Cryptocurrency is an ever-evolving industry, and there are so many opportunities for traders and investors to take advantage. However, there is one question in any new business venture that has to be answered before any progress can be made – how do you start? While there are pages upon pages of articles that other traders have written, the creators behind ADAPT have developed a clear-cut regimen for new platforms to follow.
What Is ADAPT?
ADAPT isn’t like other crypto platforms, in that the target audience isn’t for investors that want to dive right into trading and investing tokens. Instead, this program provides users with an essential toolkit for raising up their own decentralized network. The program goes over how they can help the user’s business to adapt to the ever-growing needs of their customers. The overall goal is to promote a healthy blockchain for the user’s business, in the same way that TCP/IP did with connectivity.
Since this program is used as a way to prepare business-oriented users, there is no actual token used on the platform. Everything accumulated towards ADAPT is based on donations. When they donate, the contributor can used Ethereum to get a “non-fungible asset,” which is offered as appreciation for moving along the company’s efforts.
In the toolkit that users acquire, ADAPT will:
- Offer a model for the user’s new database
- Provide storage, distribution, and decentralization tips
- Support multi-party interactions
- Offer a programming model that shows the user how to integrate crypto assets, contracts, and ledgers
All of these benefits are explained thoroughly with a simple and straightforward programming language that is easy to adapt to the user’s needs. The flexibility ensures that consumers with all sorts of needs can create a platform that reaches the audience they want. There’s no ICO or token, because their entire goal is to help the user create their own.
Building a Database with ADAPT
The most important part of ADAPT will be to show consumers the DApp architecture, which will become the basis of their entire network. The company goes over four different parts of the spectrum – pure blockchain, semi-decentralized, hybrid, and non-consensus. To develop a new crypto ecosystem, the user needs to make a decision between these options.
The Pure Blockchain DApp is the most recognized, and it enables consumers to connect directly with the platform, which is how it achieves transparency.
Semi-Decentralized Programming involves the backend of the company as the centralized service. Some common semi-decentralized platforms are messaging platforms with a separate crypto asset trading system, or a video streaming service that uses crypto to pay content creators. Basically, it works for investors that don’t have blockchain in the forefront.
Hybrid platforms do not have network consensus, because it offers more of a directory service for traders to work independently, like a decentralized marketplace or a distributed social network.
The final application is Non-Consensus. This platform is called “interesting” by ADAPT, because it essentially is made up of a network of interoperating private databases. The most common uses are with trust-based networks that exchanges economic value without a specific algorithm.
The whitepaper on the ADAPT website shows a clear example of each application of their program, though they may add other options in the future.
ADAPT is one of the few programs that enables consumers to develop their own business relationship with the crypto industry. The information provided online is essential to creating a database that is easily understood by users, though consumers should determine what their desired audience is before they begin. There are no particular dates for growth in the future, though consumers can expect to see ADAPT form partnerships that can help them improve the education of their users.
If there are any other questions, consumers can visit the official website to view the whitepaper in PDF format.