A new and advanced breed of applications has entered the realm, known by the name Decentralized Applications (DApps). No one owns them, they can’t be powered down, and there are no possible chances of downtime. The technology that keeps them running is the well-known Blockchain technology. For More http://bit.ly/2YmGoMA

3. INTRODUCTION
TO dApps

4. A new and advanced breed of
applications has entered the realm,
known by the name Decentralized
Applications (DApps). No one owns
them, they can’t be powered down, and
there are no possible chances of
downtime. The technology that keeps
them running is the well-known
Blockchain technology.
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5. Characteristics of DApp
An application should follow a set of protocols in
order to certify as a DApp.
› Open Source - The application’s source code is
open to everyone.
› Decentralization - Utilizes blockchain and
cryptographic technology.
› Incentives - The application has crypto
tokens/assets to fuel itself.
› Algorithm - Token generation and inbuilt
consensus mechanism.
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6. How Does Dapp Work?
To make a DApp function properly, you’ve to follow the
aforementioned factors. To explain clearly, a dApp is an
open-source program that’s implemented on
decentralized platforms and regulated using tokens
generated using an algorithm.
Since it’s an open-source application, it is evident that
decentralized is embedded, because any participant can
view and contribute to the code. It also fuels the
scalability of a product in terms of quality and quantity.
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7. Proof-Of-Work (POW)
calls for prospectors to
extract blocks and receive
rewards. To keep the
blockchain secure, it is
essential to mine blocks
and add them to the
chain; it’s also an energy
consumptive process.
Proof-Of-Work and Proof-Of-Stake
Proof-Of-Stake (POS)
needs storing and
staking of tokens in
order to become a
feasible masternode.
This also aids in
securing the blockchain
and regulating the
transaction processes.
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