One of Panvala’s Batch 5 Grant Applicants is the Menlo One team. Here’s a quick introduction of the work that they’re doing and their plans for 2020!
Menlo One is a framework for building decentralized applications with the same speed and user experience of traditional applications.
For developers new to blockchain development, it is quite complex to figure out how to make their dApp communicate with the blockchain. Menlo One abstracts most of that complexity away by giving developers the skeleton they need for dApp development so they can focus on building for the user.
All of this is made possible through the combined use of existing decentralized storage solutions like IPFS, with the security of Ethereum and the speed and computing power of the cloud. In order to leverage the cloud to deliver content quickly, while still ensuring content storage is decentralized, so-called Content Nodes are used:
A “back end” NodeJS / Express application which sits on a web server. It’s essentially a server side caching system for blockchain data. Data is not only stored on the Content Node, but also stored on IPFS and Ethereum, making Menlo apps decentralized and censorship resistant. (Source)
Essentially, Content Nodes create a decentralized cloud server network run by individual users. These users are incentivised to deliver the correct content to websites or application through Menlo One’s native tokens (ONE).
If you’d like to learn more about Menlo One and how the team is planning on helping create a truly decentralized DeFi system or DEX in 2020, you can read their December 2019 Update here.
Want to learn more about the work Menlo One is planning to do for their Panvala grant? Read this article published on their blog.