Decentralized Apps (Dapps)Crypto
Decentralized Apps (Dapps) is When developers deploy applications on the blockchain to carry out actions without intermediaries they are called Dapps. These applications are used to complete decentralized finance transactions.to be more specific, Decentralized apps [Dapps] in Cryptocurrency world simply means, the combination of smart contract with interface.
What can Decentralized Apps [ Dapps] do?
Welle, the main goal of decentralized application [Dapps] is to generate diversification of application in Cryptocurrency market including finance application so one, Dapps is built on decentralized network with the main objective to support blockchain network.
Types of Dapps
According to our research, we think there is tree [3] different types of Decentralized application based on blockchain structure. But always do your own research to make sure you have the right information. tree [3] types of decentralized application:
- Single Dapps, meaning these categories of Dapps operate through their own blockchain, like, Ethereum and Bitcoin
- we have Dapps that operate by using smart contract of single Dapps, meaning their built on single Dapps, for example, Shiba Inu, mana these are ERC-20 token means their built on Ethereum Blockchain
- last but not least, Dapps that operate by using protocol of Dapps 2
What is the point of Decentralized Apps [Dapps]?
the main goal of decentralized is to facilitate cryptocurrency market by providing peer to peer transaction world wild, meaning provide service that operate 24/7and allow investor to transact one to another world wild without intervention of finance institutions or Fed.
What is advantage of Decentralized Application?
allowing cryptocurrency investor world wild to execute transaction without approve from centralized application or authority.
been able to operates freely 24/7 and the ability of prevent user safety .
What is the disadvantage of Dapps?
the main disadvantage of decentralized application is that most of them have supply limited and cannot be modify by any means, example bitcoin, no one can modify the code and data or blockchain of bitcoin,
it takes a lot to be perform
what are the most popular Dapps
the most popular Dapps well known:
- Uniswap
- Step App
- Alien worlds
- Open Sea
Are Dapps the Future of financial world
The answer to that question is yes, decentralized application will replace all centralized application with the main reason of peer-to-peer transaction also ability to operate 24/7 without authority to interevent, so yes, we think that Dapps is the future.
Are Dapps just website?
Decentralized application most likely are Web 3.0, because the interface of it and operation but with mission of helping cryptocurrency investor navigate multiple decentralized application world wild.
How do Decentralized Application make money?
Decentralized application Dapps makes money When developers deploy applications on the blockchain to carry out actions without intermediaries, meaning their making money by lunch token or initial coin offering [ICO], that how decentralized application makes money.
What was the first Dapp
According to the research the first decentralized application [Dapps]was create or release April 22,2016 trough Ethereum blockchain, since then, cryptocurrency market seen exponential grow of Decentralized application world wild. we have almost 3.500 for the moment we written this blog post.
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