How AppChains Could Help Transform Web3, dApps and Blockchain Technology

AppChains or ‘application-specific blockchains’ allow Web3 developers to offer tailored services.

Written by Radhika Parashar, Edited by David Delima | Updated: 17 July 2024 18:35 IST

How AppChains Could Help Transform Web3, dApps and Blockchain Technology

Photo Credit: Unsplash

The high cost of developing AppChains is a notable liability, that adds to their drawbacks

Highlights

AppChains are said to have been created in 2016
They help dApps function on dedicated, individual blockchains
AppChains allows hyper customisation for dApps

Global interest in blockchain technology has grown significantly in recent years, and India is no exception to this trend. Among the latest developments within the Web3 ecosystem, “AppChains” have captured the attention of developers. These ‘application-specific blockchains' represent a crucial stage in the ongoing development of blockchain technology and could help shape the sector as well as the Web3 industry. AppChains or ‘application-specific blockchains' are designed to support Web3 apps offering specific services. Because of their design to support only a particular dApp, AppChains provide a decongested base supporting a seamless functioning of connected apps.

These AppChains were reportedly conceptualised back in the year of 2016 by blockchain players like Polkadot and Cosmos. This was to prevent clashes among dApps for blockspace and lower latency. As per a CoinGecko explainer posted last year, the aim of these appchains is to “future proof' dApps as they navigate the constantly changing and volatile landscape of Web3.

New AppChains That Have Joined the Web3 Ecosystem

Two AppChains have recently become part of the larger Web3 ecosystem. Wirex, a London-headquartered payments platform is launching its own app chain called Wirex Pay, that is built atop the Polygon blockchain. Through this specific chain, the firm wishes to facilitate crypto transactions.

US Regulator Warns of These ‘Professor' Scams Aimed at Crypto Users

Similarly, ApeChain, an AppChain created to support the ecosystem of ApeCoin, was also launched.

AppChains: Beneficial or Liability?

Over the last few months, several commentators have described the importance of AppChains and the kind of impact they could have on the current blockchain infrastructure.

However, others have taken a less favourable stance, citing a few shortcomings of these AppChains.

Bihar Officials Plan Uniform Blockchain for IT, E-Governance Uses

Peter Kris, the co-founder of Web3 firm Gasp.xyz recently claimed that the hgh cost of developing AppChains is a notable liability. The need for hyper-customisation is the reason why AppChain development costs are higher. Kris also added that presently, AppChain users are scarce that leads to lack of adoption. Despite its challenges, Kris noted, “AppChains have their place as undeniable winners in efficiency, so in mid/long term, they will proliferate”.

Is the Samsung Galaxy Z Flip 5 the best foldable phone you can buy in India right now? We discuss the company's new clamshell-style foldable handset on the latest episode of Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.

Affiliate links may be automatically generated - see our ethics statement for details.

Comments

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.

Further reading: Cryptocurrency, AppChain, Blockchain, dApps, Web3

Radhika Parashar

Email Radhika

Radhika Parashar is a senior correspondent for Gadgets 360. She has been reporting on tech and telecom for the last three years now and will be focussing on writing about all things crypto. Besides this, she is a major sitcom nerd and often replies in Chandler Bing and Michael Scott references. For tips or queries you could reach out to her at RadhikaP@ndtv.com. More