[BEGINNERS’ COURSE] STEEMIT CRYPTO ACADEMY: SEASON3-WEEK7

Greetings
A special thank you to @wahyunahrul professor for the lecture on dApps. My entry is below:

Will dApps be able to replace centralized applications in the future?

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To begin with, dApps are also known as decentralized apps.
Decentralized apps are digital applications that run on a blockchain network on computers and are outside the control of a single authority. These are apps that run a blockchain peer to peer network which acts as an operating system.

The dApps are owned and operated by an organization which gives full authority to every user in that organization to access data. They run on peer to peer networks such as the BitTorrent and the Popcorn Time applications that run on computers. It is very hard to delete a message or any information that has been published on a dApp because a single user doesn’t have any authority on running the applications.

I do agree that decentralized apps will replace centralized apps because they weigh heavier advantages than centralized apps.

Data stored on a decentralized blockchain is properly stored and protected. It runs on various computers and is visible to every user both privately and publicly. When a single computer goes down during an operation, it doesn’t affect any other persons computer and their data. It connects a big number of people worldwide without involving any third parties when carrying out transactions.

Categories of dApps
• Type 1
This category of dApps have their own blockchain. In this case they are created and built with their own blockchain. For example the Bitcoin.

• Type 2
These dApps have tokens that take part in their functioning which eliminates a third party during their use. For example the Omni Protocol which is a trading platform developed on top of the Bitcoin blockchain as a layer to facilitate trustless exchange of assets without involving a third party.

• Type 3
These work as data storage networks that replace data servers with additional computing resources of its users.

Is it possible for decentralized apps to steal user data?

Personally, I would say there is no possibility of dApps stealing users data because they are operated on by many people. Many people use decentralized blockchain networks such as computers to store data. This data is accessed by people and they can know what is going on and how every thing is being handled. Every user can see the activities of another user so Incase of any hacking or fraud links, another user can alert others in time.

Explain ways in which a dApp promotes its applications to the public

• Social media
This is a must for dApps because many people use different social media platforms and in this way, the public is able to know about the different dApps.forexample telegram, Twitter

• Search Ads
The use of search ads is another way of promoting dApps to the public. Ads are paid advertisements where when one is searching for something, they appear before.

• DApp websites
Through these websites, the public can access different dApp browsers and their components. Users are able to track, analyze and discover decentralized apps. Some of them include DAppradar.

• Major crypto currency forums
Crypto currencies such as Bitcoin and Ether are built on a blockchain system just like dApps so they help in its promotion to the public.

Choose a decentralized app and do a detailed analysis that proves that the dApp is a good one to users

There are very many dApps but am choosing to use Tron.

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Tron is a blockchain project for creating and hosting digital entertainment worldwide. It operates on a blockchain network without any central governance.
It has a Tron wallet which supports TRX in your account by storing it. It enables you manage your Tron assets as long as you have a Tron wallet account. You can be able to receive Tron notifications and know how much Tron enters your account.

How to get a Tron link wallet account
• first, you search for Tronlink wallet on chrome and then download it.

• Secondly you will have to put in your username that you prefer to use and email address.

• Then you will set up your preferred password and confirm it.

• You will see the mnemonic on your display and write it down correctly.

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• Then write or type it in very correctly so that you can access your new account

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• Lastly, you will be able to start using the Tron link.

Features of Tron
• High performance
Tron dApps are capable of handling various transactions in just a minute. Users with Tron can access their Tron assets any time and in a faster rate than the Ether and Bitcoin dApps

• Proof of stake
The proof of stake feature makes sure that transactions are made by the real owner of the account and in so doing all fraud and hacking issues are very much limited. This helps in eliminating counterfeit chains.

• Compatibility
This feature enables Tron allow the execution of other virtual machines. In this way the Tron TVM(Tron Virtual Machine) can accept the execution of the Ethereum Virtual Machine.

Tron tools include
• Tron studios
This tool is developed to collect and deploy solidility smart contracts on the Tron Virtual Machine.

• Tron grid
This tool helps in balancing services which enable developers to access the Tron network needing to run their own nodes.

• Tron web
Contains functions that deploy smart contact information. This tool also facilitates trade on the decentralized exchanges sp that people can carry our trade activities easily and change the blockchain state.

• Tron station
This is a JavaScript library application that estimates Tron bandwidth consumption and energy on a Tron network.

If you were a dApp developer, what kind of app would you like to create and explain all the details of the dApp plan u will make.

I would develop a dApp just like Tron which is majorly for carrying out transactions and storing its users assets. I would love to develop a decentralized blockchain that facilitates high liquidity so that all users who need to make transactions are worked upon at their times of need.

I would make sure the dApp is more of a peer to peer network so that I make decision making very easy. This eliminates third parties who come in and delay transactions. It also eliminates the centralized way of transacting hence embracing the decentralized blockchain network.

Conclusion
In Conclusion, the future for dApps is very bright because they were put in place to take over the centralized networks and the dApps are succeeding because they are taking up the transaction bit more rapidly in many countries.
It is a lucky chance that dApps are being embraced by people who understand the blockchain network and most of them know and see the advantages they have over these centralized apps.
They have entered various sectors such as Banking, Elections and voting, the internet and Gambling. They are doing good because their services are accessed by very many people worldwide and they can perform and attend to many users at the same time.