In my last article we brought into focus the issue of fake Dapps that stem largely from a lack of a Secure Data Storage Layer for Bulk Data.
Now let us consider not just the Dapp, but the token that operates within that Dapp, who controls it, and how transparency can be achieved. I believe that in order to provide truly 'trustworthy' Dapps, people need to be able to more easily understand what they mean, and not just hope the Dapp they see in front of them does what it claims it will do.
The first successful application of blockchain was realized in the creation of Bitcoin. The simple act of being able to transfer tokens without the double spend problem carried with it many other issues being resolved. These features currently exist both in Peerplays and other blockchains enabling the creation of tokens that can be managed in various ways both public and private.
As developers rushed to utilize smart contracts with these tokens, the two never seemed to intersect in a way that would enable the smart contract algorithm to predetermine the distribution of the token, once again leaving users exposed, and Dapp developers liable. Looking at the landscape today, this trend continues and has led some to turn to regulatory scrutiny instead of providing an algorithm solution which can transform the landscape of how we utilize token distribution.
Requires a method for creating a well tested framework that provides secure and stable gamified smart contracts. It should operate in such a way that even non-technical users of these contracts can easily understand what the rules of the contract represent.
Such a framework has been introduced called Tanks and Taps. This provides the ability to define modular composable structures for token implementation and control. Removing the need for the Dapp developers to have their hand in the distribution of such token ecosystems, enabling new organic gamified smart contracts to flourish as they gain adoption in their applications.
Because of its simple to follow structure, the mechanics of any smart contract are easily visualized for the end user in any interface. This eliminates the need for complex explanations of how the contract works, reducing the cognitive load on users, reducing barrier to entry, and making Dapps developers more likely to succeed in clearly communicating all aspects of the contracts status, options, and permissions provided to the end user.
This in combination with Peerplays SONs that enable native Bitcoin and other cryptocurrencies to become nativdly supported in Peerplays smart contracts and be utilized within games and gamified operations.
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This is the 8th in a series of articles I will be making over the next month. Be sure to subscribe to get notified of future posts to find out where this goes.
Have thoughts on what I shared? Feel free to leave a comment and share!
