Today I will be presenting my homework task for prof @dilchamo ,The lesson talked about Decentralized Application,The lesson was easy to comprehend so without wasting much time I will be presenting answers to each questions systematically.
WHAT ARE DAPPS ?
EXPLAIN THE WORKING SYSTEM OF DAPPS
WHAT ARE THE DIFFERENCES BETWEEN DAPPS AND OTHER APPLICATIONS ?
EXPLAIN THE ADVANTAGES AND DISADVANTAGES OF DAPPS
HOW CAN DAPPS DEVELOPERS PROMOTE THEIR DAPPS
WHAT SHOULD WE PAY ATTENTION TO WHEN USING DAPPS
HOW DO WE FIND THE INFORMATION OF A DAPP THAT WE KNOW ? PROVIDE THE STEPS (SCREENSHOTS REQUIRED)
The decentralized application is the short form of DApp.It is also known to be a project that has been specially created to operate on the blockchain system.All the activities the users performed in the DApp are always in the full control of the user,No third parties are engaged in this type of system,Users always operate on a smart contract and it is under no control of the mediators.When we talk about the DApp it differs from all other application,With the facts that this type of application has no restrictions for users to participate and it is not under the care of any heads.The decentralized Application is very exceptional and also ordinary from all the other application since users are having their peace of mind in the system and all other activities is always clear to the users,This application do not entertain any mediators,This has kept the decentralized application well protected from all hackers or fraudster because users are having all their keys in hand that is their public and privacy keys,Which is going to utilize in operating this system.So it is very advisable to keep their keys is a cool and save place to prevent them from losting,Once the user keys is missen his or her account will be very difficult to operate and it very hard to retrieved them,Also in the DApps when users when to run a transaction it can be done on a p2p system,This proves to us that no third parties are involved in the system.The decentralized Application can be approached on the tronlink wallet,binance,Huobi and many more,Also Pancakeswap,Uniswap, BitTorrent etc are all classified as examples of the decentralized application.
The DApp happens to be software program which always work on a blockchain network system.This tell us that the DApp can’t work on it own,It must come incontact with web before it can be used.The DApp is a multiplatform whose activities are always controlled by the users and it not under the care of authorities,Users in this system always make utilize of the smart contract,So all the transactions activities run by the user is always listed in the blockchain network.Each time the user wants to make a transaction it is always done in a p2p network system,This clearly tell us that all transactions do not need approval from third parties or mediators before users can make transactions,Also transactions charges are very less and also the blockchain take transactions charges from the user assest,So users must have enough assest before transactions can done.
| DAPPS | OTHER APPS |
|---|---|
| Dapps are specially created to operate on a blockchain system | Other app are specially created not to work on any blockchain system |
| It uses smart contract,So it do not involve any third parties when it comes to transactions | Do not operate on a smart contract,So all transactions involves the approval of third parties |
| Users who utilize this this system are always give token in form prize | Users who utilize this this system are not given any token in form prize |
| The Dapps network system is very protected,Since no third party are involve so users are having fully control over their keys | The other network system has a low protection,Since it involve third party so users are not having fully control over their keys |
| All the activities run by the users is very clear and also all transactions details are listed in the blockchain | All the activities run by the users is not clear and also all transactions details can’t be listed in the blockchain |
ADVANTAGES
The Dapp is built to work on a decentralized system so all activities and transaction do not engage third parties or mediator and the system is not managed by any heads.
The Dapp is built to work on a digital ledger,Where all transactions details are been listed in the blockchain is very protected and all activities is clear to users.
The Dapp do not entertain mediators in their system,So this help any user to operate the system anytime without restrictions.
The Dapp has the chance to link to other application since they are having same purposes.
The Dapp is very protected from all hackers,Due to the facts that they are linked to good blockchain network system.
The Dapp has specially created to work on a smart contract,Also it is very hard for other users have access to other users data in wallet.
DISADVANTAGES
The DApp is a free open source software and also utilize the smart contract,With this it make newbies who do not have an experience in system endangered of losing their assest to fraudsters.
The Dapp transactions can’t be retrieved,Due to the facts that it does not engage mediators to help in verifying all transactions details,When users make error to send fund to a wrong it is very hard to get them and this can cause a big lost to the user.
The Dapp has it verification procedures very difficult,Because it does not engage mediators to help in the verification,Unlike the centralized system where mediators are always engaged which makes verification very fast and simple to users.
The Dapp happens to be an operating system,Before users can have entry they must have connection to the internet and also it need users with high experience with the computer before they can utilize perfectly.
The Dapp are not familiar with newbies unlike the other application,Which makes users to have a very hard time operating especially new newbies.
The Dapp can be promoted when dapps developer utilizing the airdrop,That is developers giving out free rewards to all the new user who is going to participate in the DApp,This is going to call on the attention of the public to make use of the DApp and also get their rewards.
The Dapp can be promoted by developers making use of social media such as Facebook,WhatsApp,Instagram and telegram discord,By making advertisements of the DApp on the social media,Since a lot of people make use of the social media it will call the attention of many users to participate.
Developers of DApp can promote their DApp by broadcasting their link for users to visit and get more information and participate,With this the DApp is promoted
The Dapp can also be promoted in magazine and newspaper,Since people make use of it the DApp can also be promoted.
The Dapp developers can promote their DApp through the making of posters everywhere,Due to curiosity other users will be aggressive to read and follow to participate in the Dapps and it will be promoted,Their posters must contain a lot of informations.
Anytime a user want to utilize a DApp to partipate and store their assest in there,They must know the type of DApp they are engaging themselves to avoid falling of loosing assests,Since we have valid and invalid Dapps.
Each time a user want to make transactions all details might be checked very carefully to avoid sending their funds to a wrong person,Because it is very hard to retrieved,All users must checked transactions very well and well.
Because the system is not managed by any individual or involvement of third parties in transactions,The system is very protected from all scammers,Users must be very careful when handling their public and private key to prevent them from losting or share with a different user.
All users who wants to participate in DApp must be able to do more research about the Dapps they want to participate,And they must be sure of all their researches to be more genuine before they start to put money into it.
- Performing this task I clicked on this link to launch my webpage and continue.
- Now that our page has opened,I looked on left top corner of my webpage and locate the menu option and clicked on it.
- After clicking on the menu option,A pop up menu will display with a lot of option,And I chose the ranking.
- After clicking on the ranking a new menu was displayed showing the ranking of all the token on market,Ranging from first to last respectively.
- In my next step I decided to take pancakeswap and give all the analysis on market.
- After clicking on the pancakeswap it was successfully open displaying all it analysis on market.
Here are all the analysis on market
Ranked #1 in general
Token name = Cake
Token price = $20.21
TVL = $11.55B
ATVL = $8.69B
Market cap = $10.47B
Nice
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#club5050 😀
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Thanks 🙏😀
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