Why Globatalent use Dapps and What is dApps?

By Globatalent | Globatalent | 9 Sep 2019


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"DAPPS"

 A Decentralized application is very important in the blockchain world.

#Blockchain

#Bitcoin

#Ethereum

#Cryptocurrency

#Globatalent

A DApp is an open-source application that operates autonomously on a decentralized public blockchain. It cannot be controlled by any single entity, and it generates and uses tokens by following a standard cryptographic algorithm.

Analyze definition by breaking down to its individual components for starters Dapps must be.

Open-source

software is a type of computer software in which source code is released under a license in which the copyright holder grants users the rights to study, change, and distribute the software to anyone and for any purpose. Open-source software may be developed in a collaborative public manner. ("In short no hiding or everything")

Operates Autonomously

A blockchain database is managed autonomously using a peer-to-peer network and a distributed timestamping server. They are authenticated by mass collaboration powered by collective self-interests. ... A blockchain has been described as a value-exchange protocol

("Must be run on its own no third party")

Public Blockchain

The main difference between public and private blockchain is the level of access granted to participants. In the pursuit of decentralization, public blockchains are completely open and allow anyone to participate by verifying or adding data to the blockchain (a process called 'mining').

("Example Bitcoin  anybody can use to it the same with Ethereum")

No Single Entity

 the blockchain cannot be controlled by a single entity and has no single point of failure. Because every node process every transaction, no individual node is crucial to the database as a whole. This makes the blockchain very durable

("Example Bitcoin any changes to bitcoin needs to be done in consensus with the bitcoin network so single entity can make any changes to bitcoin since there is no CEO of Bitcoin this is the same for Dapps")

Generates and Uses Tokens

"dApps must be generated and has a uses tokens in case anybody can use bitcoin they need to have bitcoin. Just what you send and received but also bitcoin generates by the miners for processing and confirming the transactions"

Tokens must be Cryptographic Algorithm

cryptographic algorithm, or cipher, is a set of well-defined but complex mathematical instructions used to encrypt or decrypt data. The encryption and decryption processes depend on a cryptographic key selected by the entities participating in the encryption and decryption process.

"Proof of work using bitcoin"

This photo will show how bitcoin works.

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"That's why Globatalent use Dapps using Ethereum Blockchain"

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The first blockchain sports exchange where you can trade and support your favorite clubs and sports idol


Globatalent
Globatalent

The first blockchain sports exchange where you can trade and support your favorite clubs and sports idol

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