Alright, that's the short definition, but there's a lot more to unpack. Let's dive into the world of Dapps (decentralized applications).
What is Ethereum?
To understand Dapps, you first need to understand what Ethereum is.
Ethereum is the most popular platform for developing decentralized applications. Ethereum is a network protocol that allows users to create and run smart contracts over a blockchain network. Ethereum is also the most mature of the three platforms mentioned here. it uses smart contracts to facilitate transactions. This means all transactions on the Ethereum network are secure and trustworthy.
Smart contracts are simply programs stored on a blockchain. It contains code that runs specific operations and interacts with other smart contracts, which have to be written by a developer. Bitcoin stores a number but Ethereum stores executable code.
Other popular platforms Dapps Development Company provides for the development of decentralized applications (DApps) include Ethereum EOS, NEO, Dether, etc.
What are the benefits of using DApps?
There are several benefits of using a DApp over a standard application. First, because there is no central point of control, no single entity can take down a DApp. This makes them censorship resistant. Second, because they are open source, anyone can audit the codebase to ensure there are no security vulnerabilities. Finally, because they run on a decentralized network, transactions cannot be tampered with or reversed.
