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- dApps are applications that run on a blockchain or a peer-to-peer network instead of running on a single database controlled by a central authority.
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- What are dApps?
- Decentralized applications are programmes that allow people to interact with one another without the need for third parties.
- Financial transactions or legal communication are examples of interactions that traditionally rely on third parties to complete the work.
- In this regard, dApps are advantageous because, rather than relying on the competence and trustworthiness of third parties, they enforce contracts and agreements using solid code and a layer of computers.
- They give you the personal freedom to interact with a peer without being held accountable for it.
- These programmes, too, do not require any personal information to function.
- Characteristics of decentralized apps
- They exist and run on a blockchain network powered by smart contracts.
- These smart contracts are open-source pieces of code created by a decentralized authority, and no individual authority controls them.
- dApps are powered by individual tokens based on the blockchain.
- Users who interact efficiently with the ecosystem get rewarded using the native tokens of the dApp.
- Most dApps are built on the Ethereum blockchain, thus they use ETH for transactions.
- How are dApps different from regular applications?
- DApps have the same feel as regular apps and run as smoothly and efficiently as any other web or mobile app.
- They are, however, distinct from traditional applications in terms of scale and the platform they populate.
|
Regular apps |
Decentralized Apps (dApps) |
|
The user interacts with a traditional program or code designed by a third party. |
The user interacts with smart contracts based on the blockchain in the backend. |
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The backend is made up of centralized servers that are managed by a single authority. |
These are distributed across multiple systems around the world with no central control. |
|
Lower computing power than dApps. |
It has a higher computing power than regular apps. |
|
Less secure and more vulnerable to cyber-attacks. |
Less vulnerable to cyber attacks due to the security of the blockchain. |
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It won’t work if the servers are down or undergoing maintenance. |
Even if some network nodes go down, the system will continue to function normally. |
Source: ET
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