Web3 requires "WordPress moment" to promote beneficial disruption
When it comes to the potential of blockchain, developers have only just begun to scratch the surface. Here's how to accelerate development.
With the debut of Bitcoin, the main cryptocurrency and the first successful application of blockchain technology, blockchain development has gone a long way. Blockchain application cases outside of the banking industry are now possible thanks to the Ethereum blockchain's introduction of smart contracts.
Independent developers and industry titans from all industries raced to grasp the dynamics of this new technology by developing a wide range of decentralised apps as a result of the quick, immutable, and decentralised characteristics of blockchain. With examples like rapid cross-border payments, digital identification, play-to-earn games, nonfungible tokens (NFTs), and even supply chain management systems, blockchain-based apps and services have prepared the way for disruption in many industries over the years.
Regardless of the state of the cryptocurrency market at any given time, the introduction of new and diverse blockchains resulted in a growth in the developer ecosystem. According to a recent research by Electric Capital, over 15% more full-time Web3 engineers joined GitHub between December 2021 and December 2022, which also happened to be the months that saw probably the greatest crypto meltdowns in recent memory.
Despite all the advancements, the blockchain technology's potential for disruption has only just begun to be explored by the developer community. Blockchain has the potential to change the world, starting with the most established sectors that rely on manual procedures, such identity authorization and supply chain management, thanks to its open-source nature, complete transparency, and ever-expanding number of alternative networks.
Board meetings at corporate offices are made more enjoyable when visions of a better society are discussed using blockchain-based solutions. It is much more difficult to implement that high-level choice than it is to think of new blockchain use cases. Unavoidable friction persists between the conceptual stage of a new DApp that has the potential to upend an industry and the beginning of the coding for it.
Simply said, developing a blockchain-based software or service requires the application to read from or write to the actual blockchain network. Blockchain networks require server hosting in order to function, just as all other networks. The development team still needs to maintain the blockchain's synchronisation even after choosing a trustworthy cloud provider for hosting.
Each subsequent hard fork, a substantial upgrade to the blockchain, would need the developers to update their client software to a newer version after the initial synchronisation with the network. Moreover, DApp developers must make sure that the hardware satisfies the storage requirements in self-hosted deployments because every new block adds new data to the blockchain.
All things considered, typical blockchain development may quickly become an expensive project, costing up to six figures a year. For Web3 project teams, spending so much time and money on creating a tech stack and acquiring infrastructure is less than ideal since they require as little friction as possible between the conception of an idea and its actual implementation as DApps.
Web3 requires its "WordPress moment"
Web3 developers want a solution that integrates the blockchain backend in the same manner that WordPress makes it easier to construct content platforms. In order to assist Web3 developers, QuickNode, a top end-to-end blockchain development platform, makes it simple for projects to launch immediately, get started, and expand without difficulty.
Co-founder and co-CEO of QuickNode, Dmitry Shklovsky, said:
“On the highest level, blockchain technology has the potential to evolve most of our daily processes and how we fundamentally transact with institutions and each other. From DeFi to supply-chain solutions to digital identity and keeping records on a public ledger, the use cases for blockchain are limitless — and we’ve only just begun to scratch the surface.”
The use cases for blockchain technology will only expand as it becomes easier to develop them, according to Shklovsky, who noted that many Web3 users view crypto wallets as their passport to the internet. "Looking ahead, we see passports, licences, car keys, voter registration, art collection, loans, deeds, educational certifications and membership cards all in the same place — seamlessly accessible, interoperable and secured by cryptography," he said.
QuickNode, a supplier of blockchain infrastructure, gives Web3 developers quick, scalable access to 18 different blockchain networks, including Ethereum, Bitcoin, Polygon, and Solana. Industry heavyweights like Adobe, Twitter, Coinbase, OpenSea, Chainlink, and Nansen now turn to QuickNode as their preferred blockchain provider due to its low latency, dependability, security, and scalability across all major blockchains.
Any traditional industry has a lot of room for growth when seen through the lens of blockchain. More openness is required for the flawed internet ad-revenue-sharing economy, just as ethical and trustworthy product sourcing is required for retail.
Blockchain technology holds the key, and QuickNode seeks to assist the expanding Web3 developer community by making execution simpler and facilitating wider adoption through interoperability and scalability. The team added, "We've just seen a fraction of blockchain technology use cases, and QuickNode will always assist Web3 developers creating for the present and the decades to come. The future is bright."
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