Decentralized Application (Dapp) - News, Opinion & Analysis

Dapp

342 Articles 13 Followers

A Dapp (pronounced Dee-App) is a decentralized application in which the application’s backend code runs on a decentralized peer-to-peer (P2P) network. To provide contrast, a traditional application has its back-end code running on centralized servers. 

The advent of Dapps have been popularized by distributed ledger technologies (DLT), namely the Ethereum blockchain. Ethereum became the first blockchain-based platform to build smart contracts and decentralized applications. Currently, Ethereum remains as the platform of choice for Dapp development by developers and thousands of dapps have already been built. 

For an application to be considered a Dapp, it must often meet the following criteria:

  • The application must be completely open source. No single entity can be in sole control of its development. Developers can build the dapp and propose improvements but all changes must be decided by consensus of its users.
  • The applications data and records of operation must be cryptographically stored in a public and decentralized blockchain. This is to prevent central points of failure and downtime of the dapp.
  • The application must use a cryptographic token, whether it’s Bitcoin or a token native to the applications blockchain. The token must be used for access to the application and its associated operations. 
  • The application must generate tokens to prove the value of the nodes contributing to the application, similar to how Bitcoin uses the proof-of-work consensus algorithm. 

According to the Ethereum whitepaper, there are three main types of Dapps; apps that manage money, apps where money is involved in addition to other components, and other types of apps including voting and governance systems. 


Helios Protocol: Scalability as a service and purpose

3 days ago 2 minute read 3 comments Paraguanads

Blockchain technology has undergone a huge number of evolutionary changes in favor of massification and the practicality of its use. From small enterprises to private users, those who want to be part of this ecosystem (either by obtaining cryptocurre...

How to find easily Decentralized Applications

6 hours ago 1 minute read 0 comments dexpartacus

Today we go to see together a very interesting DApp site that collects the most popular by Ethereum, EOS, Tron, Steem, Neo, Claytin, Lino, Iost, Tomochain, Terra, Vexanium and Icon. From video games to exchanges, socials to gambling. Very complete a...

What is the EOS token? The Ethereum killer? You decide!

1 week ago 5 minute read 8 comments LiquidAttic

I really like the EOS logo. And the tech is very promising at the monent of writing. But in general I like the whole look of the project. But there is also a lot of controversy around this project.  I was really wondering what is the next big project...

Exodus Wallet Review

3 Jan 2020 2 minute read 21 comments CryptoJES

Crypto wallets are indispensable to the crypto community; a wallet is where every new crypto user should start. A good wallet can keep you interested, informed, and feeling safe. The wallet I chose and still use is the Exodus wallet. I began experim...

Top Things You Should Know About Tron (TRX)

31 Jan 2020 23 minute read 39 comments MuyAsk

Hey guys :) I’m back with another information-packed piece to give you a deep understanding and insight on Tron (TRX)! If you haven’t seen my last piece on Binance and BNB, be sure to check that out too. Hope you enjoy the read! To Buy, Sell, or Trad...

What is IOST? [A Comprehensive Guide to Understanding IOST]

7 Oct 2019 6 minute read 3 comments Mr.CryptoWiki

image source: https://medium.com/cryptogists/guide-how-to-swap-your-erc-20-iost-token-to-iost-mainnet-token-913cafa5f7a1 IOST is a next-gen dApp and smart contract platform that tries to compete with the likes of EOS, Ethereum, or NEO. Unlike other...

Synthetix for Dummies

15 Jun 2019 8 minute read 12 comments TwiceCrypto

I was researching about decentralized finance when I first came across Synthetix from a tweet from @DegenSpartan. (Learned a lot from his views/knowledge about DeFi & Synthetix - definitely worth the follow!) It was really difficult to comprehend the...

💥💥💥New Puml Pre-launch Competition: Win $100 USD #BTC + 1,000 $PUML🎁🎁🎁

28 Feb 2020 1 minute read 0 comments jeninacrypto

Hi Cryptolovers!🍀 Here is your lucky chance to Win $100 USD #BTC and 1,000 $PUML 💥🎁 New Pre-launch competition RULES:  1.>  RT and Follow  @pumlhealthio on Twitter ​https://twitter.com/pumlhealthio/status/1233221688348667905?s=19​​​ 2.> Tag friends...

What is WAX (WAXP)? [A Comprehensive Guide to Understanding WAX]

9 Dec 2019 6 minute read 2 comments Mr.CryptoWiki

This is a what is guide on WAX (WAP), a gaming focused blockchain project. Check out the other guides I've written, like Beam (BEAM), Cardano (ADA) and Algorand (ALGO).  Did you know there were almost 1.82 billion video gamers across the world in 201...

Hydro $HYDRO | 1 Year HODL Experiment | 3rd Month

4 days ago 2 minute read 0 comments Cryptolohy

Public Service Announcement: I am running a year-long giveaway, check out how you can participate here: https://www.publish0x.com/cryptolohy101/cryptolohys-airdrop-and-giveaways-experiment-2020-edition-xzxewg?a=Vyb896ldvA   Alright, here we are for...