On the Usefulness of Blockchains
Here is a listing of ideas that pertain to blockchain technologies. Although there is much to learn, it may be worth it because applied blockchain technologies may create strategic business value. Consider the following:
(1) The Cambrian Explosion of applied cryptography innovation has resulted in a large number of cryptocurrencies, each with a use case and often its own ecosystem of businesss and software development.
Blockchain technologies are enabling organizations to create new revenue models.
(2) Blockchain technology is disrupting many industries, especially banking and financial services. As traditional finance builds a layer of blockchain functionality, one emerging trend is FinTech.
Another disruption trend happening is due to DeFi applications. These DeFi apps are currently providing simple financial services such as loans on a blockchain and borrowing on a blockchain. The age of programmable money on the Internet is upon us.
Adding Value with a freeradiantbunny cryptocurrency inquiring system
Therefore, the aim of this blog is to consider how the various cryptocurrencies (especially those developing DeFi technologies) might add value to the freeradiantbunny application.
The idea is to leverage the webapp freeradiantbunny and create a knowledge management system for analyzing cryptocurrencies.
Adding Value by integrating DeFi Technologies
The exchange of money and currencies (stored on blockchains) is being programmed so that transactions are executed by smart contracts (which are also on blockchains).
Consumers access these cryptocurrencies and financial services via web applications on their smartphones and/or desktop computers.
Financial services are evolving into decentralized apps.
People are interested in smart contracts for alternative solutions.
These smart contracts are programmable agreements placed on the blockchain. The smart contracts are the centerpiece of a whole new class of application called dApps.
The marketplace for these dApps is growing, especially on Ethereum Virtual Machine blockchains.
Measures of this growth of the dApps markets are shown by this Dapp.com 2019 Annual Dapp Market Report.
Existing DeFi dApp use cases include DEXs, with examples being atomic swaps and flash loans.
The increase in DeFi dApps users suggests a growing market. See also the rankings of DeFi dApps.
In conclusion, the freeradiantbunny application could benefit from DeFi dApp technology.
We ask: How might DeFi dApps technologies add value to the freeradiantbunny application?
To research this question and to explore the opportunities of blockchain technology, we next consider the skills of Blockchain Developers in general and one who develops DeFi dApps in particular.