[dApps] - Crypto Academy S5 - Homework Post for Task 8
What are dApps? Explain the working system of dApps? What are the differences between dApps and other applications? Explain the advantages and disadvantages of dApps? How can dApps developers promote their apps? What should we pay attention to when using dApps? How do we find the information of a DApp that we want to know? Provide the steps (Screenshot required).
WHAT ARE DAPPS ?
DApp, short for decentralized applications, is a program that runs on blockchain technology. Decentralized Applications (DApps) are not controlled by a central authority, rather they work using smart contracts which is a decentralized network.
DAPP is different from our normal traditional apps as no one is controlling it or the network. DApps are uniquely unprecedented because they ensure confidentiality and transparency, they do not use any form of intermediary and are better secure because they use both public and private keys otherwise known as cryptographic keys.
Furthermore, they also operate using peer-to-peer open source networks which further substantiate the claim that nobody and no one else is controlling the operation system.
We have several types of DApps in the cryptocurrency ecosystem, they include: MakerDAO, Uniswap, JustSwap, Trontrade, Cryptomines, PancakeSwap, SushiSwap, etc.
All these dApps can be accessed on different platforms like Trustwallet, Argent, Coinbase Wallet, Metamask, Deprader etc.
EXPLAIN THE WORKING SYSTEM OF DAPPS:-
The main issue we want to be aware of is that although dApps work, they use good contracts, it's good contract programs that decentralize the method for engineers, they are essentially on the blockchain. Program to work.
And it's good contracts that developers use to create or program dApps, once a transaction is effected on the dApp, users act with good contracts that eliminate middlemen and everyone on the blockchain.
This ASCII text file attached to the program, helps to record ongoing and more transactions. Let me additionally note that the dApp uses peer-to-peer (Back Finish Code), this wonderful feature that allows different users inside the network to directly connect and converge.
WHAT ARE THE DIFFERENCES BETWEEN dAPPS AND OTHER APPS:-
DAPPs:-
It run on a decentralized community with no central permission or any kind of intermediary.
Rather then when we go about the security, dApps are more secure
Operates on a blockchain that i ever seen
There is transparency because every operation, activity and transaction is recorded, hence it is visible to all users because the
DAPP is the action because of the use of blockchain
Uses cryptography keys
OTHER APP:
- It operates on a centralised system with a central authority and intermediary is involvedq
- It is less secured, it can be hacked or attacked
- does not operate on a blockchain
- No transparency because activities are not recorded and it is not visible to users of
- other Apps are faster
- Does not make use of cryptographic keys
ADVANTAGES AND DISADVANTAGES OF DAPPS:-
it is decentralized
DApps operate on a decentralized system which makes it difficult for the government or any influential person to control the operation of the system.
Reliability
DApps are more reliable as it works on peer-to-peer system which ensures that failure in any part of the network does not affect other parts.
blockchain base
DAPPS works on Blockchain technology which ensures that every record is kept securely and properly and has transparency
absence of middlemen
DApps are completely devoid of middlemen or intermediaries of any kind. This makes it open and permissionless all the person can access to the system.
increased trust
There is a high level of trust among users as dApps do not allow the movement of third parties/middlemen/middlemen compromising the network.
DISADVANTAGES:-
bad interface
Most DAPPs have a major problem which is poor interface, due to this poor condition navigating drugs through DAPPs seems really fragile.
Difficulty fixing bugs
When a problem occurs with a DApp network, it is almost difficult to fix because DApps operate on a peer-to-peer network, meaning that every stoner in the system has to modernize the clones in the network.
scalability
DApps are not scalable as they are built on blockchain technology which involves many complex networks and protocols, reaching an agreement for data validation within the network is not always easy.
KYC is not easy
When it comes to Know Your Customer (KYC) verification, it is really difficult to do so as compared to centralized apps where there is a central authority that can help in doing KYC verification, but due to the fact that DApp is not a central authority. It is very difficult to do KYC in India.
HOW CAN DEVELOPERS PROMOTE THEIR DAPPS:-
There are many ways through which dApp developers will promote their dApps, one of them is paying social media influencers to share them on wider social media platforms like Reddit, Instagram, Telegram, WhatsApp, Facebook, Discord, Twitter etc. .
To help promote your dApp. . Most of those media platforms allow individuals to advertise their goods and services.
Not only this, these social media platforms provide a huge audience and visibility for any product or innovation.
In addition, developers can use dApp platforms such as dappclap, dappradar, dapbang, dap100 to deploy any new or existing dApps.
What should be our propensity to hear abuse after DAPPS abuse?
Area Unit There are a lot of things that I think users should pay attention to after deploying a dApp.
First of all, I think we should always pay attention to the type of dApp we have area unit abuse tendency, there area unit shows some dapps which are not genuine, some area unit is dangerous to use because they are unhealthy And reminder they have a Ponzi theme.
Furthermore, before using any app, I believe that one must do a thorough analysis and conclusion about the dApp, if found ok and a sensible review of the dApp is done, And there will be no solution.
Will do and use.
Another problem that needs to be heard is to guarantee that the operation on the DAPP area unit is clear enough because we have some DAPPs that claim to be suburban and are clear in the real sense, but they are not.
Furthermore, we have some dApps that claim to be in partnership with notable wallets and exchanges, while they are not, I believe to be very careful with these types of dApps.
Finally, before misbehaving with any DAPP, I believe that the scalability of such DAPP should be checked, at least to some extent, it should be scalable.
HOW DO YOU FIND INFORMATION ABOUT A DAPP THAT WE WANT TO KNOW ? PROVIDE THE STEPS (SCREENSHOTS REQUIRED)
We need to know about the drapper we need to take is https://dappradar.com I'musing the browser on my device as seen below
Step 2: I am going to click on the menu button located in the top right corner of the webpage.
source
Step 3 : Now we are going to check on 'Rankings'seen in my given screen shot
Step 4 : After clicking on 'Rankings', this page showing various dApp rankings will be displayed, then I will click on 'Cryptomines'.
Step 5: After clicking on 'splinterland, full details and statistics about the splinterland DApp including: Token Name, Token Price, Users, Transactions, Volume, Historical Activity and Balance will be displayed.
Conclusion
Although DAPPs have their drawbacks, their importance cannot be overemphasized. I believe dApps can help contribute to a better crypto ecosystem.
If used fully, dApps can help us achieve a lot of things in the crypto space. I believe that dApps are still far ahead of other traditional apps. Things can only get better with the use of DApps.
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