{"id":15524,"date":"2022-12-16T05:03:08","date_gmt":"2022-12-16T05:03:08","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/web3-applications-will-increasingly-be-built-on-custom-blockchains-says-ankrs-head-of-product-interview-bitcoin-news\/"},"modified":"2022-12-16T05:03:08","modified_gmt":"2022-12-16T05:03:08","slug":"web3-applications-will-increasingly-be-built-on-custom-blockchains-says-ankrs-head-of-product-interview-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/web3-applications-will-increasingly-be-built-on-custom-blockchains-says-ankrs-head-of-product-interview-bitcoin-news\/","title":{"rendered":"Web3 Applications Will Increasingly Be Built on Custom Blockchains, Says Ankr\u2019s Head of Product \u2013 Interview Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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As blockchain developers compete for traffic and resources for their respective dapps (decentralized applications), the downside to this, according to some in the industry, can be a poor user experience which in turn undermines the mass adoption cause. Therefore, unless current blockchains \u2014 both Layers 1 and 2 \u2014 can overcome niggling issues like high gas fees or poor network speed, it will be difficult to convince traditional organizations that they need the tech, according to Ankr\u2019s Josh Neuroth.<\/strong><\/p>\n

Overcoming Blockchain Scalability Challenges<\/h2>\n

In cases where an attempt to improve a blockchain\u2019s transaction throughput is made, history has shown that compromises that might affect the chain\u2019s security may have to be made. Alternatively, developers can consider overcoming this problem, known as the blockchain trilemma, using sidechains or application-specific blockchains (Appchains).<\/p>\n

As Josh Neuroth, head of product at the decentralized Web3 infrastructure platform Ankr<\/a> explained, the widespread adoption of Appchains may be the spark needed to kickstart and ultimately onboard billions of new Web3 users. In addition, Neuroth also suggested that Appchains can be used as tools which help developers \u201covercome scalability challenges by working together with other scaling solutions like Layer 2.\u201d<\/p>\n

To learn more about Appchains and how they can potentially be a solution to the so-called blockchain trilemma challenge, Bitcoin.com News had a conversation with Neuroth. Below are Neuroth\u2019s remarks.<\/p>\n

Bitcoin.com News (BCN): What are application-specific blockchains and why do you think they are necessary?<\/strong><\/p>\n

Josh Neuroth (JN):<\/strong> App-specific blockchains (aka subnets, sidechains, or Appchains) are chains dedicated to serving only one decentralized application. They are subnets of ecosystems like the BNB<\/a> Chain, Polygon, or Avalanche that support an added network of these \u201cchild chains.\u201d Appchains give developers the best of security, scalability, and customizability without needing to build an entirely new layer-1 chain from scratch.<\/p>\n

BCN: What distinguishes them from Layer 1 and Layer 2 chains?<\/strong><\/p>\n

JN:<\/strong> When building on an existing L1 or L2 blockchain, developers compete for traffic and resources with thousands of other projects. This can lead to a poor user experience with slow networks, high gas fees, and a lack of customization. Alternatively, Appchains dedicate all resources and infrastructure to support one app \u2014 leading to a much-improved UX.<\/p>\n

BCN: Why do proponents of custom blockchains believe these will play a key role in the mass adoption of Web3?<\/strong><\/p>\n

JN:<\/strong> Millions of excited new Web3 users are disappointed by high gas fees, slow transactions, hacks, and complexity. With a new solution to these scalability issues, devs can focus on providing streamlined Dapps that make every web user want to get involved \u2014 so Web3 can finally onboard billions of new users. In short, custom Appchains will start to provide all the benefits of Web3 with a better user experience than even established Web2 applications.<\/p>\n

BCN: How do your Appchains help dapp developers build custom blockchains uniquely suited to their application?<\/strong><\/p>\n

JN:<\/strong> Ankr Appchains is an end-to-end engineering service that lets projects pick and choose their specs for a new blockchain (built on ecosystems like BAS) while the Ankr team gets to work building it. Ankr Appchains are highly customizable for tailored programming languages, consensus mechanisms, development frameworks, and security features to suit any industry or use case.<\/p>\n

BCN: How useful are they for transaction-intensive use cases like defi and gamefi?<\/strong><\/p>\n

JN:<\/strong> Appchains are best suited to the types of use cases that have extremely high requirements for bandwidth and scalability. Building a game directly on Ethereum would mean a fairly slow and expensive experience for your players in terms of gas fees. With a game built on an Appchain, you can provide an always-low (or even zero) gas fee experience with blazing-fast transactions that don\u2019t distract from gameplay. The same principle applies to every new Defi protocol or DEX.<\/p>\n

BCN: Are custom blockchains the answer to the so-called blockchain trilemma?<\/strong><\/p>\n

JN:<\/strong> App-specific blockchains do address and provide a solution for each aspect of the blockchain scalability trilemma. They improve decentralization by creating an \u2018internet of blockchains\u2019 with new validators and nodes for diverse infrastructure. They improve security by enabling any customization or enhancement to security frameworks that developers can dream up.<\/p>\n

And finally, Appchains are extremely good at improving scalability by ensuring Dapps can support nearly any number of users or transactions. Appchains aren\u2019t the end-all-be-all to the complexities of the trilemma, but they are an added tool that helps us overcome scalability challenges by working together with other scaling solutions like Layer 2 that are already doing a great job to improve Web3\u2019s performance.<\/p>\n

What are your thoughts about this interview? Let us know what you think in the comments section below.<\/strong><\/em><\/p>\n

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\nTerence Zimwara <\/h6>\n

\nTerence Zimwara is a Zimbabwe award-winning journalist, author and writer. He has written extensively about the economic troubles of some African countries as well as how digital currencies can provide Africans with an escape route.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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