Web 3.0 dApps or decentralized applications are the digital applications or programs run on a decentralized, peer-to-peer Blockchain network. DApps are not under the control of a single entity, given that they run on a network of computers as opposed to a single computer or server. Web 2.0 traditional apps such as Facebook and Twitter have backend codes running on centralized servers. They are owned and operated by an organization, granting full authority over the app and its workings. Why dApps? dApps are open source codes meaning they are transparent. Anyone can look at the code, increasing trust in the application. DApps are censorship-resistant. They do not answer to any government, specific people, or regulatory authority, alleviating the possibility of blocking users from submitting data, deploying dApps, or accessing information from the blockchain unless the written code is intended. DApps have no downtime since they run on a blockchain. They are run by many computers worldwide, and it is impractical to switch them off simultaneously. dApps in Web3.0 1. Social Network dApps Social network dApps are social media platforms built on the blockchain. Decentralized social networks are advantageous due to their censorship-resistant nature and inclusion of reward incentives to boost the ecosystem. Censorship resistance reduces unauthorized access to users’ personal information, eliminates data muzzling, and makes users data us...
What Happened In Crypto This Week?
