What are dApps?
dApps (Decentralized Applications) are programs that run on the internet, but not on a single company’s computers.
No one company controls the program or its information.
How do dApps work?
dApps use special contracts that execute automatically when certain conditions are met.
The contract does its job without needing someone to tell it to.
Examples of dApps:
- Social Media
Programs that reward users for creating content.
2. Gaming
Programs that let players own game items and trade them.
3. Finance
Programs that offer loans and trades without middlemen.
Good things about dApps:
1. No one can stop them
dApps can’t be shut down by governments or companies.
2. They’re safe
dApps are more secure because they’re built on a strong foundation.
3. Everything is public
All transactions on dApps are recorded for everyone to see.
4. They work alone
dApps operate independently, without needing intermediaries.
Challenges of dApps:
1. They’re still growing
dApps are still in their early stages.
2. They can be hard to use
dApps often require more effort to understand.
3. Rules are unclear
dApps operate in a gray area when it comes to rules.
dApps is an exciting part of Web3,
They have some good things and some not-so-good things. But, they’re interesting and worth learning more about.
