What is Dapps? – Learn #3

By October 30, 2020DApps
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Dapps is the name given to decentralized applications. They actually offer similar functionality to regular applications, but the main difference between them is that they are run in a peer-to-peer network like blockchain. This means that nobody or organization has control over the network. In short, Dapps (decentralized applications) aim to bring together the consumer and the supplier directly.

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There are certain basic features that should be in Dapps, these are:

· Dapps must be open source and self-run without anyone checking it out.

· Their data and records must be public.

· It should use an encryption feature to help keep the network secure.

These are features that many in the blockchain and cryptocurrency community feel should be maintained as the industry matures.

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What Are the Advantages of Dapps?

Dapps have a few exciting aspects. For example, Dapps are applications that are resistant to censorship and without a single point, it is very difficult for governments or powerful individuals to control the network. They are not interrupted, that is, even if individual computers or some parts of the network crash, Dapps can continue to work.

In addition, since they are made of blockchain-based smart contracts, they can easily integrate cryptocurrencies into Dapps basic functions. They use open source, which fosters the widespread development of the Dapp ecosystem, allowing developers to build better Dapps with more useful or interesting functions.

What are the Weaknesses of Dapps?

Besides fixing many important problems faced by normal apps, Dapps also has some downsides. Because hackers work on open source, they can see the weaknesses of the network and cause them to attack. This may cause a wave of attacks on popular Dapps.

Like many applications in Web 2.0, the more users a Dapp has, the more effective the network is in providing these services. This is commonly referred to as network effect. Dapps combat low user numbers, which makes them less interactive. Since the security of a Dapp can often depend on how many users it has, it can make them less secure.

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Example Dapp: CryptoKitties

CryptoKitties is one of the most well-known Dapps to hit the news shortly after its launch in 2017 when high transaction levels began to slow the Ethereum network.

In Dapp, users buy, feed and collect digital cats. Cats represent unique, unchangeable tokens, meaning no one can copy or steal them.

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What Will Be the Future of Dapps?

Although there are thousands of Dapps that offer a large number of services, Dapps are still in their early stages. You can do many activities with Dapps applications. These might include playing games, exchanging money or raising your own digital cat.

In 2020, Dapp transaction volume increased compared to previous years. However, it is also known that this system has a long way to go. Before Dapps rises, there are still many challenges that developers and the networks they built on Dapp on.

At the beginning of these difficulties; scalability and security. When they overcome these difficulties and create a sense of safety in the market, it will be inevitable that the decentralized application will be among us for many years.

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