The world of DApps is rapidly evolving, and it can be difficult to keep up with the latest developments. This presentation is designed to provide you with a solid foundation in DApps, so you can stay up-to-date and understand their potential for disrupting traditional industries. Visit here - https://bit.ly/3Ls1ZeB

1. Understanding
the Basics of
Decentralized
Applications (dApps)

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Introduction
Blockchain technology is revolutionizing how we think
about digital systems. dApps are a core part of this new
wave of technology.
Decentralized Applications, or dApps, consists of back-end
code that runs on a P2P decentralized network. They use
blockchain technology to give consumers greater power
over their data by removing the need for centralized data
management, thus, rendering the service “decentralized.”
Let’s explore dApps in detail.

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dApp Architecture
Decentralized applications have a unique architecture that differs from traditional
centralized apps. Here are the key components of a decentralized application:
Ethereum
Blockchain
Smart
Contracts
Ethereum Virtual
Machine (EVM)
Front-end

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Ethereum Blockchain
Ethereum is a decentralized and open-source
blockchain platform that establishes a peer-to-peer
network to execute securely and verify app code,
known as smart contracts. Decentralized apps
have their back-end code (smart contracts) running
on a decentralized network, not a centralized server.
dApps use the Ethereum blockchain for data storage.

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Smart Contracts
dApps use smart contracts to define the state
changes happening on the blockchain. It is a
collection of code and data that resides at a
specific address on the Ethereum Blockchain
and runs on it. They are written in high-level
languages, including Solidity and Vyper.

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Ethereum Virtual
Machine (EVM)
The global virtual computer executes
the logic defined in the smart contracts
and processes the state changes
happening on the Ethereum network.
EVM

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Front-end
The front-end is the part the dApp users
can see and interact with, including the
graphical user interface(GUI). However,
the front-end also communicates with
the app logic defined in smart contracts.

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Benefits of dApps
Decentralized Applications (dApps) offer several benefits, including -
Decentralization Transparency
Reduced Costs Community
Governance
Increased
Efficiency
Security

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Decentralization
dApps are not controlled by any central authority,
which makes them decentralized. So, there is no
central point of failure, and the dApp can continue
to function even if one or more nodes fail.

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Transparency
Since dApps are built on a blockchain, all
transactions are transparent and publicly
visible. This makes it difficult for any single
party to manipulate the system without
being detected.

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Security
dApps are inherently secure for their decentralized
nature. They are resistant to hacking and other
types of cyber-attacks because the data is stored
across multiple nodes in the network, making it
virtually impossible for any single node to
compromise the entire system.

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Reduced Costs
dApps can reduce transaction costs significantly
by eliminating the need for intermediaries,
including banks, lawyers, and other third-party
service providers. It leads to faster and cheaper
transactions for users.

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Increased Efficiency
dApps can execute transactions faster than
traditional systems because they do not
require time-consuming verification processes
from intermediaries. It enhances efficiency and
productivity for businesses.

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Community Governance
dApps are often governed by a community of
stakeholders vested in the app's success. It
leads to better decision-making and equitable
distribution of rewards.
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15. Use Cases of dApps
There are dApps are every category, including finance, productivity, gaming, etc.
Two of the well-known uses of dApps are Compound Finance and Ethlance.
Other popular uses include -
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Supply Chain Identity Gaming Healthcare

16. Decentralized Applications (dApps) offer several benefits, including -
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Differences between Centralized
and Decentralized Apps
Feature Centralized App Decentralized App
Control
Controlled by a single
organization or authority
Controlled by a
network of users
Trust
Users must trust the central
authority to maintain data
integrity and security
Trust is distributed among
all users in the network
Data Storage
Data is stored on a centralized
server or data center
Data is distributed across
the network
Performance
Can handle large volumes of
data and users, but may
experience downtime
Can be slower and less scalable,
but more resistant to downtime

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What is the Future
of dApps?
Decentralized apps can disrupt various industries
and fundamentally change how we interact with
technology. They can give users better control over
their data and eliminate the need for intermediaries
in multiple industries.
But potential challenges also need to be addressed,
including scalability and interoperability between
different blockchain networks. Nevertheless,
decentralized apps are an exciting development in
technology and finance. And we can expect to see
more innovation and growth in this space shortly.

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Bottom Line
The landscape of dApps is evolving rapidly, making
Ethereum the platform of choice for Blockchain
developers. Its potential indicates that we can expect
to see exciting new functionalities and use cases for
blockchain technology shortly.
If you also want to take advantage of this emerging
technology, look no further than Capital Numbers.
With us, you can hire dApp developers and build an
app of your choice. Want to discuss your project?
Book A Call

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