Recent developments in blockchain technology mean that developers can now create completely decentralized applications with almost endless possibilities. This being said, there are still several hurdles that stand in between “everyday” developers and commercial usage of this groundbreaking tech - Whilst it is being welcomed with open arms by many, true adoption of blockchain technology can only be achieved when it becomes as easy, fast and cost effective to use as it’s centralized counterpart.
A lack of real infrastructure in Blockchain development currently means that off-chain systems are still not fully connected to blockchain technology in a way that can be adopted by the mainstream. Menlo One looks to change this, by offering developers a framework on which to build dApps (Decentralized Applications) that can run at the same speed as centralized solutions. Frameworks have notoriously always served as a catalyst for development of virtually every web technology in history, and Menlo One looks to be the next gateway to mainstream adoption for blockchain tech.
Time of dApp development
Currently the journey from the inception of a decentralized product to its successful creation is stymied, as developers need to first understand everything behind the blockchain they choose to work on before attempting to create any kind of dApp. This takes time and arguably the end product suffers as a result. Menlo One offers everyone a complete set of tools in one place meaning that the process can be made faster, and the framework offered aims to increase the speed of reads and writes from various decentralized networks.
Cost to user
The model used by the Ethereum network and its cost for transactions could be considered as a barrier to entry for the creation of decentralized applications. Businesses are understandably cautious to adopt a model that charges customers for the actual purchase of a product/service as well as said product/service itself. By offsetting the gas cost connected to the Ethereum network with a fungible token native to the platform, Menlo One looks to address this problem head on.
Ease of Use
The Framework offered could actually be utilized to replace traditional web stacks on existing centralized sites, the incentivization behind this being the monetization of attention. This is seminal, as current models see users sacrificing their own data to large corporations to profit from, with very little or nothing in return. A platform that sees users rewarded for their attention, content or data could very well become the next decentralized version of Facebook or YouTube.
The four main components of the Menlo One framework mean that developers can pick and choose the components required to successfully build a decentralized application. The team behind the project are fully aware of the issues currently facing the blockchain space, being experienced developers themselves with extensive knowledge in creating consumer-facing web products. They have been involved in blockchain technology and development since its beginnings, and see the Menlo One platform as a must have weapon in the war chest of mass adoption.