The Blockchain requires an application to showcase its function and quality, which the Dapps represent.
What Is Dapp?
Decentralized Applications (Dapp) are applications built on blockchain ecosystems for real-time use-cases and peer-to-peer transactions, Dapps are similar to the usual web application but run with smart contract functional codes.
A good range of blockchain projects can be classified as decentralized applications based on their root, and constructive purpose, which can be of different categories, for example, nft sales app, games app, metaverse app, and blockchain data-based applications which are created on the various blockchain networks,
The Different Functional Aspects of Decentralized application.
The name Decentralized application reflects the purpose, basically not established or controlled by centralized decision-making or linked to central communication protocols, decentralized applications are often made open-source for contributors of the particular network which may be a selected few.
The decentralized application frontend is built on the regular HTML, CSS, or JavaScript code but the backend programs are constructed on smart contract codes such as Golang or Azule which are connected to the blockchain network instead of the central Application Programming Interface (API) database
user’s Data are channeled to the blockchain through smart contracts and thereby can be connected to a custodial wallet to interact with a specific blockchain distributing network, diverting the regular HyperText Transfer Protocol(HTTP), this is to prevent centralized data monitoring and censorship, for example, when a user logs-in into a Facebook account, the font of the websites page displays a collected user data held on the backend of the application which can be vulnerable to censorship or data manipulation.
The Key factors powering a decentralized application
There are various key factors of a decentralized application that can be referred to as functional purposes.
1. A smart contract that determines or finalizes a peer-to-peer interaction on the blockchain network.
3. A tokenized asset or non-fungible token (NFT) is required to determine a particular purpose or want of a Dapp user, tokens are generally required on a decentralized application for NFT purchase, liquidity mining, and swaps which requires a smart contact interaction.
3. Wallet, In other to interact with a smart contract, a wallet that contains a certain amount of tokens is required for the peer-to-peer blockchain transactions
Type of decentralized applications,
A. Dapps that are based on their blockchain
B. Dapps that use type A blockchain
C. Dapps that runs on type B source code
The Types and factors all work together
The Future of Decentralized Application
Dapps are being built by the mainstream and top companies of the world for various functional purposes, these applications consist of Fintech, media, trading, longevity, name services, or crowdfunding. Which can be used for real-life benefit without the interference of a centralized party.
In conclusion, decentralized applications is the future of the web.
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