Cryptoacademy | Season 3 week 7 | Dapps by @amokie1821

Hey everyone hope you all are fine and doing well at your places hopefully today I go through with the lecture of @wahyunahrul about Dapps I found it very interesting and here I am submitting my assignment.

QUESTION 1

Will DApps be able to replace centralized applications in other fields in the future?

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ANSWER 1

The key areas Understanding media that are at our collaborative contact in knowledge of privacy markings 2021 Next article AG is results .. No results. Academy. February 18, 2021 Megan Doyle. Create a non-concentrated future with DPPS.

Contributions Tags: DLT, Blockchain, Smart Business Model, The annoying industry Since 2009, Blockchain Technology has been working to become a relatively unidentified technology for a promising system to break the traditional industries. Many people were the revolutionary ability of blockchain technology for the Internet, with the ability to convert the way people and interactive companies. Although there are still a few debates about the blockchain company that slows down, still interested in ivestors who have put more than $ 23.7 billion in early blockchain startups in early blockchain startups since the beginning of 2013. Maybe even many potentials of disturbing, Oracle, Amazon, Roche, Goldman Sachs, and many other companies show themselves to examine pilot projects to discover blockchain skills. Because of the interest in blockchain and the DLT (scattered ledger technology) continues to decrease on EBB and flow, both organizations and individuals explore their realworld applications. These non-central or DPPPS applications are characterized by dispersed, elastic and transparent nature. Before you try to understand the full function of DPPS, it is important to familiarize yourself with your basic technology blockchain. A blockchain is a digital ledger of transactions held in "blocks" associated with each other by checking the password. According to the design, the block skins can fight their data changes and not managed by a single entity. Those who keep an eye on the blockchain space will be aware of the hype around the DAPPS. While bitcoin was initially opened for electronic money, when Ether is emphasized the true potential of blockchain technology. Eldum caused developers to create DPPS with the introduction of intelligent contracts. With over 3500 DPPS, there were already available and the total number of DPPP users works daily at 138.12 K. and increases that some persons predict that non-central applications become more popular and exit the episode of centralized apps today.

So in Future I think decentralised apps almost remove the centralized apps from the market.

Question 2

Is there a possibility for DApps to steal user data?

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Answer 2

Dapps are co related to blockchain as Dapps also joined the blockchain network so the security system is as high as blockchain security system is. As we all know the fact of high security system of blockchain the system is depend upon peer to peer that is we person are involved in this clients are involved not the authorities all things are based upon high security long keys generated by the wallet itself. So, Dapps also have very hight security system so we can use them carefree. Because No third party is involved into it. But still nothing is 100% safe in this world in case anyone have your master keys by chance or by luck then there are many probability of getting theft by someone and in case hackers are also going smart with developing systems there are 15-20%. Chances of getting hacked by hackers otherwise the system is totally secured and carefree to use.

QUESTION 3

Explain the ways in which a DApp promotes its application to the public?

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ANSWER 3

Ways to promote Dapps

Through websites :- There are many websites on which the list of all the Dapps will appear together so a person can see the Dapps from there and make the decision so all Dapps can promote themselves on that platform.

Airdrops events :- There are many events always takes place airdrops event means a launching of new coin or token so a DApp can be promote there and get many downloaders from there because it's a good way to promote people always need a DApp and explore DApp when something new is launching.

Social media Dapps can be promoted into telegram groups, Facebook crypto groups and twitter. Or many person related to crypto work can promote dapp on there personal ids also.

Crypto firms The perfect way to promote Dapps is some platform already related to the particular feild there we can get audience of same demands. So Dapps can be promoted on crypto currency firm where ethereum and all other currencies are available.

QUESTION 4

Choose a DApp and do a detailed analysis that proves that the DApp is a good one to use. (Provide proof with screenshot)?

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ANSWER 4

I am doing analysis on pancakeswap as on https://dappradar.com/ pancakeswap is on rank 2 and its most trusted and widely used dapp over all the apps.

Firstly will open app from https://dappradar.com/

Now connect the wallet click on connect wallet.

Now select the wallet you have in your mobile phone as I am connecting trust wallet to it or you can directly visit to your trustwallet and connect pancakeswap.

And finally now we can access all the features and swaps related to the pancakeswap after connection to wallet.

This pancakeswap is on 2 rank on https://dappradar.com/ and on coincapmarket.com/pancakeswap it is on rank 33 and price is $20 approx with great increment in price.

Hence, pancakeswap is a good dapp.

QUESTION 5

If you were a DApps developer, what kind of app would you like to create? Explain all the details of the DApp plan that you will make?

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ANSWER 5

If I am Dapps developer I will choose TYPE I Dapps like ethereum as ethereum is showing a very much concern towards market and making a fast and rapid growth in the market. I will assure High security, transparency and low cost these types of features in my Dapp. I would like to make a app through which shopping sites can be connect and get paid through ethereum blockchain system.

Firstly I will give a brief on whitepaper about the app how to use what is the purpose how it works and take all the ideas and feedbacks of the people using the these kinds of app to make it more secure.

Then I will promote my Dapps on the site of ethereum blockchain or and platform which contain ethereum transcation on it. From there many people contains ethereum will get attracted to this type of payment through ethereum insead of cash and have discounts also. Through social media and through websites also I will promote that now when people get to know about this and I have enough people to use my Dapp I will give proper funding to the Dapp to make it more fluent and good. Make it a better app forever by maintaining it.

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Conclusion

From this lecture I learnt alot about Dapps and the features of Dapps which have a great future ahead to remove centralized app very soon. As they are save secured better faster and doing transcation rapidly. Thank you @wahyunahrul for this knowledge.