ZoneBitcoin EditorialTo understand the whole world of bitcoins and blockchain in general, it is important to know the definition of a DApp, a decentralized application. DApps are indeed on the verge of introducing a new technological revolution.
It's with blockchain Ethereum that the concept of Dapp took off. This article will also help you better understand the issues surrounding DApps.
What is a DApp (Decentralized Application)?
A dApp is called decentralized application in French.
In recent years, we have heard of this term and their appearances are ever more numerous. This is of course the Bitcoin which opened the way to Dapp, which is also based on this same technology. In addition, a decentralized application is open-source and therefore accessible to everyone.
In fact, for a simple explanation of decentralized applications, one must imagine a software service that is not maintained or managed by a single entity as is currently the case.
There, it's a whole network "decentralized" who can manage the software.
Among the best-known DApps, we can cite Etherdelta, Quarry or Steemit for example, which all use different functions. For example, Ethereum uses its own blockchain while others are based on existing project blockchains.
There are 3 types of DApp:
There are three different types of DApp:
The first type of DApp brings together those which have their own blockchain. Bitcoin is the best known of all, of course! Moreover, Litecoin and other altcoins are also DApps of this first type.
The second type of DApps group together those which use the type 1 blockchain. They therefore use protocols and tokens specific to the blockchain used. We can cite Omni in this type which uses Bitcoin.
The third type of DApps use the type 2 protocol. These are therefore systems which operate on another level of DApps which themselves use different protocols.
The characteristics of DApps:
The characteristics of decentralized applications have several advantages:
- Decentralized execution
- Peer-to-peer program execution
- Software automation (without third parties)
- A reduction in operating costs
- A new governance model
DApp: Why do they exist?
It is with the advent of Big Data and the exchange of personal and complex information that DApps have their origins. It is in fact the advent of a new paradigm where the user can remain in control of their information. Moreover, he do not confuse Dapp and protocol. Although the concept is still in its infancy, current DApps seem to confirm their success. We suspect their massive uses subsequently.
Indeed, DApps allow us to exclude any intermediary between users and services. The computer protocol is therefore not owned by a single entity. The entire code is distributed to all members of the blockchain network.
How do DApps distribute their tokens?
There are three main mechanisms used to distribute tokens:
Mining:
It is the simplest and best known of the systems. Tokens are distributed by a predetermined algorithm to connected members who verify and validate transactions on the DApp blockchain. Like bitcoin does, actually.
Fundraising:
In this case, the tokens are distributed to those who finance and purchase the initial development of the DApp. It is these same funds that will be used to develop the platform.
Development :
As did Decred (DRC), tokens can be produced according to well-defined rules and available to developers and anyone who helps develop the DApp.
Why are DApps so important for the crypto industry?
DApps are just as important as the cryptocurrencies they spawn. This is even a major challenge in the entire blockchain universe. They are promising from a technological point of view and attempt to solve serious technical problems. In fact, where the first Bitcoin blockchain failed.
What you need to understand is that it is very likely that DApps will one day surpass all current software due to the power of their operations. In terms of efficiency, they have a sort of power multiplied by what we have experienced with old software. Powerful structures, extremely fast calculations, unparalleled security and unbeatable flexibility. All of these factors are unique to the DApp. It is also for all these reasons that we believe that these applications are at the cusp of an imminent technological revolution.
Related articles:
-> How Ethereum can change the world
—-> The 10 DeFi terms and expressions to know
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