The document discusses the rise of cryptocurrencies and decentralized applications (DApps). It argues that we are entering a new era driven by DApps, which are applications that run on decentralized networks without centralized control. DApps have the potential for mass adoption due to features like decentralization, consensus-based validation, open source code, and internal digital assets or tokens. However, challenges include potential centralization of networks due to economies of scale, and risks from trading decentralized assets on centralized exchanges. Overall, the document frames the emerging cryptocurrency phenomenon in terms of a major technological shift enabled by DApps.

2. A New Paradigm is Rising
What should we call it?

3. Should we call it the rise of
Digital Currencies?
Are we only facing a new method for
payment and some alternatives (digital,
virtual or cryptocurrencies) to the
conventional fiat money?

4. So how can we justify the insane rise of
cryptocurrencies’ price?
Is it rational to have more than 1500 cryptocurrencies right now?
Did you know that bitcoin’s 1,000% rise
doesn’t even make the list among the
top 10 cryptocurrencies of 2017?
Is it a scam?!!
A Ponzi or pyramid scheme?!

5. Digital or cryptoassets is the more accurate
way to address these new phenomena
Cryptoassets act both as a tool for transferring and storing
value digitally in the network
They are only one aspect of these new networks and in many
cases payment is only a side functionality of the network
Bitcoin and payment are like Email to the internet era, the
first use case, the first public application

6. So should we call it the
Blockchain Era?
The technology behind bitcoin and many
other cryptoassets

7. Blockchain is only a solution, a new technology in this
ecosystem that was first employed by the bitcoin network
Blockchain is a method for players in a network to reach consensus on the state of the
system in a trustless manner (in the case of bitcoin this state is the amount of bitcoin
that is mined and by who and the wallet balance of the actors)
It acts like a single database shared and controlled by distributed and independent
nodes throughout the network who don’t need to trust each other
It is not the only available consensus method, some networks like IOTA and MaidSafe
employ other solutions (Tangle and SAFE Consensus, respectively)

8. So what should
we call it?!!

9. Today we are facing a new breed
of decentralized applications that
can be scalable and profitable and
have the potential for mass
adoption.
This can be the next step in the
evolution of technology.
We are entering
the DApp era.

10. Architectural
How many physical
computers or nodes is a
system made up of? How
many of those computers can
it tolerate breaking down at
any single time?
Political
How many individuals or
organizations ultimately
control the computers that
the system is made up of?
Logical
Does the interface and data
structures that the system
presents and maintains look
more like a single monolithic
object, or an amorphous
swarm?
Of Decentralization
Meaning
THE

11. Putting the concept into context
Blockchain-based DApps are politically decentralized (no one controls them) and
architecturally decentralized (no infrastructural central point of failure) but they
are logically centralized (there is one commonly agreed state and the system
behaves like a single computer).
These DApps can be fault tolerant and attack and collusion resistant.

12. Four key features of Profitable DApps
Decentralized
Consensus
Open Source
No Central Point of
Failure
Internal Token or
Digital Asset

13. Of DApp Tokens
DistributionMethods
Crowd-sale tokens (ICO)
Developer tokens
Premined tokens
Minable tokens

14. Top 5 Biggest ICOs to Date
Telegram Token Sale Target: $1.2 Billion!

15. So where are we on the
adoption curve?

16. The DApp Economy, in Perspective
June 2017

17. The DApp Economy, in Perspective
February 2018

18. Right now, we are kind of in the 1993–1994
creation period during the early Internet days

19. With the same rate of innovation and adoption the Facebook
and Twitter of cryptocurrency would have been a decade away.
But with the current rate it is probably closer to 3-5 years away.

20. Adoption rate of different technologies
On this graph as we near the digital age we see adoption skyrocket, especially with each generation
getting up to speed faster than the last. Kids born now are digital era natives, these kids will be the first
generation completely using DApps and cryptocurrencies.

21. Some Challenges

22. The conflict between value transfer and value
storage functionalities of cryptoassets
Laszlo Hanyecz bought
these pizzas for 10,000
bitcoins on May 22, 2010 –
which today would be
worth $90 million.

23. Is it really decentralized?!!
Economies of scale lead to
centralization in networks
where validators are chosen
based on their computing
power.
Over %80 of bitcoin blocks
are mined by 6 mining
pools.

24. Decentralized assets traded on centralized exchanges
Centralized exchanges are
prone to hacking and
government interference. The
organizers of centralized
exchange can easily block
their users’ funds.

25. THANK YOU
For your attention