Is there a right way to build DApps and blockchains? andrarchy, CEO of TheKoinosGroup, delves into the process using Ethereum and Steem as examples.
When Steem was being built, Ethereum was the only viable blockchain that a developer could use to build their DApp without forking and modifying the code of an existing blockchain like Bitcoin.
Allowing developers to upload code to the blockchain created infinite possibilities, including the possibility to upload code that uses up all the network resources making it useless. Some limit had to be imposed on this “limitlessness.” To solve this problem, Vitalik Buterin invented “gas” — a decentralized system for charging a fee to execute code on a blockchain .
In addition to social features, the Steem developers experimented with a system for regulating network usage that was fundamentally different from gas. In short, it was fee-less. Steem never rivaled Ethereum for the simple reason that Graphene lacked smart contracts. Graphene made it easier to launch blockchains with specific features, but it was by no means “easy” and changing those features or adding new features was incredibly difficult, unlike Ethereum, which allows any developer to upload any code they want, whenever they want.
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