DApps on the Blockchain

Let's first have a look at the difference between a normal iPhone apps and DApps.

App is short for application. The abbreviation, app, has become common since the iPhone appeared. This makes life easier for people, for example, in the use of Uber and Waze. DApps are new and is a decentralized application which runs on the blockchain, while the normal apps don't.

DApps also builds on the blockchain (a data container). Like cryptocurrencies, is an open-sourced application. Like the blockchain, DApps are decentralized with no middleman involved and do not pass information through a single point.

This allows users to interact directly between each other. DApps are an abbreviation for decentralized application. It runs on a network of nodes. Nodes are just a copy of the blockchain which exist on a computer, phone or printer(hardware device). It runs on a P2P network - peer2peer - computers acting as a network.

DApps are different from the android and iOS platforms. It connects the users and developers directly to each other and also manages the code and user data. These creators then have more control over their own creations; therefore DApps are ground breaking technology!

It is very new on the scene and is still evolving and allows far greater transparency. It is autonomously governed and any changes must be decided by all users in the decentralized database. It also awards tokens which are created by cryptographic algorithms, which means, changing of plaintext into encryption (a process of converting information or data into a code to prevent unauthorized access and can also then be decrypted into normal text).

DApps can be used for crowdfunding utilities that which everyone can access ( Crowdfunding makes it possible to launch projects and sell projects online, with little cost). All critical aspects of the platform are completely decentralized. DApps makes use of smart contracts (smart contracts is basically a software programme into which the contract conditions are set; the contract can then self- execute once the pre-set conditions are met.)

DApps are full of smart contracts which makes it safe to transact while donations can be turned into complex agreements. This gives the campaign operators a broader range of possibilities when raising funds.

 

05 Comments
Emilly Blunt

December 4, 2017 at 3:12 pm

Never say goodbye till the end comes!

Emilly Blunt

December 4, 2017 at 3:12 pm

Never say goodbye till the end comes!

Emilly Blunt

December 4, 2017 at 3:12 pm

Never say goodbye till the end comes!

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