Hello friends:

Hope so well for all of you. I hope all the best for every user who is working with the community in efficient manners. I want to say thanks to the professor @wahyunahrul who delivered lectured with full zeal and zest. I have become able to understand the whole lecture in such manners that i have become able to complete my task of assignment.

Assignment Questions:

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

• Is there a possibility for DApps to steal user data?

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

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

• 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.

• Conclusion.

Question:01 = Will DApps be able to replace centralized applications in other fields in the future?

As compared to centralized application, decentralized applications are more secure and valid. Because in centralized applications, like Twitter, the data can be accessed through system and system can change the data according to their own senses. But in decentralized application this is not approachable. This application is known as the future uphold application due to its worth. This contains a unique and proper system, and is comparable to all the applications which we are using these days. That’s why these are known as “Decentralized apps”.

Source

Following are reasons behind future empowerment of Decentralized Apps.

• These applications may be known as DApps because of its connection with Blockchain Technology. Blockchain is a technology which attracts everyone to carry out all types to trisections without any tensions and the fear of leakage of transections. This provides very safe transection access.
• DApps use another system considered as peer-to-peer system. Which means that there is no proper institution holding its. But, usersd play crucial role in the development and running all the applications without any authority.
• DApps use the system of open source. It is very important system in which no one can manipulate anyone because all the data is recorded which may be accessed by anyone.
• Centralized Apps are under controlled by humans, while the DApps records all the trisection’s digitally, which don’t need any assistance of human beings.

Question:02 =Is there a possibility for DApps to steal user data?

No,
DApps cannot steal data. DApps uses open source system which means that data cannot be steeled because everything is clear and be exposed to everyone and all users may have access to it.The data in the DApps are more secure as they run on a blockchain network. Even though a single node is hijacked the security of the user data is not affected.Once the information is added to the block chain it is stored permanently. So there will not be any data loss once published.

But,
data can be hacked by hackers which is the issue.
However, the decentralized Apps are considered as very secure. But, there has been taken place a few incidents which make it confusing. Millions of peoples have been affected by the hackers of decentralized finance, said by the PolyNetwork in his published letter on twitter. The hackers have stolen almost $600 million in crypto currency from PolyNetwork.

Hackers may have approach block chain in following scenarios.

During the process of creation of block chain there may be some security issues due to errors found while creating the account. At that time the hackers can approach in illegal manners and may steal the data. Unfortunately, the bogus activity in block chain cannot be altered. So, hackers can steal data without being detected.
At the time of trading on crypto currency the hackers can approach while on exchange the currencies due to security issues.

Question: 03 = Explain the ways in which a DApp promotes its application to the public?

Owing to its applications this is growing with in no time. Its features are attracting a lot of people in this globalized world. DApps can give everyone the access to the smart contracts. Transections can be done which are accessible and transferred to other users who meet the demand in smart contracts.

Following are reasons behind DApps promote its applications to the public.

Fast dealing:
While using crypto token in Decentralized application take very short time as compared to transection in bank accounts. Through these Apps you can save your time which is attracting the people. So, this promote the application to the people.
Peer-to-peer system:
DApps use another system considered as peer-to-peer system. Which means that there is no proper institution holding it’s? But, users’ play crucial role in the development and running all the applications without any authority.
Open source:
DApps use the system of open source. It is very important system in which no one can manipulate anyone because all the data is recorded which may be accessed by anyone.

Question:04 = Choose a DApp and do a detailed analysis that proves that the DApp is a good one to use. (Provide proof with screenshot).

I am going to choose the Dapps then through the explanation i will expose the knowledge that how we can use and move on different types of ranking in DApps and their uses.

Lets have a visit to DApps Source

From above options through the selection of all we can choose the all apps in raking. I have selected the Pancakeswap which is very useful and beneficial for all users.

Option (Connect to wallet) is available on top right corner.

When we select the option; connect wallet following scenario we observe:

After DApps observation, i opened the options available on Pancakes info & analytics:
On the top side different options are available such as overview, pools and tokens.In the overview option we can seen the grapgh such as:

In the option tools in the middle pool and volume rate is given.

All token on the top right option are given in following scenarios.

Translations detail can also be observed which is very informative step:

Above information is very important for traders related to crypto currency.

Question: 05 = 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.

Steps of DApps development:

Project identification
It is very crucial step. Because without proper identification, you are unable to complete the task. So, this plays very important role in the developing stages of DApps. In this step all the related problems are identified and sort out all these problems.

Documentations:
In this all the features are exposed. Time limit is given. In this step readers becomes ever pros and cons of the apps.

Develop the App:
App is developed by using the visionary approaches. Ethereum provide us the platform in order to generate the DApps.

Launching the App
Launching the app is also very important because the professional becomes aware from it after launching the app.

Source

Conclusion

At the end I would like say thanks to the professor @wahyunahrul for exploring our knowledge. We have become able to learn a lot about the decentralized applications.

It is evident from the whole discussion that it would surpass the centralized applications in future with in no time. It has evolved the globalized world through its proper and efficient features.

Regards:

@fiaznawaz