Have been following the crypto market for a long time? Then you should have surely heard the word “dApps” and are curious to know what it means? Okay, so I’ll be telling you what it means, its advantages, drawbacks and where you can create one, and cryptocurrency tips you need to know.
What is DApps?
DApps stands for “decentralized application”. You might surely use some apps in your day-to-day life on your mobile phones but generally, the apps we use are centralized and are controlled by a single network of big organizations such as WhatsApp, Instagram, and many more. But dApps are different from these applications; dApps don’t operate through one network; they work like blockchains and have multiple servers. Though all the apps working like blockchains cannot be crypto dapps for example Torrent.
Advantages of DApps
- Security of data
The users place their privacy as a priority and don’t want to disclose their data. But in centralized applications, it is easy for any superior position or a government body to access users’ data but in the case of decentralized applications, it is the opposite as the government body or any individual cannot have access to data because the control of data is not in a single hand.
- Modifiable
Because of the app’s modifiable nature developers are motivated to take initiative and create something new which results in the benefit of users.
- No break
Many of the world’s biggest organizations face downtime but the case in dapp is different as Dapp doesn’t stop working or undergo any kind of downtime because it works in blockchain and keeps working even if sometimes the network is down.
Drawbacks Of Dapp
- Hacks
Most apps used in the world belong to the type 2 dapp category which depends upon the functioning of type 1 dapp. This dependency may cause the intrusion of hackers as there may be few bugs when there’s an update in the type 1 dapp and type 2 dapp has to change according to it.
- No identity of the users
Most of the apps require KYC(know your customers) to be done but in the case of dapp it’s different they don’t take responsibility for doing KYC which makes it difficult to form Dapp.
- Poor interface
Most of the dapps have poor interfaces as compared to the centralized apps. It is because the dapp is new and is still developing.
- Less number of users
As already mentioned above the dapp is new and is still developing so the number of users of the ith app is still very less as compared to the centralized apps.
Popular Dapp Platform
- ETHEREUM
Ethereum was developed in 2015 with the motive of giving the developers privilege to form the dapps under their blockchain network. Solidity was the language that was used in ethereum to develop a dapp under their network.
- EOS
EOS was developed under ethereum but got separated after it gained $4billion in ICU. Eos allows its users to form their dapp that is common to web apps. Eos is not a decentralized application but a centralized app because its network operates under a single organization.
- TRON
EOS and TRON were both developed under ethereum. TRON. Was established by Justin Sun in the year 2017 but in the year 2018, it got separated from Ethereum and allowed its users to form dapps. Though TRON and ethereum got separated, it still uses the solidity language to form dapps.
Conclusion
Dapp is at the infancy stage now but some experts predict that dapp is going to change the world and will excel centralized apps in everything because of its highly flexible and transparent nature.
