Steemit Crypto Academy Season 5 Beginners' course - Task 8: Decentralized Applications (dApps)
INTRODUCTION
QUESTIONS
(Q1):. 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).
[Q;1] WHAT ARE DAPPS?
Generally {DAPS} is understood to be the shortened form of Decentralized applications, however, the decentralized applications are those applications which are programmed, built and functions on the blockchain which stores/saves information that may be circulated and accessed by many users inside the blockchain community, lacking the authorisation or permission, of a middleman order or a specific individuals.
Dapps was created on a general network
which offers every person in it system the authority to examine the activity inside his or her possession, offering no user the authority overall. {P2P} The Peer_to_Peer system is been carried out on the {DApps} decentralized applications that has permits users to perform transactions and also functions inside its network lacking the validation or authentication through a specific user that further processes at a lower priced fee in comparison to a CEX the centralized applications that gives higher rates during a transaction process,
Decentralized applications are subsidized through the smart contract which permits programmers to stable and code the network that additionally produces tokens from every user according to their set of rules, cryptographic measure {PoW and PoS} in constract to {CEX} centralization application which calls for the authority or manipulate of one node.
[Q;2] EXPLAIN THE WORKING SYSTEM OF DAPPS?
Decentralized applications has it own working system according to the following:
THE SMART CONTRACT AND THE PEER-TO-PEER METHOD
A smart contract is a procedure which mainly takes place withinside the Ethereum blockchain network of which an settlement among two or few anonymous people is formed and serves as a permission or code which can be used to accomplish a transactions or statistics to different users withinside the blockchain lacking an intermediary authority. additionally to the open blockchain system, Decentralize applications makes use of the smart contracts in progress deployed and execute their features on transactions according to the code settlement which can't be deleted or reversed.
As a result of that, Decentralized applications additionally permits the uses of the [P2P] peer-to-peer systems that permits a lot of individuals to transact with every different user, aside with the want and the authority allocated to one single user to approve a given transaction that may frequently delivered on a high cost price for each transaction and also the time wasted which normally takes place when running a transaction in the presence of a middleman authority.
Nevertheless, with the peer_to_peer [P2P] strategy carried out, , minimum fees were possibly made available during a real transactions process in the blockchain system through using a decentralized applications [Dapps]. since it could be stated that dapps are reasonably established on the smart contracts projects, getting their data saved withinside the Ethereum blockchain.
[Q;3]WHAT ARE THE DIFFERENCES BETWEEN DAPPS AND OTHER APPLICATIONS?
| DECENTRALIZED APPLICATIONS | OTHER APPLICATIONS |
|---|---|
| The decentralized systems network are immovable and protected, and it can't be hacked or tampered by any hackers, dapps are well protected, | handing the authority over to a single node or middleman, exhibits the user's transactions or informations to damage or stolen by hackers just because of the lack of protection inside the network. |
| Decentralized applications may be accessed through every user withside the blockchain network. | The different applications functions below the manipulate and power of one single node withinside the blockchain network. |
| The speed or the velocity that process in the decentralized applications is actually slow. | The velocity for the opposite applications really process very fast and high |
| Dapps normally executes transactions at a smaller or lower-rate price without the control of a middleman authority, | many different application calls for a higher fee transaction rate along side a central server who will perform the process. |
| Decentralized applications put in force the [P2P] peer-to-peer strategies and a smart contract which permits a speedy transaction and accomplishing the process. | The different applications don't have any backing contract or technique through which it produces a put off in running transaction inside its system network. |
[Q;4] EXPLAIN THE ADVANTAGES AND DISADVANTAGES OF DAPPS??
| ADVANTAGES | DISADVANTAGES |
|---|---|
| Decentralized applications always saves information which is irreversible, doubtful, and it can't be misplace as long as it's been saved withinside the blockchain. | Decentralized applications mainly calls for regular renovation and improvement in it system, which might be some times very tough during some adjustment settings are made or changes that occur when such may develop a leak part for hackers to hack in within the blockchain. |
| Decentralized application is actually an open Source network which develops an openness to users gor them to confirm any transactions which happens inside blockchain system. | Decentralized applications [Dapps] lacks users that operates the applications and it might develop more participative segment thereby no longer inflicting an impact in the network. |
| The safety level at the back of a decentralized applications is very excessive, using the [P2P] peer-to-peer systems for transactions procedures is the finest, and well protected, with it speedy process. | Decentralized applications normally runs transactions and information at a completely smaller low speed rate which might take a massive given time or few hours for any order to be accomplished successfully. |
| decentralized applications does not allocate an authority or power to any user to function within side the blockchain however provide every user the ability which may help to supervise the operation that happenes in the blockchain system | Decentralized applications calls for an excellent users experience earlier than working in the blockchain network just because of its procedures. ,. |
| The decentralized application runs below an enterprise which takes manipulate over agreements and allocation might be taken in a selection called smart contracts and it was powered through decentralized self organizations [DAO] | just because of a smart contract in [Dapps] decentralized applications, adjustment and changes can't be carried out without difficulties through a user for instance implementation. |
[Q;5] HOW CAN DAPPS DEVELOPERS PROMOTE THEIR APPS?
There are distinctive methods through which the decentralized application [dapps ] builders may promote their Dapps to benefit the general interest and probably earn rewards through it, here are the subsequent idea provided
- CONTENT CREATION
Generally, earlier when a person purchases an object or makes use of a product, the user could be attracted through its lovely layout and its significant package. likewise, a dapps creator or builder while developing its application, they wishes to supply and also program the application with the intention to be an excellent tool for usage, that allows you to yield massive gains or rewards to its users,in addition to that, the application have to be validated by Google so that it can be uploaded on google app store and others
- MEDIA ADVERTISEMENT
Many social media system may be utilized by dapps developers, let's begin with Youtube, Youtube owns a section in which ads, youtube shorts may be developed to show people the excellent functions of their applications , with such presentations of this applications, its name or sounds may be shared to the public and real users together with a probable immediate link for people to download or scan may also be presented. The ads developers may prolong it to different social media sites,
Secondly, an internet site which is [website] needs to be develop withinside the application in which often questions asked may be visible by individuals and they also create the website in a layout that it may use the application from the website both in IOS or windows format. with this strategy, people may be convinced that this decentralized application is actually real and may be useful to users.
lastly, signing an endorsements deals/offers may be signed among the app creators, and influencers that also makes use of the application and they post it as advertisement video or post in their page, with such strategies, their fans or followers can imitate their instance, that we make them to download the app,
[Q;6] WHAT SHOULD WE PAY ATTENTION TO WHEN USING DAPP?
Here are some factors we needs pay attention when making use of a decentralized application, 👇👇
- SCAM ALERT
The rate of scams and other internet fraudulent activities, is really elevating day by day, every user needs to be extremely carefully and observe any decentralized applications which they want to use. as we all know that scammers always develops applications which appears to be good for persons likeness, they create the application in a manner that people will enter their passward or private keys and when a user runs or perform a transaction, the application may shutdown or log the user out, we should be extremely careful and confirm or verify any application from its proper source.
- SECURE KEY
Every decentralized application normally starts with a registration procedure which gives a user the possibility to enter his/her profile and create a customized keys which may be used withinside the application, its going to be really useful to secure this keys by saving them in your email as a draft, hardware wallet and Notebook, to keep them away from disrepairing,
- REVIEW TRANSACTION
Dapps normally runs transaction on it system and because of this, users in this applications are expected to be careful and they should also confirm any address which they input in the receiver space, and check properly if its correct to prevent lost of funds.
[Q;7] HOW DO WE FIND THE INFORMATION OF A DAPP THAT WE WANT TO KNOW? PROVIDE THE STEPS (SCREENSHOT REQUIRED)
For the purpose of this task, I will make use of 👉 dappradar.com to highlight some informations about Decentralized applications, in conformity with their categories, here is how we can find any informations related to DApps 👇👇
- step [1]:: we have to visit the dappradar.com, site, then it's homepage will definitely appear, as you can clearly see from the screenshot I made blow here👇 then you gat to click on the Rankings icon to continue.
step [2]:: the Rankings segment will show up, then I can now choose one of this Dapps,, as you see Sunswap is ranked #1
and all those dapps operates under tron network,
Step [3]:: With those categories, I'm going to chose SunSwap, for us to know more or find more information about SunSwap, click on the [SunSwap)
step [4]:: the SunSwap interface will show up and as you can clearly see the statistics JustSwap and you may recognise that about 7,51k transaction s has already been made at the smart contract and it has complete numbers of 3,52k users/individuals operating on it system,
Step [5]:: the screenshot I made blow accurately show the full statistics on SunSwap the time i made this post.
CONCLUSION :
The idea of the decentralized applications has generated the possibility for us to access the blockchain system, from its network which is trusted, protected and open to its users, lacking the control of a middleman authority,
my greatest thanks to our professor @wahyunahrul for preparing such educative topic.
cc: @dilchamo