Developing apps using the blockchain can be a tricky task, but there are some Best Practices that make the process a lot easier. Here are four of them:
Decoupling front-end applications from the back-end
Developing an application with a decoupled backend and frontend allows you to make the most of both. It will help you to reduce the cost of development and provide a smooth user experience. In fact, it may even allow you to build a faster customer experience.
While decoupling a frontend is not a new technology, it is becoming increasingly popular. Using a decoupled system allows independent teams to develop different components at the same time. This enables more rapid changes and also increases security.
In addition to improving user experience, a decoupled site will also provide the ability to handle traffic spikes. In addition, it can handle long development delays.
A good example of a decoupled system is an intermediary API that connects data in the backend with the frontend. This allows developers to reuse API functionality for multiple sites. In addition, it makes development of web applications easier and more secure.
Using Typescript instead of JavaScript
Using TypeScript instead of JavaScript for blockchain app development can be an excellent choice. It can help you build robust and scalable applications. It offers the flexibility to target multiple browsers and operating systems. You can even use it with automated software testing.
As a result, it's become a popular alternative to JavaScript for front-end web developers. The type-checking feature, which is an optional feature, helps detect bugs during the compile phase.
TypeScript also supports interfaces, which are a good way to organize code. In addition, TypeScript uses the OOP paradigm to develop scalable code.
You can run a TypeScript program on a wide range of browsers and operating systems. However, it's important to note that the code is transpiled to JavaScript before it's executed. This enables TypeScript programs to be portable across different browsers and operating systems.
Creating a Dapp network
Creating a Dapp network is a complex process. It requires a team of dedicated specialists. It is also expensive. In many cases, the cost can be as high as $50,000 or $100,000. Luckily, there are some alternatives that can help reduce these costs.
For example, many developers are choosing decentralized storage solutions to retain trust-minimized properties. This means that users don't have to worry about losing data or being hacked.
Another key component of a Dapp is a token. Tokens allow users to reward the developers of the app with internal currency. The tokens usually have value outside of the application.
There are three key players in a Dapp network: the DApp developer, the DApp Service Provider, and the DAPP Token. Each has an important role to play in the ecosystem. The DApp Service Provider provides communication and storage for dApp developers. They are also integral partners in maintaining and growing the DAPP Network.
Avoiding data tampering
Developing blockchain apps requires a few key considerations. These are not limited to the technical aspects of the system. For example, it is not uncommon to see the need for third party validation of data. This means that a blockchain app development melbourne needs to be developed with the proper security routine. While it may not be possible to prevent all tampering, a strict application security routine will mitigate the risk.
In addition to preventing tampering, it is a good idea to consider a few other measures to ensure that data is accurately represented on the network. For instance, a machine learning model can be used to detect anomalous data submissions. Also, the offending parties can be reprimanded, suspended from future inputs, or deprived of financial collateral.
A good data integrity strategy will also involve the use of a trustworthy oracle to provide critical information to the blockchain. Oftentimes, the oracle is the same entity that serves as the source of the data. Moreover, it should be able to provide transparently recorded data inputs.
Following KYC and AML rules
Having a system that is compliant with KYC and AML rules is important to protect the financial sector from the risks associated with money laundering and terrorism financing. These regulations protect both the customers and the institutions. However, many fintech firms have unique challenges in complying with these laws.
Know Your Customer (KYC) refers to a process by which financial institutions assess the risk of fraud on their customers. The standard is designed to protect financial organizations from corruption and money laundering. It also establishes a company's reputation as trustworthy.
To verify a new customer, an institution will typically check the identity of the individual by looking at official documents. It may also flag certain transactions to prevent identity theft. It will also continually monitor the activities of the customer.
