Nowadays, many of us spend most of our time on mobile phone apps. While using them, we provide data to providers like Facebook, Twitter, Lazada, Shopee and trust it is safe. Have you ever been curious why these platforms let you use them for free? Because your personal data is valuable, and it can be sold for profit to advertisers (with or without your agreement).
This is where #dApp come into play, because DApp are controlled, and funded by their users. Let’s get to know what a dApp is!
What is dApp?
dApp (Decentralized Applications) are normal applications that come complete with blockchain and Web3 functionality. With peer-to-peer (P2P) blockchain networks, no one has centralized control over the dApp. Additionally, the code for dApps is open source, shareable, and stackable, paving the way for more developers to begin building.
dApp VS App
dApp and app interfaces are both designed to meet a user’s needs. DApp are decentralized, free from sanctions, and connect people from all over the world in real-time. Web2 applications are still in the control of the providers.
Example of app ➡️ dApp
Google ➡️ Brave
Twitter ➡️ LBRY
WhatsAPP ➡️ Telegram
Bitazza ➡️ Freedom Wallet
dApp Fun fact
❇️ There are around 12,230* dApps in the world.
❇️ Ethereum has the most dApps among all blockchains.
❇️ Most popular dApps category is GAME such as; Axie Infinity, The Sandbox.
❇️ Popular DeFi dApps are PancakeSwap, MakerDAO, Uniswap, Curve, and Yearn Finance
Disclaimer: Cryptocurrency and digital tokens are highly risky; investors may lose all their investment money. Investors should study the information carefully and make investments according to their own risk profile.
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