Taking a Look at genEOS
How can one build a blockchain-powered service? There are two options. First, developers can craft their own blockchain and only then build an app on top of it. Second, to use a blockchain ecosystem like genEOS.
This post will outline the target audience of blockchain-powered platforms, illustrate the advantages for Dapp development, and analyze a blockchain ecosystem’s features based on the genEOS example.
Who’s Up for a Blockchain Platform?
Integrated development environments for blockchain (IDEB) is the way to go for anyone who’s interested in building a blockchain-based service. For example, a startup that comes up with a solution to a business problem through blockchain. Or a company aiming to implement a distributed ledger in its business processes. Or just a team of an outsourcing vendor creating blockchain solutions for their clients.
Why use blockchain platforms instead of developing Dapps from the ground up? Mainly because they allow crafting Dapps faster and at a reasonable price. Developers will just use pre-engineered features like cryptography, decentralization, and tokenization, to cut the cost of ownership.
Vision of genEOS
genEOS aims to spread the blockchain technology wider among companies from different industries by making the development of blockchain solutions more affordable and accessible. This is how it can help.
Data Encryption
Cryptographic encryption by genEOS allows keeping data and user identities secure. This is one of the core blockchain advantages delivered with no hassle for genEOS adopters.
Highly Usable Components
To make the development environment more convenient, genEOS accommodates developers with the planned Web toolkit.
User Permission Schemes
With geneEOS, there’s no need for Dapp developers to design permission schemas on their own anymore. genEOS has patterned four options of user rights: those for anonymous and logged-in users, for separate individuals using a genEOS-service, and any custom user groups specified by Dapp developers.
genEOS Advantages
genEOS appeals to Dapp developers because it allows focusing on business logic rather than on the development of its separate components. Compared to bread cooking, it’s like having all the ready-made ingredients instead of having to grow and grind your own wheat. Altogether, this approach brings the following advantages.
Cost Reduction
Software development is expensive, so using pre-designed, off-the-shelf components provided by genEOS is cost-efficient. The platform provides databases, account permission, user authentication, and in-app communication modules.
Focus on Security
The security mechanism of genEOS is in its decentralized approach to data storage. The platform guarantees decentralization by using the Proof-of-Stake concept.
Speed and Scalability of Transactions
Any transaction to be recorded in a genEOS-powered app requires confirmation by 21 blockchain members. This number doesn’t change even if the application scales. This guarantees resilience of the service without growing in time or cost consumption.
IDEB Facilitates Software Development
The IDEB by genEOS allows creating, deploying, and maintaining Dapps. The environment includes such components as tokenization, smart contracts, and immutable ledgers.
Takeaways
genEOS supplies Dapp developers with a ready-made blockchain-based ecosystem. It can be used by businesses of any size and industry to adopt blockchain in their operations at fewer costs and risks.
Among the genEOS features, there are data encryption, decentralized data storage, and multi-role permission schemas. These components allow cutting costs on development while making Dapps scalable and secure. On top of that, smart contracts and tokenization are included in the IDEB by genEOS, which makes Dapp development faster and easier.