In general, when users download the application they will just click the ‘Download’ button, wait for the download process to finish and click the ‘I Agree’ button on the terms and conditions that apply. without realizing it, users agree to share personal data in the form of location or telephone contacts with companies whose origins are not even known. But what if there are other options where we can use the application but our personal data is still maintained? the answer is DApps or commonly known as Decentralized Application. This DApps is a new type of application that uses blockchain technology as its base.
DApps (Decentralized Applications) is a type of application that is currently being discussed, where this application is not owned by anyone, cannot be turned off, and the system cannot be down.
Sounds crazy, right?
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What are DApps ?
dApps is an application that is peer to peer, does not have a middleman / intermediary so that users can conduct peer to peer (P2P) transactions directly between them.
and then how does DApps Work ?
DAppss work by implementing the four criteria.
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Open Source
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Desentralized
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Incentivized
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Algorithm / Protocol
This means that DApps is an open-source software platform implemented on a decentralized Blockchain system, and runs using tokens generated using an algorithm / protocol.
Advantages of the DApps
DApps are server-side applications that have no bugs, they are more resistant to attacks than applications that rely on only one server. DApps will only be completely destroyed if every computer connected to the network is attacked and damaged which is very unlikely to happen.
Another advantage of DApps is that they are almost immune to changes / modifications. Once you enter information into the blockchain, the information is stored permanently.
How to find which dApps are safe and reliable ?
Lately there have been so many tempting offers, which might make you tempted. But to start, it would be good to consider carefully, and also what strategies you will use in the future. And how you want to maximize these returns.
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Check project on internet before you invest in it. So before you try a new dApps, Dig deeper information about the company, what has been done so far.
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Turn on the community for help, What others have experienced will remind you of the potential risks.
Only by doing the above, you can get ideas and pictures of what to avoid in order to avoid fraud.
#WisdomOfTheCrowd