Steemit Crypto Academy Season 3, Week 7|Beginner's Course|Homework Post for @wahyunahrul, Decentralized Apps (DApps) - Future Apps From Blockchain System

in SteemitCryptoAcademy3 years ago

DECENTRALIZED APP(DApps)

Like its name implies DApps are completely decentralized applications with some elements such as back-end programs that run on the network in a peer-to-peer Decentralized network. A user inter-phase isn't unavoidable in DApps because it generates an end code for the backing of some relevant activities.

DApps are completely decentralized, which means they don't require any kind of central authority or government to function properly. Users can interact with providers in a clear manner. For example, if I'm a developer, I can decide to create an app that functions similarly to a twitter app and include it on a block-chain, anyone can post a message there since it is decentralized.

IS IT POSSIBLE FOR DAPPS TO REPLACE CENTRALIZED APPLICATIONS IN THE FUTURE?

Yes, I believe it is very likely in the future, and my reasons are very genuine. First, DApps create an end-to-end that backs certain operations, so if that gesture is taken into consideration in the future as a result of a centralized application, I believe it will be more splendid, and it will add extra value to the centralized application.
Let's go through some of the key features it offers, as well as how it may be extended to a centralized application in the future:

SMART CONTRACTS: If a smart contract is implemented in a centralized application, the many programs inside it will be entirely controlled by great logic, and the smart contract will be completely controlled by DApp execution.

DATA INTEGRITY: if DApps are replaced by a centralized application, you will discover that the data utilized is immutable, which means that third-party, so-called fraudsters will have no method of gaining access and therefore stealing your data.

PRIVACY: Privacy is a priority in our current age, so I guess if DApps replace centralized applications, privacy won't be subjective. Now, you can't be forced to provide your accurate identity when deploying a DApp, so your privacy is guaranteed in one way or another, unlike in centralized applications where your identity is sometimes computed.

TRANSPARENCY: Transparency is vital in the dealings of people per time, and the different data we utilize in this instance will be completely safe and secure. DApps aid in the supply of complete transparency and trust; if DApps can substitute a centralized application, data will be secure and widely available.

IS IT POSSIBILITY FOR DAPPS TO STEAL USER DATA?

Due to the fact that all data saved on a decentralized application is available to everyone, no one can steal user data. Every user has their privacy, and no one can modify it.

Anyone can find his way into a centralized program and steal crucial information from users, resulting in fraud or financial loss. Transaction data is available to the account owner in a decentralized application, thus if there is an intruder, they may be readily tracked and traced.

Nobody can defraud anything in a decentralized application, and the privacy is super legit on par with what we have in centralized platforms where data has a source where it's controlled. It's much easier for someone to gain access to one's data in a centralized platform and thus do away with some vital information.

WAYS IN WHICH DAapp CAN PROMOTES ITS APPLICATION TO THE PUBLIC

FAST AND EFFICIENT FIAT DEALINGS: this can be used to make money transfers very smooth, and it also serves as a way for DApps to promote their application to the general public. For example, if it took you 10 minutes to complete a transaction in a bank, and you decided to send a Crypto token through a Decentralized application and it only took you 2 minutes, you can easily keep using it by yourself.

PEER TO PEER: Decentralized applications support transactions between two parties without any intermediary, which we refer to as peer to peer, which makes transactions very easy and fast for DApp users in such a way that any user who wants to sell or buy any coin, the system has been built in such a way that there are always people to peer with for transaction, and with this DApps are promoting themselves.

BUSINESS MANAGEMENT: a Decentralized application is used by many organizations today since it is highly quick and dependable, and it does not require the participation of a human to process it. A cog is provided by the blockchain network with the aid of a smart contract.
For instance, a security firm may opt to utilize DApps to keep track of everyone who reports for duty at any given moment, and their wages could be collected there, possibly in the form of a Crypto, since there is a smart contract between the buyer and the seller.

SOCIAL MEDIA AND BLOGS: The best way of promoting an application in rest times is through the use of social media platforms as there are fast and very effective in the dispensing of relevant informations, On social media, any new or recently launched DApps may be advertised to educate the public on how DApps operate and the functions, qualities, and benefits of a decentralized application.

CHOOSE A DApp AND DO A THOROUGH STUDY TO DEMONSTRATE THAT IT IS SUITABLE FOR USAGE.

This software allows you to sell and purchase NFT while also allowing you to list your own NFT on the internet. The website is extremely simple to navigate, and when I look at the layout, it's quite simple to grasp. When you first visit the website, there are only a few options.

It indicates that the website does not have a lot of buttons and clicks. When you first enter the website, you'll see an option called Explore. If you select that, you'll see all of the listed NFT that you can get from this site.

20210813_132431.png

Search for the app opensea in dappreader as shown in the image above
After you've opened the dapp, you'll notice various options.

20210813_132438.png

To see the listed NFTs, click the explore button as shown in image above
To purchase NFT, simply click on it, and you will be prompted to link your wallet.

20210813_132441.png

Connect your wallet and pay the fee, and you'll be the proud owner of that NFT.

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20210813_132446.png

I've used this website before and know how simple it is to list your own ft; the process isn't difficult; there are only a few steps, and then you can add your NFT to the website; then, if someone wants to buy it, they can do so quickly; and the bi process is also simple; if you want to buy anything from this website, you can do so quickly; and when it comes to the options, everything is simple.

IF I WERE A DEVELOPER, WHAT DApp WILL I LIKE TO CREATE?

If I were a developer, I would like to make a liquidity App, which means I would design an app that allows investors to deposit their cryptocurrencies and then shade it so that the return you receive is based on the quality and quantity of bitcoin that you have legally deposited.

The App will then be responsible for switching from other cryptocurrencies of your choice, which will be wonderful since you will profit all around in the end. The App will be centralized, which means I will manage it. It will work in a similar way as pancakeswap DApps.

One thing to remember about cryptocurrencies is that it is essentially a way of generating money, if not more money, therefore if this App is developed, you will discover that it will help to stabilize the economy and the value of the Cryptos that have been deposited.

Its market capitalization will rise because, as I previously stated, if more individuals hold and trade a specific Crypto, its market capitalization will rise.

CONCLUSION

Finally, the world is moving toward a decentralized system; more cryptocurrencies are migrating from centralized to decentralized applications because decentralized systems have a lot to offer the crypto world; decentralized applications give users more opportunities and everyone has complete control over their account; users can conduct transactions at any time, and all transactions are recorded; users can conduct transactions at any time; and all transactions are recorded.

@wahyunahrul
@steemcurator02

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