Some believe that the technical difficulties of decentralization outweigh its benefits. Developers are constantly searching for ways to finetune user experience without lowering the distributive and autonomous edge that decentralized apps provide. While topnotch user experience is the gold standard for platforms looking to attract a mainstream audience, the technical restrictions of dapps make it a tad difficult for developers to unlock such a level of functionality.
This narrative is just but one of the many challenges that developers face when working with blockchain technology. In this article, we will shed light on these limitations and possible solutions.
What Are the Downsides of Creating Dapps?
With just 4,000 dapps created in the last 5 years, it is safe to say that the development phase of decentralized infrastructures is not all that efficient. The fact that over 1,000 dapps have been abandoned in the same timeframe paints a clearer picture of how challenging it is to maintain blockchain-based applications. There are just too many moving parts and not enough infrastructure and building tools that are efficient enough to manage and solve blockchain’s unique hurdles.
The distributive nature of these decentralized applications entails special consensus mechanisms for even the most trivial of updates. This may become a challenge when the security of the dapp is on the line since every node must agree on the best line of action and update their software accordingly. Also, the siloed nature of legacy blockchain networks often limits the scope of dapps’ operations.
Speed is another recurring issue that seems to reduce the efficacy of blockchain infrastructures. To this end, solutions have begun to innovate tools and platforms designed to optimize the process involved in creating or maintaining dapps for more appealing end products. One of such platforms that are making headway in this regard is Bifrost.
Bifrost: A Blockchain Middleware Platform
Having understood the pain points of decentralized apps, Bifrost has set out to become the gateway of innovative solutions tailor made for blockchain developers. Perhaps the most compelling aspect of Bifrost’s offerings is that its development kit supports multiple protocols. In essence, developers can modify their applications to a wide array of blockchains and create enhanced smart contracts that are compatible with each. Therefore, Bifrost provides interoperable blockchain infrastructures and solves one of the core restrictive effects of siloed legacy networks. In light of this, it comes as no surprise that Bifrost has emerged as one of the solutions poised to crack the Bitcoin DeFi dilemma.
All developers need to do is select target blockchains for each section of their codes and Bifrost multichain technology automatically translates, compiles, and deploys them on the appropriate blockchains. With this, it becomes easier for developers to switch in between multiple chains.
Away from interoperability, Bifrost also improves on speed. The platform claims that one of the dapp created with Bifrost technology logged a speed of 3,000 TPS at 75% less gas during testing. Notably, the solution provides an IDE, monitoring functions, and client services for additional testing and management features for decentralized apps.
Already, the Bifrost team has begun demonstrating the effectiveness of its products in the DeFi landscape. Bifrost powers BiFi, a DeFi lending and borrowing application poised to deliver advanced features and the best interest rates in the market. BiFi looks to showcase the innovative power of Bifrost and resolve the issues – like speed, scalability, cost, interoperability, and user experience – attributed to the Ethereum ecosystem.
Following the launch of BiFi, the platform plans to introduce Bifrost Suite. This product focuses on establishing an enabling environment for the development of DeFi applications. More importantly, Bifrost recently partnered with Chainlink as part of its ongoing global partnership campaign to solidify its place at the heart of the DeFi ecosystem.
Other Notable Mentions
Cosmos is another project focusing on enabling improved development tools and services for blockchain developers. The service offers scalable interoperable modular designs that allow users to transfer assets between multiple blockchains in the Cosmos ecosystem. However, it is worth mentioning that unlike Bifrost, Cosmos does not function as a smart contract enhancer nor does it let developers combine the features of established blockchains.
There is also Polkadot, which has a unique architecture for building interoperable blockchains. Developers can use the Substrate framework to connect their chains to the Polkadot network. Although Polkadot presents a means of creating customizable blockchains, the restrictiveness of the application-based chains to the Polkadot network is a critical downside. Again, developers prefer to have all the improved functionalities brought to blockchains with large networks of users.
While the likes of Bifrost and Cosmos are making strides in the blockchain development scene, there is still a lot that needs to be done. The long-term viability of blockchain as a back end for applications heavily depends on the success of these solutions.