What is DApp ?

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What is DApp ?

As a result of the developments in blockchain technology in recent years, interest in Decentralized Application (DApp) projects has started to increase. Decentralized Application (DApp) started to gain importance in early 2018. The increase in the use of Decentralized Application (DApp) increases the quality of the blockchain ecosystem and increases the value of the coins in the chain.

Decentralized Application (DApp) is a computer application running in a distributed computing system. It has been popularized by distributed LEDGER technologies such as the Ethereum Blockchain. DApp works with thousands of computers named nodes that support blockchain instead of a single server. It works from a peer-to-peer network and not from a single server and has no control.

Features required to be a Decentralized Application ( DApp )

source of Blockgeeks

Open source: DApp is not controlled by any institution or entity. It has to operate autonomously, without being tied to a single checkpoint. Any changes to be made in the application are made using the consensus protocol decided by the participants.

Decentralized: Decentralized application data and transaction records are stored in encrypted form on a public decentralized blockchain.

Reward mechanism: Decentralized application uses encrypted tokens as a value transfer tool. In order for users to access the Decentralized Application, tokens are also required to reward consensus nodes and miners in the P2P network.

Algorithm / Protocol: The issued tokens are within the consensus mechanism. It uses most dPoS consensus algorithms, including Ethereum, EOS and Tron.

There is a smart contract at the Decentralized Application (DApp) center. Smart contracts are autonomous and a special program that runs itself when a set of specific conditions are met. While a Decentralized Application (DApp) is blockchain-enabled, smart contract is a binding task.

Decentralized Application (DApp) is distributed from blockchain networks with their own currencies. ETH tokens are used in the Ethereum blockchain system and TRX tokens are used in the Tron blockchain system. Decentralized Application (DApp) is coded to work with these cryptocurrencies. It is with the cryptocurrency of the blockchain system used to pay the transaction fees.

A standard encryption algorithm must be available for transaction encryption and a valid proof-of-value consensus protocol must be available.

DappRadar

DappRadar is the largest Decentralized Application (DApp) information center in the world. DappRadar; It is a center where users, researchers, journalists, analysts and investors can easily access actionable market data and make informed decisions.

Users can sort through the Decentralized Application (DApp) user and volume filters and quickly discover the most used Decentralized Application (DApp). Similarly, Decentralized Application (DApp) developers use the platform and reach new users from the developer dashboard.

source of Dappradar

TVL ; Total Value Locked, ADJUSTED TVL ; Inflation Adjusted Total Value Locked, prices locked as of 90 days prior, UAW ; Unique Active Wallets

DappRadar is followed by Decentralized Application (DApp) with three main metrics.

Volume, provides data on token volume within the Decentralized Application (DApp) In September 2019, DappRadar began tracking non-native ERC-20 tokens in EOS and ETH smart contracts to bring more clarity and accuracy to this data.

User numbers, provide data on the number of active UAW (Unique Active Wallets) in a given dApp ecosystem. allows users to measure the effectiveness of a dApp and make a decision to participate. DappRadar fights against fake and manipulated data from the very beginning.

The balance, allows potential users to identify some usage and popularity information. It shows the total flow of tokens in a DApp. It also acts as a measure of fraudulent activity. If the Decentralized Application (DApp) shows a small number of UAW (Unique Active Wallets) but shows large volumes in smart contracts, there may be fraud.

Regular Decentralized Application (DApp) reports are published monthly.

Examples

Augur; Prediction market platform

Cryptokitties ; Game based on the Ethereum.[9] It slowed Ethereum down due to insufficient transaction processing and exposed the scaling limitations of public blockchains

Blockstack ; A platform for developing decentralized applications.

Steem ; Based on blockchain technology, publishers rewarded with crytocurrency.

Result

Decentralized Application (DApp) is pretty exciting. It is developing rapidly to meet demands and regulations. It provides the ability to create banking, logistics and many areas of use. Thus, dApps will turn into a self-sustaining resource that can attract investors. As I always said, listen to everyone, decide for yourself...