Decentralized Applications Steemit Crypto Academy Season 4 - Homework Post for Task 8

QUESTIONS

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 apps? What should we pay attention to when using dApps? How do we find the information of a DApp that we want to know? Provide the steps (Screenshot required).

WHAT ARE DAPPS?

Decentralized apps, or DApps, are specially built applications that do not rely on or run with the aid of a central server. There is no business in charge of overseeing any transaction or activity that takes place in the app.

The decentralized applications (dApps) are internet programs that use block chain technology to operate. They exist as nodes in a peer-to-peer (P2P) network of computer users. The block chain would not exist without these users on the dApp platform. Its survival is dependent on the actions of these users. This makes it difficult for someone else to alter or delete something that a user has posted. For example, the Facebook platform's developers have the ability to tamper with or modify any material you create, but this is not possible with decentralized apps.

Bitcoin was the first cryptocurrency to use block chain technology, paving the path for the development of other dApps. Although dApps are not widely used at the moment, they are the way of the future and will be more valuable in the future.

EXPLAIN THE WORKING SYSTEM OF DAPPS?

DApps work in the same way that the Blockchain network does. Each user is a node in the network, and each user is accountable for the network's correct operation and functioning.

These apps leverage Blockchain technology as a communication medium. The records of activities carried out via a smart contract, as well as the contracts that govern these apps, are maintained in the network. Making all operations subject to smart contract programming is one way to ensure that all users engage in accordance with the rules.

Smart contracts offer a compromise for verifying each interaction. All nodes are updated when the DApp executes a new operation. The structure provided is one method of ensuring that we have access to the platform at all times. The only way to turn off all the nodes is if there is a computer attack; if this does not happen, the platform will continue to function.

DApps have achieved significant development as a consequence of their usage of Blockchain technology. They're safe and provide privacy, as well as anonymity in some cases.

EXPLAIN THE ADVANTAGES AND DISADVANTAGES OF DAPPS?

ADVANTAGES

Dapps are more safe and quicker in the ecosystem as a result of open source development.
Dapps no longer rely on a single point of failure inside the system, such as a hosting server, thanks to the peer-to-peer architecture. Because there are no hurdles or intermissions when it comes to hosting it.
Because decentralized apps are not hidden by the central authority, any authority or intermediary trying to restrict access to them will have a tough time doing so.
Because DLT comprises numerous nodes, data from Dapps cannot be modified.
Dapps are always available, they are much faster than the traditional apps. Moreover, Dapps in the DeFi field offer lower transaction fees, higher transaction volumes, and

DISADVANTAGES

Problem resolution in decentralized apps is extremely tough since it requires all blockchain customers to replace all of their copies within the network.
In the case of decentralized applications, authentication is extremely difficult due to the fact that, unlike centralized apps, DApps do not run on a single server.
When it comes to decentralized applications, their use is extremely combined and firm when compared to other applications.
Dapps are controlled by keys that cannot be memorized, unlike typical apps that use simple passwords established manually. As a result, key storage is always an issue to address.

Since the Keys cannot be memorized, and Dapps are decentralized, users are all on charge of the key safety if the key got lost or misplaced that is the end of it.. users cannot restored or reset their keys if lost or misplaced

WHAT ARE THE DIFFERENCES BETWEEN DAPPS AND OTHER APPLICATIONS?

DECENTRALIZED APPLICATIONS (DAPPS) OTHER APPLICATIONS(CENTRALIZED APP)

Because users are directly linked to the service provider, they do not require middlemen or third parties. They have to rely on other parties to complete deals.
DApps are far more secure than traditional apps. Hackers are more likely to target centralized apps.
In decentralized applications, the network's capacity rises in tandem with the number of users. As the number of users grows, developers of centralized apps will need to expand their network's capacity.
Decentralized applications continue to work even when users are not connected. When users go offline, the centralized program shuts down.

5). We don't have to disclose essential data like contact details with any authority when we install Dapps, but we do have to share data with third parties when we install traditional apps, which isn't ideal.

HOW CAN DAPPS DEVELOPERS PROMOTE THEIR APPS?

There are numerous ways for developers to market their apps, and because dApps are still in their infancy, it's critical that they get the attention they deserve. A few tools that may be useful in completing this work are listed below.

Social media: With billions of users globally, social media platforms such as Facebook and Twitter are important participants in the centralized social media ecosystem. Sponsored advertisements to a certain audience will be quite beneficial in promoting an app.

Airdrops promotions: As a method of giving back to society, developers might arrange giveaways and promotions. Tasks should be assigned, and those who do them should be rewarded with tokens. Developers may reach out to the less fortunate in their communities, increasing the number of individuals who are interested in checking out the app and perhaps downloading and using it.

WHAT SHOULD WE PAY ATTENTION TO WHEN USING DAPPS?

There are some certain things we should be on the lookout when using the dApps. First of all I will consider high-risk dApps . These are similar looking to dApps which are highly liable to be scam. They look similar to dApps but however doesn’t qualify the qualities of a dApp. They are called dApps because of its similarity to a dApp. This should highly be given attention when dealing with dApps.

Moreover, Ponzi schemes are also one thing which should be carefully be on the lookout. Ponzi schemes are investing scam which looks like a dApp so without keen attention won’t notice and would play along. These are some key point to pay attention to when using a dApp.

HOW DO WE FIND THE INFORMATION OF A DAPP THAT WE WANT TO KNOW? PROVIDE THE STEPS (SCREENSHOT REQUIRED).

The method for finding the information you need in dApp using Chrome or any other browser is outlined below.

Search for https://dappradar.com/ on any browser.