Decentralized applications (DApps) are digital applications that run on blockchain networks with smart contract support instead of central servers. The source code of DApps is open to everyone, so all users have the ability to copy or modify DApps. DApps are used in various fields such as gaming, finance, and social media.
DApps are applications that run on decentralized networks instead of centralized servers and can be accessed via computers or smartphones. Like traditional applications, decentralized applications also offer users different functions and utilities.
Decentralized applications are software that operates without a central authority, depending on an institution or person. These software programs can operate on blockchain or peer-to-peer (P2P) networks. The main goal of DApps is to minimize the influence of third parties on transactions.
With the widespread adoption of DApps, many different DApp projects have emerged. Some examples of these DApp projects are Neo (NEO), NEM (XEM), Basic Attention Token (BAT), and Golem (GNT).
The features of decentralized applications are as follows:
- DApps are open-source, which allows all users to verify, use, copy or modify DApps.
- DApps are blockchain-based and data on DApps are secured through cryptography.
- Access to decentralized applications is provided through tokens.
What Are The Advantages of Decentralized Applications?
Decentralized DApps, which are not controlled by an authority, provide protection against censorship. In other words, unlike traditional software that operates on centralized servers, DApps operates on a decentralized network consisting of various nodes, making it an unstoppable and uncensored structure.
The probability of interruptions in transactions is almost zero. Decentralized applications that operate on blockchain infrastructure help the adoption of cryptocurrencies.
Decentralized applications are generally more secure than traditional applications that are connected to centralized servers. The fact that DApps are open source and visible to everyone provides security.
What Are The Disadvantages of Decentralized Applications?
Open-source coding provides advantages for DApps, but there are also negative aspects. Cyber attackers can identify weaknesses and launch attacks.
DApp projects that do not have a large user base are considered unsafe because the security of a network is assumed to be high if there are more users connected to the network.
Popular Use Cases for DApps:
Financial Services
DApps can be used in areas such as peer-to-peer financial transactions, making it possible to perform currency exchange or asset transfer transactions easily and quickly.
Identity Verification
DApps can be used in various areas such as passport applications or voting systems to securely store and verify identity information, thus allowing secure and effective identity verification processes.
Supply Chain Management
DApps can be used to track the movement of goods along the supply chain, providing transparency and trust.
Real Estate
DApps can help facilitate easy and secure real estate transactions by enabling direct transactions between buyers and sellers, as well as tracking documents such as property ownership and certificate.
Social Media
DApps that allow users to interact and share content without the need for a central authority can help create decentralized social media platforms. This allows users to communicate securely and share their ideas freely.
Education
DApps that facilitate direct interaction and collaboration between students and teachers, without the need for intermediaries, can help create decentralized learning platforms. This can lead to easier, faster, and more direct interactions between students and teachers, leading to advancements in the field of education.
