Deciding between Web3 Platforms or Web3 Developers, are you familiar with Web3 Platforms?
In this digital age, where technological advancements are on the rise, it’s no surprise that we are always searching for new developments that could benefit our businesses or even our personal lives. If you’re tech-savvy and interested in staying up-to-date with the most recent developments in the Web3 space, then you’re in the right place.
The Web3 development community is constantly innovating and improving upon the protocols that make up the Ethereum ecosystem. And questions like:
Who needs Web3 Platforms, and who needs developers?
When do founders need development for their projects?
Why might Web3 Platforms be a good alternative and vice versa?
What are Web3 Platforms?
And where can you find them, as well as Web3 Developers?
In this article, we’ll answer these questions, explore the difference between Web3 platforms and Web3 developers, discuss their limitations, and what Web3 developers can do that Web3 platforms can’t.
“Every smart person that I admire in the world, and those I semi-fear, is focused on this concept of crypto for a reason. They understand that this is the driving force of the fourth industrial revolution: steam engine, electricity, then the microchip – blockchain, and crypto is the fourth.” – Brock Pierce
Who needs Web3 Platforms and Developers?
Web3 Platforms and Web3 Developers serve different purposes, so the need for either will depend on the project and budget of the individual or business.
Founders of startups on a budget with limited resources may consider using Web3 platforms to save costs on development. They offer pre-built modules and templates that can be used to create dApps, making it easier for those without extensive technical expertise to create a project.
On the other hand, Web3 businesses that want to build custom dApps may require the services of Web3 Developers. Web3 developers offer complete solutions for building and deploying custom dApps.
When do founders need development for their projects?
Founders would need development when they have a specific vision for their project. Whether it’s creating a new cryptocurrency, a decentralized social media platform, or a blockchain-based e-commerce store, they will need development to make their vision a reality.
Founders can also look for development tips when they want to build a dApp that does not require the services of a blockchain developer. For example, suppose you’re building an application for your company’s internal use and do not need to interact with other blockchains. In that case,you can make it yourself or hire a freelancer.
In this case, you must differentiate between what is possible on Ethereum and what isn’t.
Why might Web3 Platforms be a good alternative and vice versa?
Web3 Platforms might be a good alternative for founders who are on a budget and need to save on development costs. However, they have limitations and may need help to meet the specific needs of founders.
They offer pre-built modules and templates, meaning that founders may need multiple platforms to achieve their desired outcome. This could lead to additional costs and complications in managing the different platforms.
Web3 Developers, on the other hand, offer complete solutions for building and deploying custom dApps. They have the expertise and technical know-how to create customized solutions for founders’ needs. The end product is unique and tailored to the founder’s vision.
What are Web3 Platforms?
Web3 platforms support the development and deployment of decentralized applications (dApps) on the blockchain. These platforms offer pre-built modules and templates for developers to build dApps. Some examples include:
Ethereum: Ethereum is a decentralized platform that enables the production of smart contracts and decentralized applications. It uses its cryptocurrency, Ether (ETH), as a means of payment for transactions on the network.
Polkadot: Polkadot is a heterogeneous blockchain platform that allows multiple blockchains to operate together. It enables the creation of dApps that can communicate with other blockchains and use multiple consensus mechanisms.
Binance Smart Chain: Binance Smart Chain is a blockchain platform that supports the blockchain development of dApps and the creation of new tokens. It is compatible with Ethereum Virtual Machine (EVM), which means that Ethereum-based dApps can run on the Binance Smart Chain.
Where can you find them, as well as Web3 Developers?
A quick search on the internet will reveal numerous Web3 platforms, such as Ethereum, Polkadot, and Cardano. Additionally, you can look for agencies specializing in Web3 development to get help from professionals with experience building Web3 applications.
What are the limitations?
Web3 Platforms are not a one-stop-shop solution for all dApp development needs. They have limitations in terms of customization and may not meet the specific requirements of founders.
Additionally, using multiple of these to achieve the desired outcome could lead to additional costs and complications in managing the different platforms.
Limitations
Web3 platforms are great, but they have limitations. They might not precisely answer the founders’ vision for their projects. Some limitations include:
Limited Scalability: They have limited scalability, which means that they can only process a limited number of transactions per second. This can create bottlenecks and slow down the performance of dApps built on these platforms.
Costly: They can be costly, especially for small-scale projects. The gas fees associated with transactions on these platforms can add up quickly, making it expensive to use them for multiple transactions.
Limited Customizability: These platforms are not an end-to-end solution and may eventually stack up in cost for availing of multiple ones. While these platforms offer a range of features, they may not meet the specific needs of all projects. This can limit the customizability of dApps and smart contracts built on these platforms.
Despite these limitations, the advantages of the technology still outweigh its challenges.
Changing multiple industries and enhancing transparency, privacy, and security can revolutionize and bring a game-changing impact on our future.
Overcoming the challenges will depend on innovation, education, and collaboration within the Web3 community worldwide.
The technology of Web3 is positioned to be the successor of the web generation, providing new business prospects and transforming our internet interactions.
What can Web3 Developers do that Web3 Platforms can’t?
Web3 developers are software developers who specialize in building dApps and smart contracts using Web3 technologies. They can help founders overcome the limitations of these platforms by building custom solutions that meet their specific needs.
Web3 developers have the freedom to create custom solutions that are not limited by the features of a Web3 platform. They can also build dApps and smart contracts compatible with multiple platforms. By taking advantage of this freedom, dApp creators can design their products to meet their specific needs and preferences. Here are some of the things Web3 developers can do that Web3 platforms can’t:
Create Custom Solutions: Web3 developers can build custom solutions that meet the specific needs of a project. This allows founders to have complete control over their dApps and smart contracts and ensure they meet their projects’ desired vision.
Improve Scalability: Web3 developers can help improve the scalability of dApps and smart contracts by optimizing code and implementing scaling solutions such as sharding and sidechains.
Reduce Costs: Web3 developers can help reduce costs associated with platforms by optimizing gas fees and implementing cost-saving measures.
Enhance Security: Web3 developers can enhance the security of dApps and smart contracts by implementing best practices and auditing code for vulnerabilities.
Conclusion
To summarize, Web3 platforms provide pre-built modules and templates for building decentralized applications but may not offer the customization and flexibility some founders require. Web3 developers can offer tailored solutions for specific projects but may come at a higher cost.
As the Web3 space evolves, it’s essential to stay informed about the latest developments and choose between platforms and developers based on project needs and budget. To find Web3 resources, search online or look for specialized agencies.If you’re looking for Web3 agency services, TokenMinds offers Web3 development services to help bring your decentralized application to life. Don’t hesitate to schedule a call for a consultation and learn more about how we can help take your Web3 project to new heights.
