With the development of Blockchain, a lot of projects called Dapps were born. So what is Dapp? What’s special about them? Let’s learn the characteristics of Dapp through the article below.
What is dapp?
Dapps (Decentralized Applications) are decentralized applications, built on a decentralized network that supports Smart Contracts (smart contract) and Frontend user interface. These applications will focus on solving problems in a certain area.
Since non-shutter applications are built directly on the Blockchain Platform so the nature of these decentralized applications will depend on those Blockchain Platforms. For example transaction speed, TPS (transactions per second), scalability, stability,…
The first Decentralized Application appeared on Ethereum on April 22, 2016.
Features of Dapp
Common characteristics of DApps are decentralization. Therefore, no one can control the user’s activities on these projects. Also, the trend of decentralized applications in Crypto is usually open sourcethe community can create other projects from the code of old decentralized applications.
Besides, in order to build decentralized applications, the platform That blockchain must have a Smart Contract. Contrary to popular belief that any Blockchain can create an ecosystem with hundreds of applications, only Blockchains that support Smart Contract can support this application.
An obvious example is Terra, before 2021, Terra is just a Blockchain for payments. But since Terra supported Smart Contracts at the end of 2020, the Terra ecosystem has exploded strongly in 2021.
The next feature is decentralized applications often share the same development stepsincluding ideation, whitepaper publication, token creation, token distribution,…
DApp classification
If divided by application, DApp can be classified by purpose of use such as: exchange, game, finance, gambling, …
If classified by Blockchain, DApp will be divided into 4 types:
- Type I will operate on their own blockchain. Eg: Bitcoin and Ethereum.
- Type II are protocols that operate on the blockchain of type I. These protocols themselves have the necessary tokens for their function.
- Type III are protocols that operate using the protocols of type II. Similar to type II, type III also has the necessary tokens for their function.
Application of DApp
DApp is born to solve a specific problem. Eg:
- To solve the problem of payment, we have payment applications like Kado in Terra.
- To solve the transaction problem, we have DEX exchanges like Uniswap, PancakeSwap,…
Some projects are about more “abstract” areas, like Oracle used to bring real-world data into Crypto, or infrastructure developers,…
Talking about practical applications, there are also some Dapps working in the medical field, or serving charity, such as Angel Protocol in Terra.
summary
Dapp is a big step in the development trend of Blockchain. With Smart Contract, users can create Dapps to serve their own needs, or furthermore, serve the community, thereby bringing in great profits. In general, the number of Dapps will be increasing in Crypto, based on its benefits.
Source: What is dapp? DApp characteristics, applications and classification (2022)
– TechtipsnReview
