It is no secret that the internet is now an enormous part of most people’s daily lives. But it can be easy to forget about the impact such wide spread use of it has on the IT and programming sector. In short, the growth of the internet has resulted in a huge increase in the interest in online programming. With this has also come a specific awareness of a blockchain development company. Although this technology is widely known and discussed within certain circles, not many people actually know much about the history behind its development. In fact, the history behind the technology is almost as fascinating as the technology itself. So, keep reading to find out more about the history of blockchain development.
The History of Blockchain Development: The technology has quite an interesting history, this is mainly due to the fact that it was created and refined by two separate people. Due to this, there are actually two types of system, these are known as Ethereum and NEO. Although the systems vary in how it is done, both platforms allow users to build dApps. Each blockchain developer uses a programming language; however, the languages used differ. Basically, Ethereum and NEO are two separate programs that allow users to do the same thing, but they differ in how this is achieved.
Neo: Da Hongfei and Eril Zhang launched the program in 2014 under the name Antshares, which they later changed to NEO in 2017. The main difference between Neo and Ethereuum is that Neo allows creators to build dApps in a range of programing languages. The most commonly used languages are C# and Java; as these are widely used languages, it makes it easy for experienced users to build on this platform. Neo’s primary focus is to offer platforms for the digital business world; due to this they work closely with the Chinese Government and are careful to follow Chinese business regulations. Neo is also considered as being the fastest network available and therefore able to process lots of transactions per second.
dApps: The software built through blockchain development is most commonly known as dApps, otherwise called decentralized applications. Interestingly, the first system of its kind was bitcoin, through its peer-to-peer system. Neo and Ethereum, however, are designed to do more and allow for other dApps to be built on them. The main goal of these applications is to allow users to build build decentralized versions of currently centralized apps (alternatives for twitter, google and uber for example).
As exciting as the prospect of blockchain development is, it is safe to say that the story behind its origin is just as interesting. The fact that there are two separate strands of the technology not only allows users choice, but also provides two separate views on the concept. So if you are considering building your own dApp, don’t forget that you have two options, each with a slightly different way of reaching the same goal.