People are still moving from Web 2.0 to Web 3.0 and figuring out how to keep up with the current technological landscape. Therefore, now is the ideal time to learn about dapp development and establish yourself as one of the pioneers who benefited from this innovative and extremely lucrative technology.
With Dapps constantly rising in demand, many entrepreneurs and tech-tycoons are highly interested in developing dapps. With the help of this informative blog, you will have in-depth knowledge about the dapp development process' mechanics. Then you'll finally realize that learning about dapp programming is beneficial.
What You Need to Know About DApp Development
Firstly, the dapp development process is a relatively new phenomenon in the IT industry. It's similar to your applications on your PCs and smartphones. The only major difference is that your regular applications are centralized, and dapp, as the name suggests, is decentralized and requires a P2P blockchain network, giving you a more secure and transparent experience.
P2P is a platform based on a very simple principle: decentralization. The architectural type of blockchain enables the worldwide transfer of all cryptocurrencies without the need for any middle-man, intermediaries, or central server.
Furthermore, Dapps, as opposed to conventional apps, are created on the blockchain platform. As a result, it offers a platform for developing its front end in any programming language, with the back end entirely running on the P2P network. In addition, dapps are blockchain-based; therefore, you may independently create your application based on your company's requirements.
More: Learn About Our Exceptional DApp Development Services
How Decentralized Apps Work?
The name decentralized application or dapp comes with the concept of blockchain. Blockchain is a peer-to-peer, distributed database network hosting a continuously growing number of transactions. Each block is secured by cryptography and timestamping and validated by every authorized database member.
Smart contracts support enterprise blockchains by automating tasks; they are simple programs stored on the blockchain that are automatically executed when predetermined terms and conditions are met. Smart contracts can easily be integrated with the application just by following these simple steps:
You can think of a smart contract replacing the back-end in application development. For example, Ethereum smart contracts enable you to build architectures in which a network of smart contracts share data. However, one thing to remember when working with smart contract design is the inability to alter the code after deployment.
Secondly, the thing to put into consideration is the smart contract architecture design. A large smart contract may be costly to deploy and use. Therefore, some applications may opt for external data sources and off-chain computation.
Read More: How to Build Your Own Blockchain Marketplace
Dapp Development Process (Step by Step)
There are several steps that the developers need to take to create a dynamic decentralized application.
Step 1: Analyzation of use cases and choosing technologies
The first step involves the requirements-gathering phase of the dapp development process, and then the planning and mapping occur. The critical aspect of this step is fee optimization.
Step 2: Designing and Building the Architecture
The initiative of the GDPR-compliant PoC development takes place, and the entire dapp development process overview is displayed. After these two steps, the cross-contract interaction is planned. It's better if the data is stored on the cloud platforms.
The dapp development process now takes a turn by shaping and modeling the app with a user-centric look and feel. Low and high-fidelity clickable prototypes are then formed.
Step 3: Development of Smart Contracts
After acquiring the platform-specific analysis result, the smart contract development goes through multiple testing cycles before it gets integrated with the front end. Then the dapp is connected with the blockchain.
The smart contract is then executed to check its functionality. Finally, the performance of the smart contract is optimized to get the best results.
Token and ICO Launching
One of the most popular Initial Coin Offering (ICO) business models to consider is to bootstrap the project through Crowdsale. On this increasingly popular online platform, participants can purchase tokens in cryptocurrency and later turn them into valuable asset tokens. Taking this path leads to the consideration of several points.
Step 4: Creating UI/UX Designs
After the development process of the dapp, we move to front-end designing. One of the foremost goals of the entire dapp development process is the development of a web-oriented, fully responsive UI. Gateways and APIs are then connected. Content and design go hand in hand throughout the dapp development process. As a result, engaging and compelling content is produced.
The transactional statuses are customized to the user's requirements, and the transaction feedback is reviewed after completing the transactions. As a result, UI/UX designs are repeatedly updated due to safeguard smart contract data. The front end is then integrated with the dapp, and we move toward the testing.
Step 5: Quality Assurance
In-depth automated and manual checking is performed, and the app integration, functionality, and user interface are tested rigorously. The resources with limited consumption are controlled, and a full software audit report is generated.
Read More: Top DApp Development Frameworks in 2022
Step 6: Deploying and Upgrading the Dapp
Deployment is in action once we are through the testing phase. Now it's time to publish the app on preferred applications marketplace(s). The backlog is prioritized, and the feedback-based ecosystems are updated. The new microservice integrations or smart contracts are integrated if necessary. Then, upon request, the dapp migration or porting begins.
Royalty Fees
The owner is paid a chunk of the fee on each transaction. The amount is set in the contract. All features are available as long as the user follows the rules outlined in the smart contract.
Monetization
Do not underestimate the influence of in-app advertising because it is a very effective monetization technique. Moreover, there is a selection of advertising tactics available. So consider it another means to make money from your dapp project.
Factors Affecting Dapp Development
Let's take a closer look at the factors affecting the Dapp development process.
Complexity
To enter the dapp development, you must choose blockchain technology and a suitable programming language. The total development cost is directly proportional to the technology chosen. The complexity increases as you increase the usage of custom functionalities.
Types
There are mainly two types of dapps; the first type directly communicates with the Bitcoin wallets and MetaMask in the form of crypto. The second, which comes as a token, communicates with smart contracts and, when necessary, with protocols like Tron and Ethereum.
Team Expertise
The team size, qualifications, domain, and location directly affect the dapp development process. The more experienced personnel you hire for your project, the higher their hourly rates will be. But, it is risky if you want to hire a novice developer.
Industry
The total cost required in the dapp development process depends on the industry; for example, banking, health, e-commerce, or gaming industry. Unfortunately, all have complexities, and you cannot build a generic app that will fit all.
Development Cost
Lastly, development cost changes the entire dapp development process. The labor cost is calculated according to the business' infrastructure, topology, and location. Other costs, such as hiring, healthcare benefits, insurance, and leaves, are also added.
Read More: A Simple Guide to Web3 Development Stack
How to Start In-House Dapp Development?
Once you have analyzed the prevailing factors and the importance of the Dapp development process, you can follow these steps to build your dapp:
Cubix as Your Dapp Development Partner
At Cubix, we develop highly engaging dApps. We assure the security of your dapp with our advanced dapp development process. Our team provides a range of fast, secure, and adequate services, fulfilling your business needs.
Collaborate with us to build your ideas into a fully-functional dapp in no time.
