Blockchain: What exactly is a dApp?
With Web 3.0 around the corner, it is important and necessary to stay up to date, especially with this nascent technology. In the last few days we have covered some web 3.0 terms and other related articles. Today we’re going to explain to you exactly what a dApp is if you’ve come across the term. If you’ve never had the term, just buckle up and we’ll learn together.
Current applications that sit on web 2.0 are centralized and with this incoming technology comes a lot of jargons, slang, made up words and other things that are mainly powered by Blockchain technology. Here is a basic understanding of dApp.
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Related: Web3: The Future of the Internet?
What is a dApp?
ONE decentralized application (DApp, dApp, Dappor dap) is an application that can operate autonomously, typically through the use of smart contracts, running on a decentralized computing, blockchain or other distributed ledger system.
Decentralized applications have been popularized by distributed ledger technologies (DLT), such as the Ethereum blockchain, on which DApps are built, among other public blockchains. The trustless and simple nature of DApps has led to several notable advances in the use of these highlights in the decentralized money (DeFi) space.
Also read: What is DeFi and how is it changing the economy?
How do dApps work?
A decentralized application, not at all like an integrated application, is not required by a single organization. All things being equal, it works in a distributed organization or blockchain environment. Clients therefore do not need to depend on a focus force to participate in exchange, and can rather do it easily with each other.
If you are technical enough, just understand that dApps rely on backend code, usually a smart contract. This digital contract helps specify the actions needed to run the dApp. This means that the frontend can be completely Web 2.0 and the backend is Web 3.0.
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Also Read: What is GameFi: Understanding “Play to Earn” Gaming
Types and use cases of dApps?
DApps are divided into a number of categories:
- Exchanges
- Game
- Finance
- Gambling
- Development
- Storage
- High risk
- Wallet
Other notable categories include governance, real estate, identity, media, social, security, energy, insurance, health, etc. There are two main sites that I personally use to identify and find the different decentralized apps built on top of different blockchains, and these is ; dapp.com and dappradar.com.
Conclusion
With the rise and development of the reception of blockchain innovation, the center goes to a specific fragment with huge potential – Decentralized Applications (dApps), and hopefully you have learned a thing or two from our article.
