What are decentralised applications or dApps and should investors keep them on their radar?
economictimes.indiatimes.comBut Dapps are just platforms and have native tokens incentivizing the developers. And you can take a closer look at some tokens with crypto exchange platforms like CoinSwitch Kuber.What are dApps?
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View Details »Decentralised applications are programmes that allow people to interact with one another without the need for third parties. Financial transactions or legal communication are examples of interactions that traditionally rely on third parties to complete the work. In this regard, dApps are advantageous because, rather than relying on the competence and trustworthiness of third parties, they enforce contracts and agreements using solid code and a layer of computers. To simplify, dApps are more advanced versions of regular apps that give you complete control over your transactions. They give you the personal freedom to interact with a peer without being held accountable for it, without Big Brother watching you every minute. These programmes, too, do not require any personal information to function.Here are some characteristics of decentralised apps:
They exist and run on a blockchain network powered by smart contracts. These smart contracts are open-source pieces of code created by a decentralised authority, and no individual authority controls them. dApps are powered by individual tokens based on the blockchain. Users who interact efficiently with the ecosystem get rewarded using the native tokens of the dApp. Most dApps are built on the Ethereum blockchain, thus they use ETH for transactionsHow are dApps different from regular applications? DApps
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