We have high expectations with positive evaluations about future innovations that blockchainwill bring. Bitcoin demonstrated the possibility of the functions of money through decentralization, and Ethereum used smart contract with technological advances to create a foundationon which many applications could actually operate. Smart contracts and decentralized applications (DApps) enable various services on the blockchain. As DApp services have increased anddiversified, the blockchain ecosystem has matured. Given the superior incentivization structure,stability, and transparency under the decentralized network, DApps can be a game changer forthe entire software business in the near future.However, the speed of DApp’s development is significantly below the public’s expectations,and there are even doubts about the effectiveness of the blockchain technology itself nowadays.Particularly, limitations are found, for example, Ethereum network with more than 1,000 DAppsis unable to provide effective technical support due to scaling issues. In addition, efforts to solveall the problems about decentralization, safety, and scalability (called Trilemma) at once in theprotocol level, have led to the phenomenon of “Protocol Fever,” in which the number of protocolsis larger than that of DApps. Given the fact that DApp developer’s first decision is to selecta blockchain network protocol to provide DApp services, the current phenomenon of ProtocolFever is a major impediment to stable DApp development environment. The presence of variousprotocols and diverse DApps deepens mismatches with each other’s needs.Despite the structural problems of this blockchain technology, it has revolutionized beyondthe national and industrial sectors, and most of them have been commercialized using their ownmanaged blockchains (or private blockchains). In the field of copyright and logistics in particular,the private blockchain is pioneering new areas with unique data reliability and performanceimprovements. For instance, “IBM Food Trust,” a blockchain-based food tracking network thatwas commercialized in October 2018, is a system that utilizes its own managed blockchain bysharing all details such as food origin and transportation records.The ecosystem of dynamic DApp environment is essential for the development of blockchainas an innovative service. As with many other high-tech fields, the DApp field has difficulties thatmust be surmounted to construct its ecosystem and establish stable business service platforms.In this chapter, based on the technical environment of the blockchain described above, we definethe problems that may arise in the DApp development environments, present the prerequisitesfor its solutions, and ultimately show Bifrost solutions for the DApps to work.
This offer is based on information provided solely by the offeror and other publicly available information. The token sale or exchange event is entirely unrelated to ICOholder and ICOholder has no involvement in it (including any technical support or promotion). Token sales listed from persons that ICOholder has no relationship with are shown only to help customers keep track of the activity taking place within the overall token sector. This information is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice or carry out your own due diligence before taking, or refraining from, any action on the basis of the content on our site. Any terms and conditions entered into by contributors in respect of the acquisition of Tokens are between them and the issuer of the Token and ICOholder is not the seller of such Tokens. ICOholder has no legal responsibility for any representations made by third parties in respect of any Token sale and any claim for breach of contract must also be made directly against the Token issuing entity listed herein.
If you have any concerns about the nature, propriety or legality of this token sale or the persons involved in it please contact [email protected] with detailed information about your concerns.