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The blockchain is a space where many entrepreneurs and startups are landing with the agenda of solving their problems in a different manner. Most of them are developing decentralize applications.

As stated by Metcalfe’s Law, the more networks in use, the more will be its value. Like with two telephones, you are only able to make a single connection, if there’s single phone it is useless, by using the formula

n(n − 1) / 2

2 ∗ 1 / 2 = 1.

However, when there are 5 phones, you can make 10 connections. Involvement of enormous people makes the network more in use. That’s why most fortunate networks can enjoy severe aggressive hike.

There are three models which are specific:

 Charging Fees for using network.

 Recruiting Auditors.

 Other Services.

1 a. Charging Fees for Using NetworkEthereum requires gas for producing fuel which is helpful in running of blockchain 24 days and 7 nights. Anyone who develops dapps on this platform pays an amount similar to toll tax payable in the form of gas fees. The charges depend on the completion of the transaction, how much complex it is varies accordingly. Gas tokens are used in NEO for creating dapps. The tokens which can be purchased and sold are Golem Network Tokens. GNT is a method of payment for computation of the resource providers. One pays what for the service is measured by GNT.

2 b. Recruiting AuditorsIf in case it was found that transaction record on blockchain is illegal or not authorized or classification is not done correctly then this led to the need of an auditor to carry out its procedure on management’s estimates. Even if we say blockchain does not require a third party but when it comes to check whether the product was solely delivered and does not require an auditor to go through the transactions process. When the organizations make business with other parties, they prefer auditors to verify smart contract as these contracts are for automation of the process of business. Decentralized applications consume a very big amount for the working of the code appropriately. If there is a minor bug it will lean towards the failure of the entire system. A recent example of this is a DAO smart contract which led to the split of Ethereum community into Ethereum and Ethereum Classic.This model can work in two ways:The smart contract needed to be checked—developers need to hire the auditing company.Independently auditors and developers check the code and look for defects if they found any in the code. Also, the developers put up a premium on their contract.

3 c. Other ServicesA blockchain startup needs lots of work. The startup first requires a website with good content and frameworks. These startups either recruit freelancers or agencies to save both time and money including taking care of these services for them.