Beginner Course Steemit Crypto Academy Season 3 Week 7 | Decentralized Apps (DApps) - Future Apps From Blockchain System by @joelmaxwell
Question 1
Will DApps be able to replace centralized applications in other fields in the future?
Answer
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Yes
No third party required
Traders here will not be in need of any third party like bank manager before the perform transaction.the transaction wil be and can be made in their comfort zone without delay and will also have privacy when this is done.
security
So many people in the world will prefer a place or an application where the will be secured when performing transaction and also in need of strong security to avoid hackers or scammers unlike the centralized one where there is less or no security.
Trust
With the high level of security"DApps user will develop big trust to the DApps making it more trusted and reliable than centralized
Account Manager
The DApp will also helps individual in managing and doing any transaction he loves using the wallet.
Question 2
Is there a possibility for DApps to steal user data?
Answer
No
Though anything that has advantage has disadvantage,DApp is a decentralized application which has a strong level of security that can not easily be hacked by hackers or scammers because data are being stored in the blockchain and the data stored here are permanent and has smart contract that also does the duty of controlling the Dapp.it is advisable that an individual too should be security conscious.
Question 3
Explain the ways in which a DApp promotes its application to the public?
Answer
Managing of business
Here most of the business in the world currently are making use of the DApp in doing business due to the high level of security it has and by this the know that all the transaction the make using it is secured.
Initial Dex Offering
Here,it is one of the ways in which coin comes into lamp light through fundraising and here trader will be able to know more about any particular upcoming coin.
Advertisements
Through advertisement DApp can promote it app when you open a site and it pop up automatically you will have knowledge about it.
social media
Through social media handle such as Twitter mostly it can be a very good source in promoting it
Airdrop
This is to do with doing giveaway to the public with a coin that you want them to know more about and by this will promote DApp.
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)
Answer
Step 1
In order to choose a DApp I will first go to the site which is DAppRadar
After using the site the DApp exchange homepage display
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Step 2
I will be using uniswap,so i will click on uniswap.
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Step 3
Uniswap is rank number 8,show below in the screenshot
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Step 4
After opening uniswapDapp page it displayed alot of things such as swap,pool,vote and chart
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Step5
I will first explainhow to connect uniswap wallet to Trust wallet.
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Step 6
After clicking on connect wallet. we will see another thing display which are wallet connect,open in coinbase wallet and formatic.we click on wallet connect meaning our trustwallet will be conted directly to the uniswap DApp for swapping to take place.
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Step 7
Another page will come up
Which you will see a mobile or desktop icon if you are using system or QR code.
Screenshot for mobile wallet or Desktop
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Screenshot for QR code
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Step 8
The trustwallet start connection
If you click on open coinbase wallet as shown earlier on my screenshot it means you want to use coinbase wallet
And if you click on formatic wallet,you will havve to continue till you successfully link it with your wallet.
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To swap
Step 1
For us to swap a particular coin with a token.
In the homeepage you will see ETH but you can change it to any coin of your choice and you select token
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Step2
We click on select token,there is also a search place for us to search the token we want
I will be using BNT(bancor)
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Step3
Am using BNT token
I will have to put the amount of ETH I want to swap for BNT token
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For pool
It is here that position are being showed
We can also create a pool,migrate from uniswao v2 to uniswap v3,v2 liquidity and we can also learn
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For vote
Here we can create a proposal,see proposal that have been executed,once that have been defeated and the active once.
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For vote
Here we have the overview where we see chart,volume in 24h,we have pool and token
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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.
Answer
identification of project
If I was a developer,I will love to develop type 3 DApp,where people can play game,bet in the app and also earn coin when playing.
I will make it in a form of social media where you can chat with your opponent and place a bet with the particular token you have and if anyone should lose the app will automatically withdraw the token from the loser to the winner.
Provision will be made for mining and the system will also reward the winner by giving him a little token in form of Airdrop.
Budgeting
I will do a budget for this project that will cover everything such as advertising it on social,media platforms,Airdrops and promotions
Awareness and promotion
I will from the knowledge of previous lecture will do Airdrop to attract people and gain the audience.I will make it that the first 100 people to have the DApp will have a free token to mine and use it for the game and can also bet with it.
And also initial coin offering to raise funds.
security
I will make it very secured and trusted in that once you win the system without delay will withdraw from lover and deposit to winner.
You van also play demo with a high level of security for individuals wallet.
launching of App
I will test run it to see how strong the security is before I will launch it on DAppRadar
Conclusion
The knowledge of DApp has help me understand alot about how to access it using DAppRadar and how to transact with it I will have the opportunity of sharing my idea has a developer how I will develop my own personal application to make people love it.
I will say the DApp has come to stay and will keep dominating due to it strong security level giving people trust that their funds is safe.
I will love to appreciate prof @wahyunahrul for the wonderful lecture and I hope I have improved this week