Understanding decentralized applications
A DAPP fully termed as a decentralized application is a block-chain program that records and saves data in an untrustworthy format. It is independently runned and codes can be constantly developed and improved upon. As opposed to other software applications, DAPP customarily operates on a P2P network of computers. Owing to the birth of P2P networks, this application has since been on the block- chain software network. The autonomous nature of this online software application purely exempts control by a single entity or structure,
The Good story of DAPPs is that, they must not run on a block chain network. Take the case of Bit message (a traditional app) that operates on a P2P network and not on a block chain platform. DAPP equally prides of an endless number of operators on all sides of the market. This is unlike Bit coin that channels financial transactions from just A-B.
Despite the fact that, not far from now, Bit coin was taking a lead in anti-records and the wide use of this Bit coin trading of currencies in the currency markets still a bit in the distant future. Block chain is gaining more and more popularity as most international big banks, technological corporations and potential investors. In 2015, a combined investment in block chain had passed over $1 billion.
Although block chain application development is a new strategy, it is good as a base for the effective functioning of every crypto currency today. The block chain data base can be use everywhere. There are social networks and other helpful projects of different domains that have come into existence due to the existence of block chain technologies.
