The masses have already shifted to the lucrative and productive mobile ecosystem. Businesses are also working on their toes to develop better and more result-oriented mobile applications. The current trend in the world of app development is Decentralized Finance or DeFi dApps.
Decentralized finance apps are those that are built on a decentralized network. It means that there is no central authority controlling the dApp. Instead, it runs on a peer-to-peer network. DeFi dApps have a lot of potential because they offer end-to-end security. It is because there is no central point of failure in these apps. If one node in the network goes down, the others can keep the dApp running.
Why should your business think about DeFi dApp development?
There are several reasons why your business should think about DeFi dApp development. Let's have a look at some of them:
More control over data:
When you develop a DeFi dApp, you will have more control over your data. This is because there is no central authority that can access or control your data. Instead, all the data is stored in a decentralized network, which means that it is safe from hacks and other security threats.
Better security: As we mentioned above, DeFi dApps offer end-to-end security. This is because there is no central point of failure in these apps. If one node in the network goes down, the others can still keep the dApp running.
DeFi dApps are also more scalable than traditional apps. This is because they are built on a decentralized network, which can handle more transactions than a centralized network. Compared to conventional mobile development technologies, a dApp can process a large number of transactions without any downtime.
Another reason why your business should think about DeFi dApp development is that it can help you save money. This is because there is no need to invest in infrastructure or servers when you develop a dApp. Instead, all you need is a computer with an internet connection.
How does DeFi dApp development improve security?
Security is the most critical concern for businesses these days. With the increase in cyber-attacks, it has become essential for companies to build secure applications. DeFi dApp development can help you achieve this goal.
When an enterprise launches its application on a blockchain network, it becomes difficult for hackers to tamper with the data. This is because all the data is stored in a decentralized network, which is spread across the globe. Hackers would need to access each node in the network to make changes to the data, which is almost impossible.
Another way DeFi dApp development improves security is by offering transparency. All the transactions that take place on a blockchain network are visible to everyone. This means that if there is any suspicious activity, it can be easily detected and prevented.
Moreover, when it comes to managing a bigger team, security is again an important aspect that cannot be ignored. A dApp can help you manage your team more securely. This is because all the data and communication between the team members will be stored on a decentralized network. Compared to conventional technology, businesses have a better scope of innovation also so that they can serve their clients in a better way with the help of DeFi dApp Development.
Get started with Seven Bits' DeFi dApp development:
Seven Bits is a leading DeFi dApp development company. We have a team of experienced developers who can help you build a secure and scalable dApp. We offer:
Multiple blockchain framework support:
Our developers are well-versed in different blockchain frameworks, such as Ethereum, EOS, and Tron. They can help you choose the right platform for your dApp according to your business needs. With 8+ public and private blockchain frameworks, we can help you build a dApp that is secure and scalable.
Bespoke DeFi solutions:
Our developers can build a dApp from scratch according to your specific requirements. We understand that each business is different and has unique needs. Therefore, our bespoke solutions are designed to meet your particular requirements.
Legacy system migration:
If you have an existing application and want to migrate it to a blockchain network, our developers can help you with that. We have experience in migrating legacy applications to a blockchain network. Our team analyzes the existing system for robust risk mitigation and smooth transition.
Seven Bits' blockchain consulting team helps businesses make better decisions about their dApp development project. Our team of consultants has years of experience in the blockchain industry. They can help you with every step of your project, from planning to execution. If you are looking for robust DeFi dApp development solutions, Seven Bits is here to get you started. Contact us at [email protected] to discuss your project requirements.