Since launching in 2015, Ethereum has become the secure backbone for decentralized applications (dApps) on the decentralized web 3.0.
Ethereum offers developers platform and tools for creating dApps, and with several different Ethereum smart contract tokens, such as ERC20, ERC677, and the newer ERC1155, now available to developers the variety of dApps is mind-blowing.
Things haven’t taken off as quickly as some had hoped, but this is due to Ethereum’s scaling issues more than the dApps themselves, but as Ethereum 2.0 rolls out over the next couple of years, we can expect a plethora of web 3.0 dApps.
In this article I look into 5 Ethereum dApps that are exciting and I think you should keep an eye on.
MakerDAO (MKR) is a decentralized lending platform with its own stablecoin DAI, which it uses for lending and borrowing.
MKR’s main utility: The MakerDAO Collateralized Debt Position (CDP) is a smart contract protocol that runs on Ethereum. It is a core component of DAI, which is a USD pegged stablecoin but isn’t backed by USD.
Source: Ethereum Nexus