- Decentralized applications (dApps) are modern day apps based on blockchain systems
- EOS is a blockchain platform which helps developers build Dapps on top of it with its efficient smart contract capabilities
Decentralized application adoption has increased far faster than expected. People like to use this application because they can manage their data on their own. This has increased the confidence of the developers who build these Dapps. In a similar way, many blockchain platforms are coming to help developers build these Dapps.
EOS is such a blockchain platform that provides infrastructure to develop industrial-scale decentralized applications. The platform mainly focuses on the issues that the traditional blockchain system faces. These issues include scalability, gas fees, energy consumption, upgradability, and many others.
The platform enables parallel processing of smart contracts to achieve scalability and uses the Delegate Proof-of-Stake (DPoS) consensus mechanism to become energy efficient. However, this is just the context needed to understand what EOS is. In this blog, we will get to know about the top 5 Dapps based on it that you must try.
Top 5 DApps Based on EOS that you must try
1. Upland
Upland is a metaverse project built on the EOS blockchain that enables people to socialize and earn money. The initial development of the platform started in 2018, but it was released in 2019.
The platform captures the potential of Web 3.0 with its advanced technology of virtual properties, real-world addresses, historic landmarks, and many more. It is trying to bring blockchain technology to mass audiences through a gamified experience.
2. DeFibox
Defibox is a one-stop application platform with low transaction fees, fast operations, and
Multi-protocol functions. The platform was officially launched on the EOS blockchain in July 2020.
It is the leading DeFi project where users can participate as depositors or borrowers. Depositors provide liquidity to the market and earn passive income. While, borrowers are able to borrow tokens with the help of collateral and pay interest.
3. Crypto Dynasty
Crypto Dynasty is the first player-v/s-player (PVP) role playing game on the EOS blockchain. The game was launched in May 2019, and till then, it has been one of the most popular blockchain games.
The game also works in a play-to-earn where you can earn from the game while playing it. It has a variety of game items, characters, arena matches, and a unique smart contract marketplace where you can use cryptocurrency to buy and sell materials.
4. Newdex
Newdex is the world’s first EOS based Decentralized exchange, which enables users to facilitate exchanges or swaps with utmost security, transparency, and speed. The platform was launched in August, 2018.
By using blockchain technology in its functionality, the platform gives real-time accessibility to its users, making it impossible for the exchange to operate in dark. Users can keep their private keys with them securely.
5. Bullish
It is an EOS-blockchain based crypto exchange that was launched in November 2021. It could be an innovation company centered on creating budgetary administration for the digital assets division.
It is attempting to create a world where clients can be bullish on their financial future. To pick up the consideration of standard groups of onlookers and retail educators, it is creating the following era’s foundation.
