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.
Recommended: What is Blockchain Technology in 2019 | Future of Blockchain Technology