What are Dapps? The Future of Internet
What Dapps might you ask? Imagine keeping your car away from work and transporting passengers at work. Imagine letting your computer use its spare capacity to serve businesses and people around the world.
For more details visit What is a Decentralized Application (dApp)? dApp Examples in 2019
Imagine being rewarded by browsing the web and getting yours, which is a very valuable concern. Imagine a world like this. That world is not far away.
The way we look at software models is approaching change. When the first cryptocurrency bitcoin allowed us to reevaluate our definition of value storage (SoV), it also revealed the future: a world of distributed applications (Dapps).
These distributed, resilient, transparent and motivating applications will prove themselves to the world by re-mapping the technology world.
Want to learn more about Dapps? visit Meet Noor - Blockchain technology Guides
Since this concept is still in its infancy, there may not be a definition of what Dapp is. However, Dapps has some obvious common features:
Open Source
Ideally, it should be managed by autonomy, and all changes must be determined by the consensus or majority of their users. Its code base should be available for review.
Decentralized
All records of application operations must be stored in a common and decentralized blockchain to avoid traps of centralization.
Incentivized
The verifiers of the blockchain should be motivated by rewarding them with cryptographic tokens accordingly.
Protocol
The application community must agree on the encryption algorithm to display proof of value. For example, Bitcoin uses Proof of Work (PoW), and Ethereum is currently using PoW, and plans to develop a hybrid PoW/Proof of Stake (PoS)5 in the future.
If we stick to the above definition, then the first Dapp is actually Bitcoin itself. Bitcoin is an implemented blockchain solution that stems from issues surrounding centralized and censorship. It can be said that Bitcoin is a self-sustaining public ledger that enables efficient transactions without intermediaries and central agencies.
Ethereum Network
Although Bitcoin paved the way for cryptocurrency and blockchain technology, Ethereum showed the true potential of blockchain technology for the first time. Ethereum allows developers from around the world to run their Dapps on their platform. Ethereum developers can write smart contracts on Ethereum, which is the blueprint for Dapp.
In the Ethereum white paper, it was pointed out that the purpose of Ethereum was to create an alternative protocol for building decentralized applications with a focus on development time, security and extension. Because of the lack of a better metaphor, you might think that Ethereum is the mother of Dapus. With its own language, Solidity, Ethereum enables developers to use Turing's complete Ethereum virtual machine (EVM) to form intelligent connections. With these tools, developers let Dapps have real use cases, from asset management to resource planning.
Here is the list of Ethereum Dapps
Future of Dapp
There was once a popular cat game in Ethereum - CryptoKitties. In this game, players can buy, sell and breed different types of electronic pet cats.
No other cat in the world likes it completely, and there will be a new kitten every 15 minutes. No one can take your cat away, no one can change the look of any cat, no entity can control this DAPP. Everyone can participate in the game and the privacy of the participants is well protected.
The game was launched on November 28, 2017. Due to the favor of the participants, it quickly caused serious congestion in Ethereum.
Over time, DAPP covers many areas, such as games, communication, entertainment, social networking and more. The most popular DAPP has undergone several rounds of changes, but according to dapp world statistics, games usually top the list.
In the past few years, we have witnessed some DAPP market, and also witnessed DAPP's imperfections and single application scenarios. There is also a big gap between the activities of DAPP users and the traditional mobile Internet APP users.
At present, DAPP based on blockchain technology is still in the early stage of exploration, and there is no DAPP that can support large-scale applications, but it brings us a huge imagination.
Some people are optimistic about the combination of DAPP and the Internet of Things and the sharing economy. Others envisioned the scenario of artificial intelligence + blockchain = super AI. We can wait and see if DAPP will change the world.
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As long as we can try to maybe minimize or even eliminate backdoors, centralization, viruses, bugs, Trojan Horses, other backdoors, remote control backdoors, takeover, termination, of the APPs, the DAPPs. For example, Bitcoin is good. Steem is good. Ethereum is ok. DAPPs can build on those blockchain systems. As long as they're decentralized enough. Facebook Libra is not a cryptocurrency, however, but instead is digital fiat.
Yeah!!
We need proper rules & regulations!
No doubt the decentralized internet is secure but the user has to take the security steps to secure the system.
I am against regulations. That's why we have Bitcoin. Why? Because The Federal Reserve has proper rules and regulations over the Dollar.
That's cool!
How can we survive without regulation?
Is there any other way?
Annonymous are using bitcoin for money laundering!
Federal vs Local Power:
It is a battle between local power and federal power. Over time, in many countries, historically, governments would get bigger, which means more tyranny, taxes, regulations, suppression, problems, for local towns. It is better to minimize federal power in order to return power back to local communities, families, towns, companies, individuals, etc.
Money Competition
The same thing goes with money. Long ago, different banks had their own money currencies they would issue out. Money should have competition with other money systems. That is what cryptocurrencies is all about.
Bad People Everywhere
People use the dollar to do bad things. There are bad people everywhere. The bigger problem is with the criminals that use the Dollar for laundering. Bad people use guns. Bad people use knives. There are bad people everywhere. It is important to have some free speech and freedoms. And beyond that, private property is very valuable.
REGULATIONS
Regulations can be and might be good on a local level when agreed upon by the users, by the people involved. We should vote on the regulations, rules, etc.
WITHOUT CONSENT
The problem is when people force regulations on us without our consent with Trojan Horses. The problem is in Remote Access, Back Doors, Regulations, Taxes, etc, especially in how 5% regulations can grow to 80% regulations and taxes, etc, over time.
GRADUAL DECLINE
It is a slippery slope, it is a potential danger as absolute power corrupts absolutely, historically speaking.
Great!
Thank you for sharing the details!
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