Definition, Uses, Pros and Cons
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A web app such as Uber or X (formerly Twitter) runs on a computer system that is owned and operated by a company that has authority over the app and its workings. No matter how many users there are, the backend is controlled by the company.
DApps can run on a P2P network or a blockchain network. For example, BitTorrent, Tor, and Popcorn Time are applications that run on computers that are part of a P2P network, which allows multiple participants to consume content, feed, or seed content.
dApps run on a blockchain network in a public, open-source, decentralized environment and are free from control and interference by any single authority. For example, a developer can create a X-like dApp and put it on a blockchain where any user can publish messages. Once posted, no one—not even the app creators—can delete the messages.
dApps have been developed to decentralize a range of functions and applications and eliminate intermediaries. Examples include self-executing financial contracts, multi-user games, and social media platforms.
DApps have also been developed to enable secure, blockchain-based voting and governance. DApps can even be integrated into web browsers to function as plugins that help serve ads, track user behavior, or solicit crypto donations.
Read MoredApps can be used to securely store and verify identity information, such as for voter rolls or passport applications.
Read MoredApps can be used to store and track healthcare records, as well as to facilitate the communication and collaboration of healthcare professionals
Read MoredApps can be used to create decentralized learning platforms, allowing students and teachers to interact and collaborate directly without the need for intermediaries.
Read MoredApps can be used to track the movement of goods through a supply chain, ensuring transparency and accountability.
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