Bittime - The world of blockchain and Web3 is developing rapidly, but ease of use of applications within it (dApps) is still a challenge. Many people find dApps difficult to use and confusing, especially for new users. This can lead to the risk of losing crypto assets due to misuse.
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dappOs is here as a solution to make dApps as easy and convenient as mobile applications. dappOs is an operating protocol that allows users to easily access cross -chain applications and carry out complex transactions directly from the blockchain they use. The following is an article that discusses dappOs.
Getting to know DappOS
dappOs bills itself as a “Web3 operations protocol” that offers solutions to overcome the complexities of using today's dApps.
Typically, the user interface (UI) of dApps is confusing and unintuitive for lay users. dappOs seeks to eliminate disparate blockchain concepts and provide an easier and more complete operating system for users and dApps.
There are two core components of dappOs: dappOs Account and dappOs Network.
These two innovations play an important role in creating a seamless experience for both new and experienced crypto users.
dappOs Account
Ethereum founder Vitalik Buterin, in his recent article titled “The Three Transitions,” highlighted the difficulties in managing multiple crypto addresses across different blockchains.
Also read : Get to know Vitalik Buterin, the figure behind Ethereum
According to Buterin, having many addresses will be a challenge in the future of crypto.
dappOs Account offers a potential solution by providing a "total account" that can be used on all dApps across multiple networks.
This total balance can be used in any application supported by dappOs with just one click.
Additionally, dappOs Account uses a smart contract wallet instead of an External Owned Account (EOA), making it possible to recover crypto assets using various methods if users lose their seed phrase.
dappOs Network
dappOs Network enables seamless connections between various crypto networks. User transactions can be processed and verified automatically across dappOs-supported networks, regardless of the amount or whether they occur simultaneously.
For example, imagine you own ETH tokens on four blockchains: Ethereum mainnet, Optimism, Arbitrum, and Arbitrum Nova.
All tokens are stored in your dappOs Account. You can freely use your ETH on any chain, regardless of its current location.
After initiating a series of transactions confirmed by the user, dappOs Network will process them automatically.
Behind the scenes, your assets will be transferred to the appropriate blockchain, with gas fees automatically converted and deducted.
dappOs uses a network of service nodes to execute user-initiated interactive commands. Each order can involve multiple nodes to increase transaction efficiency.
To prevent irresponsible parties in the dappOs Network, service nodes that receive orders must guarantee a certain amount of funds before "accepting the order".
These nodes will then earn fees for executing user transactions.
However, if the transaction is not executed, the pledged funds will be used to compensate the user.
dappOs Development and Roadmap
Since launching in October 2022, dappOs has attracted the attention of more than 10,000 users and processed more than 100,000 transactions.
The platform also collaborates with more than 20 DeFi projects (including GMX, Quickswap, and Perpetual Protocol) and supports 10 different networks (including Polygon, Arbitrum, and Kava).
In November 2022, dappOs was selected as one of twelve projects to participate in Binance Labs' fifth season of Incubation Program.
In July 2023, dappOs closed a seed funding round led by IDG Capital and Sequoia China, at a valuation of $50 million. Other leading crypto venture capital firms also participated, including OKEx Ventures, Hashkey Ventures, KuCoin Ventures, TaiHill Ventures, Symbolic TronDao Ventures, and GateLabs Ventures.
The previous month, the dappOs team received seed investment from Binance Labs.
These investment funds will be used to develop dappOs V2, the second iteration of their platform. Development focus includes product development, growth initiatives and global expansion.
dappOs V2 aims to offer a complete crypto user experience with enhanced features, better security, stronger decentralization, and a superior overall user experience.
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Main Features of dappOs V2
1. Unified Account
The main feature of dappOs V2 is unified accounts. This feature combines the total value of users' assets across various networks, allowing users to use them in any dApp on any chain, similar to a centralized exchange.
Once funds are deposited, users do not need to track where on the chain the funds are stored.
For example, imagine a user's dappOs wallet has 50 USDC in Ethereum and 50 USDC in BNB Chain.
These users only need to sign one transaction to use their entire 100 USDC balance on Arbitrum or Avalanche, without needing to bridge funds or pay separate transaction fees on different networks.
2. Multi-Chain Transactions
dappOs V2 also offers support for completing multiple sequential or parallel transactions across multiple blockchains with just one signature. This eliminates the need to switch wallets and networks.
Whether it's cross-chain bridging or cross-chain yield farming, users simply confirm a single signature, and dappOs will handle the execution of each step of the transaction automatically.
3. New Bidding and Billing System
dappOs V2 introduces a new bidding and billing system for service nodes. This system encourages healthy competition by allowing nodes to adjust their transaction fees to earn more revenue during periods of high demand.
4. Future Roadmap
Although dappOs V2 is still in development, the dappOs team has a clear roadmap for the future. This includes extensive testing with existing partners before opening up integration to external projects.
After a successful public launch, dappOs will focus on decentralizing the protocol's mechanisms and services, culminating in the launch of the dappOs token.
Conclusion
dappOs aims to bridge the usability gap in Web3, offering an easy-to-use experience that removes the complexity of interacting with multiple blockchains.
With its innovative features such as unified accounts, seamless cross-chain transactions, and a robust service node network, dappOs V2 has the potential to be a game-changer in the way users interact with decentralized applications.
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How to Buy Crypto from Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn Complete Guide How to Buy Crypto on Bittime .
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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