Decentralized Application (Dapp) - News, Opinion & Analysis

Dapp

1,214 Articles 35 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. 


Dragon Jumper Weekly Battle Challenge | Splinterlands #113

21 Aug 2021 3 minute read 0 comments mercurial9

This week's battle challenge focuses on the Dragon Jumper: Card Details An untamed edition legendary rarity monster from the Dragon Splinter at level 3: Estimated cost: $1040 Mana cost: 7 Melee damage: 4 Speed: 5 Health: 6 Flying ability: Has an i...

Signed up for Ethermon - Claimed my 3 Free Starter Mons today

20 Aug 2021 2 minute read 1 comment handtalk5

Ethermon made it's first appearance in 2017. Back than it was still known as Etheremon. It was not until some months later that I took my first steps into Cryptoland and while I had already heard of projects like Crypto Kitties, the whole NFT scene w...

Quest Potions Produced a 357% ROI after 7 Days | Splinterlands #112

18 Aug 2021 1 minute read 0 comments mercurial9

Ever since @costanza made a post about Quest Potions, I was intrigued by this. I wasn't aware of these potions and that purchasing them provides 5 extra loot chests when completing your daily quests. Naturally, I jumped in and decided to run a 7-day...

MoonCoin has launched 300% ROI on BNB!

18 Aug 2021 1 minute read 0 comments Lucapelle

If you are a small investor tired of whales eating all the profit on Farms, or you're always late getting in ROI Dapps, you should check out Mooncoin Finance Minumum investment 0,05 BNB! As you can see I got skin in the Game and Roi App works flawles...

D.Buzz Features : Banned.Video : Video Embeds

18 Aug 2021 1 minute read 0 comments dbuzz

▶️ Watch on 3Speak   D.Buzz Features: Banned.Video: Video Embeds D.Buzz supports video URLs as Embeds from banned.Video  . Head over to Banned. Video and find a video you wish to share. Below the video, there's a share icon to click on, upon click...

Dark Ha'On Weekly Battle Challenge | Splinterlands #111

16 Aug 2021 2 minute read 0 comments mercurial9

This week's battle challenge focuses on the Dark Ha'on: Card Details An untamed edition legendary rarity monster from the Death Splinter at level 1: Estimated cost: $59.90 Mana cost: 10 Melee damage: 2 Speed: 3 Health: 13 Armor: 1 Taunt ability: A...

Splinterlands Basic Overview for New and Potential Players

15 Aug 2021 5 minute read 0 comments handtalk5

Splinterlands went parabolic recently with registered accounts exploding from 50,000 to 300,000 over just 9 months. On Discord there are new members joining the Splinterlands server every second. New players means there's onboarding to do. It is no s...

Splinterlands New Player Guide Life Team

15 Aug 2021 1 minute read 0 comments SteveR82

The Life team is strong. But I don't use them as much due to my little story at the start. I am glad that I have the good Untamed cards because soon I will have a strong life team in the Chaos set if all goes right. In this one, I break down the car...

NFT "ME"! - But can I "exchange" my NFT and is it "transportable"? Is There a NFT "Graph"?

14 Aug 2021 1 minute read 0 comments CTN

NFTs, NON FUNCTIONAL TOKENs NFTs are all the "rage"!  Lets talk about how we should be able to "transport/exchange" them - you know - pass them around.  I mean, clearly if we "sell" an NFT - we need to be able to freely "exchange it/convey it" to the...

How to trade Eos?

13 Aug 2021 5 minute read 0 comments Michael Selge

EOS is an operating system that provides participants with the ability to create decentralized applications. Unlike its competitors, EOS can process several hundred thousand transactions per second. Learn more about the project, its prospects, as wel...