As a web3 developer, it requires more than a fantastic project idea to start and scale Web3 Development project. It takes a devoted team, competence, and a blockchain platform with everything a startup needs. A lot goes into choosing or switching to a Blockchain Technology Company—the blockchain platform with the necessary tools and adequate assistance to develop your project.
Before deciding on a blockchain platform for Web3 Development, there are five things to consider.
There are just too many aspects that make a network an excellent fit for your Dapp projects to cover in a single blog post. Instead, we’ll concentrate on five of the most critical aspects of blockchain development:
- Ethereum compatibility
- Security and scalability
- Cross-chain interoperability
- Real-world data oracles
- Community and grants
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With the growing popularity of Dapps, the Ethereum platform has faced direct pricing and scalability issues: a simple transfer from token A to token B can quickly cost $50 while interacting with a more complex DeFi program or game can easily cost three figures.
Apart from the Ethereum blockchain ecosystem itself, many Ethereum-compatible blockchains are available. Ethereum compatibility is divided into EVM (Ethereum Virtual Machine) compatibility and Ethereum RPC (Remote Procedure Call) compatibility. Virtual machines are used in the protocol of any blockchain platform that supports smart contracts. When a blockchain’s virtual machine uses the same smart contract programming language as the EVM, such as Solidity, we refer to it as “EVM Compatible.” This means that any smart contract written for Ethereum (in Solidity or any other language) can be deployed to an EVM-compatible blockchain without changing the contract’s source code. However, it’s important to double-check the EVM version used: the latest versions always include security updates and new language capabilities.
Most Dapps have some form of “frontend,” a blockchain “client,” that provides a user experience for users to interact with the Dapp’s underlying smart contracts: this is often a conventional Web app, but it might also be a mobile or desktop app. This “off-chain” element of the Dapp has to interface with the blockchain to access the smart contracts, which is made feasible by the RPC API exposed by the blockchain nodes. When a blockchain is Ethereum compatible at the RPC API level, it means that an Ethereum Dapp’s frontend can communicate with it without updating the source code. Any Ethereum blockchain program, including MetaMask, Truffle, and Hardhat, can work natively by simply referring them to a Gateway Node.
Scalability and security
Any blockchain network must prioritize security. Before launching your Dapp, you should conduct thorough research into the platform’s protection you intend to use. You should have a thorough understanding of their security architecture and be able to detect any security vulnerabilities. Always choose those that have never had a significant security issue in the past, are audited by top security organizations and have a team with experience in cryptography and security.
Scalability is another crucial element to consider before launching your project to avoid delayed or rejected transactions and unexpected surges in transaction costs, which could make your Dapp slow, expensive, or even unusable.
As a result, scalability is critical to the success of your Dapp: new consensus techniques like Roll-DPoS have shown to be capable of handling thousands of transactions per second while maintaining decentralization and best-in-class security. You want to provide your users with quick transactions, cheap costs, and a positive user experience.
Cross-Chain Interoperability for Web3 Development
Do you want a project that performs well? Then developing a Dapp that is limited to a single blockchain is no longer feasible. Developers that want to build a diversified community across various blockchains and reap the actual benefits of interconnection and decentralization face difficulty because all blockchains do not interact with each other by default.
Cross-chain interoperability allows a blockchain to exchange data and assets with other blockchains in real time, enhancing the utility of both connected blockchains. As a result of dissolving the walled structure of blockchains, an interwoven distributed ecology will emerge. Using “cross-chain bridges” allows for seamless financial transactions across two completely separate blockchains.
When choosing a cross-bridge, always select a decentralized bridge over a centralized bridge to ensure that your Dapp retains the benefits of decentralization. Cross-chain technology is critical for your Dapp since it allows your tokens to be “transferred” between multiple networks, boosting interoperability and letting your project thrive.
Real-world Data Oracles
Blockchains had only had access to price feeds and data taken from historical databases and APIs. Increasing the amount of data available to blockchains is crucial for developing specific Dapps, particularly those dealing with the real world. Making your Dapp operate with real-world data is both powerful and challenging because blockchain cannot reliably take data from any external system as a built-in feature (this is called the “Oracle problem”)
Not all blockchains are integrated with oracle infrastructures, so picking a platform with access to one or more real-world data oracles will significantly broaden your Dapp’s horizons. When Dapps can access trusted real-world data, they can generate all kinds of new Dapps. GPS position data, health data, traffic data, and natural disasters are just a few possible inputs.
Community and Grants
The value of having a community of like-minded developers cannot be emphasized enough, as it will influence your project’s speed of execution and technical skills to a considerable extent. Joining and connecting with a blockchain community lays the groundwork for communicating with a vast collection of other developers in less-structured settings, allowing you to break free from your company culture and test your ideas. Building on an Ethereum-compliant blockchain also gives you access to many additional Ethereum developer communities.
As a developer, you should choose a blockchain platform with strong funding and mentorship programs in addition to the community. Many blockchain platforms have set aside a significant portion of their funds to support research, new project development, and community-building efforts.
A blockchain enterprise with little resources to learn blockchain technology can be dangerous or prohibitively expensive. Grants would help you realize your aim of creating a decentralized solution. Some platforms provide mentorship to help you take your project from conception to completion. Identify and build on these platforms to streamline your project’s development and boost your chances of a successful launch with the help of Web3 Development Company