Truffle, Infura, and MetaMask the Holy Trinity of Ethereum (ETH) Network
Ethereum is most definitely going through a rough patch in the cryptocurrency market, going below the value of 200$ even before the devastating November dip that brought the cryptos almost to the point of crashing.
After the November dips, December doesn’t appear to carry any relief for the dipping ETH by far, at least not in the first week of the month.
ETH is still dipping on a daily basis although the crypto acquired a positive return on its weekly chart by collecting almost 2% of rises in the last seven days.
While Ethereum is currently trading at the price of 111$ to where it came in the course of the last 11 months since making its all-time high of nearly 1450$ per one unit, the co-creator of Ethereum, Joseph Lubin, claims that the current price is in any way describing the development of Ethereum platform.
Ethereum is still the largest blockchain platform for decentralized applications, even though there are many waiting in line to take over the throne, TRON (TRX) being the first after EOS (EOS) and NEO (NEO).
While so-called “Ethereum Killers” are working on pushing Ethereum out of the competition for the top Dapp platform, the holy trinity of Ethereum platform, Truffle, Infura, and MetaMask are supporting and backing the growth of the network.
How Truffle, Infura, and MetaMask Make the Holy Trinity of Ethereum Platform
Ethereum is considered to be the second generation cryptocurrency given the fact that this blockchain based project introduced the concept of smart contracts.
Ethereum team demonstrated, starting back in 2015, that blockchain can do more transacting of value by showing how smart6 contracts can be used for creating contracts, tokenizing value, issuing tokens, and perhaps the most important thing, smart contracts can be used for Dapp development.
Some of the most significant products created by Ethereum are Truffle, Infura, and MetaMask, also known as TIM among ETH dev team.
Truffle represents an Ethereum-based framework that allows developers to create blockchain products, while Infura works on processing application requests, that way representing a node infrastructure crucial for the efficiency of the Ethereum network.
Last but not the least of the Holy Trinity is MetaMask which is a well-known wallet that runs on Infura, keeping your ETH and ERC-20 type tokens safe and secure.
According to the latest results, Truffle has just gone beyond 1 million downloads, indicating that the network is still growing despite the general belief that the price of ETH is dropping because the network growth is slowing down.
Infura, on the other hand, got past 10 billion requests and MetaMask got its mobile client with the latest update on the 4th of November.
With the mobile client, MetaMask is now featuring a market for decentralized applications as users are allowed to get an easy access to the marketplace of Dapps on the Ethereum network through MetaMask.
In the meanwhile, Microsoft’s cloud computing network, Microsoft Azure is joining hands with Truffle in order to start the testing and development of enclave Ethereum Virtual Machine that should be ready for Microsoft.
2993total visits,1visits today