17

This weekend @alexmavor and I provide you guys with a brief introduction into Dapps, providing you with a clear roadmap and ways that you can stay on top of any that are of interest to you. We also briefly touch on the latest craze, Crypto Kitties.

Always Remember

Like anything in the crypto world, its important to have a grasp understanding of the underlying technology - The blockchain and as we know the blockchain is a ledger of organised blocks that are linked together through cryptography. Remember, the blockchain is not centralised and is not managed by a single entity.

So lets begin by quickly looking at Dapps common features.

1 – It’s an open source. This means that it is to be governed by autonomy and any changes are to be approved by a consensus or majority of users
2 – It’s decentralised. All records of the application’s operation are to be stored on a public and decentralized blockchain
3 – _Its to be incentivised. Validators of the blockchain should be incentivized by rewarding them accordingly with cryptographic tokens.
4 - Protocol. The application community must agree on a cryptographic algorithm to show proof of value.

The mother of Dapps
While both Bitcoin and Ethereum may be loosely defined as Dapps aimed at solving real-world problems, Ethereum has a much bigger plan in mind.
In Ethereum’s white paper, it was stated that the intention of Ethereum is to create an alternative protocol for building decentralized applications with emphasis on development time, security, and scaling.
Armed with its very own language, Solidity, Ethereum enables developers to form smart contacts using the Ethereum Virtual Machine (EVM).
With these tools available, developers made Dapps that have real-life use cases, ranging from asset management to resource planning Using blockchain technology, it appears to be a step closer to a decentralised world.

The RoadMapp for Dapps

Step 1:
If your looking to build your own, lets be clear. You won’t have an easy journey ahead.
As with any business, your whitepaper should address a problem you are looking to solve.
This must include goals, token distribution and how you to intend to go about it.

It’s important you go ahead and starting generating noise by building a following where you can gather valuable feedback
Once you have gathered enough momentum you can start crowdfunding and look at making your dapp a reality.

Step 2:

Welcoming a new dapp into the blockchain community is known as an ICO. A fundraising event based on token sales. Once listed on the exchange, pricing is corrected by price dynamics and the final value is settled by participants on the network.

ICOs are the driving force behind interest and innovation and drives value that is offered by the blockchain.

ButI’m not a developer, does that rule me out?

Not at all. You can stay up to date with developments, prepare your wallet and make sure your prepared for their launch!

Follow Us On:
• Steemit:
https://steemit.com/@antonburton
https://steemit.com/@alexmavor
• Twitter:
https://twitter.com/crypto_nights
• YouTube
Crypto Nights

First shoutout of the week is for @heimindager - the creator of the latest and very successful platform D-Tube.

The second goes to the creators of CryptoKitties.

As always don't forget to follow, subscribe, upvote and like and we look forward to seeing you next time!
@alexmavor & @antonburton