Blockchain is gaining attention in mainstream media while amassing a cult following of early adopters. Sensational news demonstrates, that for some companies like Longfin, Kodak, or Long Blockchain (formerly Long Island Iced Tea) that acquisition of a blockchain company, announcements of token offerings, or company name changes signaling intent can send stock values soaring.
Diving deeper than hype and speculation, blockchain is still in infancy. Significant barriers to adoption of blockchain fall on accessibility and user experience. In this article, we present the hurdles industry leaders are tackling in developing user interfaces (UI) and user experience (UX) that will improve blockchain usability and result in higher adoption.
What are dApps?
Decentralized applications, otherwise known as dApps, are open-sourced apps that provide incentivization of users and block creation through token economies and adhere to protocols that dictate crypto economic rules for maintaining the consensus nature of the blockchain – the p2p distribution network on which it runs.
To be considered a dApp, an application has to meet a set of criteria:
Open Source: freely available code source, often published to repositories like GitHub
Incentivized: those providing computational power can mine coins. Tokens generated have inherent value
Decentralized: built on a technology that utilizes cryptography and packs transactions into blocks for immutability via consensus
Algorithmic/Protocol: consensus and token generation
Once an application meets requirements to be considered a decentralized application, it is classified into one of three types.
More details:
https://byjakt.com/blockchain-design-ux-usability/
