Steemit Crypto Academy Season 4 Beginners' course - Task 8: Decentralized Applications (dApps) : Home work task for professor @wahyunahrul || By @ready247
Q;1} What are dApps?
Q;2} Explain the working system of dApps?
Q;3} What are the differences between dApps and other applications?
Q;4} Explain the advantages and disadvantages of dApps?
Q;5} How can dApps developers promote their apps?
Q;6} What should we pay attention to when using dApps?
Q;7} How do we find the information of a DApp that we want to know?Provide the steps (Screenshot required).
Q;1} What are dApps?
DApps, from my understanding it is a decentralized applications built on programmable blockchains,
These programs or applications are fully decentralized and they run with hundreds of computer systems known as nodes. So which means that dApps are not simply processing on a single server, however, it works on a P2P network, (peer-to-peer). Therefore, nobody is in control. Any application that do run on a (peer-to-peer) pattern are known as dApps. which stands for, decentralized applications.
The decentralized applications is an open
source and it demands no middleman authority, for this reason the system cannot be suppressed,
Every records and informations are very transparent so everybody can assess it. When the smart contracts has been accomplished on the blockchain, cryptocurrencies may be included into the core features of dApps. All records and informations will be secured at the network and its protected with an encrypt or coded token,
On the dapps system, a user has freedom of speeche and opinion,
Every decisions are made collectively and all transactions that is been done in dApps do no longer undergo a server. Transactions are cut up equally between all nodes linked to the network and it has a speed rate in terms of transaction, speedy transactions process.
Q;2} Explain the working system of dApps?
Decentralized applications uses the blockchain networks to save all their records and information's on the network.
Every user in the system signifies a node withinside the network, and every user is liable for the network's right operating and functioning,
just as communication medium, those apps employ blockchain technology. The information of the movements accomplished that undergo a smart contract, contracts that modify those apps are saved withinside the network. Allowing all operations executing under the programming of smart contracts is one technique to make sure that every users take part in line with the set requirements.
Smart contract maintains or keeps records of the exchange among two persons and plays this transaction. Immediately the situations of each person are met, automatically this smart contract will activate and all transactions begins or takes place, The smart contract programs on it own and requires not anything however itself.
The Smart contracts offers a middle ground for authenticating every interaction. When new operation is been performed on the DApp system, every nodes will be updated.
Due to the the uses of Blockchain technology, DApps at large have made substantial progress.They possess system privacy, and they are safe, they also has anonymous interface,
Q;3} What are the differences between dApps and other applications?
Dapps process with much speed rate than centralized apps. Decentralized applications transactions, for instance, are excessively fast.
*When creating a decentralized application, Nice applications is more costly than many apps,
Due to the fact that nodes have permission to every single thing one uses,
decentralized applications are fully transparent plus it open source, making them more secure than normal applications,Traditional applications owns central nodes which controls or manipulate it application system, whereby decentralized applications possess no middleman or central authority that control its system.
Q;4} Explain the advantages and disadvantages of dApps?
ADVANTAGES👇👇
Due to the outcome of open source development, dapps are more secure and faster in the ecosystem,
Peer-to-peer system, Dapps do now no longer depend on a single factor of failure within the system, which includes a hosting server. Due to the reason that there is no obstacles or intermission in hosting it.
Resisting censorship, due to the fact that decentralized applications are not concealed by the central authority, it is very difficult for any authority or middleman to restrict entry to them.
DISADVANTAGES👇👇
In the case of decentralized applications, problem decision is extraordinarily difficult because it calls for all blockchain customers to replace all of their duplicates within the network.
In the case of decentralized applications, authentication is extraordinarily challenging on account that in contrast to centralized apps, because DApps do not process on a single server.
When it refers to decentralized applications, in comparison to different applications, their usage is extraordinarily combined and firm.
Q;5} How can dApps developers promote their apps?
Decentralized applications can also be advertised if the promoters attempt to arrange a competition for humans to take part in and offer prizes to any winner.
Decentralized applications are frequently driven on social media platforms, just like Instagram. Telegram and Facebook, between others.
The promotion of decentralized applications also can be aided via running a blog platform or systems and different sorts of social media.
Q;6} What should we pay attention to when using dApps?
The digital currency possess a lot of excellent potential, however it additionally has numerous danger, which most humans do not consider earlier before making an investment in it. There are some of swindled Dapps which have potential terms and conditions. They are known as High Risk {Dapps}.
The main high-risk on decentralized applications is that it vows to be transparent, decentralized, and to work along with famous exchanges, still they do not. They additionally vows to award and share tokens to individuals who join via your referral link.
Before making an investment in any of those dApp initiatives, it is important to make research.
Q;7} How do we find the information of a DApp that we want to know?Provide the steps (Screenshot required).
From the screenshot i made below, it shows different familiar Dapps that are
generally utilized.👇👇👇
The top rating Dapps at the DappRader app may be displayed while you click at the rating. Many Dapps can be discovered through tapping at the open defi ranking
According to the list ranked Dapps in the DappRader, you can see it clearly in the screenshots below, you see that Aave is been ranked as #1.
To access the Aave Dapp, you have to click on it,then tap the open Dapp icon,
Here is the recent chart, which also shows the exact date which is October 1st, 2021. Here are Aave's statistics👇
Liquidity : $9.18 billion
Market Cap : $4.8 Billion
Token Name : Aave
Token Price : $300.27
CONCLUSION
Dapps are more secure and faster in the ecosystem, and
When using a decentralized application, we should make sure that our private keys are not kept carelessly with and we should also save them at least 3 in many different places.
Honestly speaking, i learnt a lot from lecture, all thanks to professor @wahyunahrul for this wonderful task.