5 Reasons DApps Are the Future of App Development
5 Reasons DApps Are the Future of App Development
Cryptocurrencies, blockchain technologies, data economy, decentralisation of internet – these are all the terms we lately hear on the daily basis. This discussion went far beyond the development of new technologies and nowadays everybody wants to be part of it – lawyers, corporations, internet users, etc.
One of those terms we hear the most is DApps – peer to peer based, without central server and open source applications which can forever change the Internet but even more suprising – build the new economy!
What is a Hybrid App?
In data driven world, DApps can make a real change through enabling internet users to have a control over their own data and earn some money along.
Concept of DApps is yet to be developed and, at this moment, there is no precise definition of the term. Still, based on their common features, we know the following;
First and foremost – DApps are decentralized and the complete operation with app’s data and records must be stored on a public and decentralized blockchain in order to avoid any central points of failure.
Additionally, to act as a proof of value, certain app must agree on the standard cryptographic algorythm and generate tokens according to it.
Another common feature of DApps are tokens and incentives – the application must use a cryptographic token (bitcoin or another token which system uses) and blockchain validators should be rewarded in the application’s cryptographic tokens!
DApps are remapping the internet as we know it, and when we talk about their common features it is important to add that DApps have no central point of failure and that they’re open source, autonomously governed and should be available for scrutiny by its users.
Even though the Bitcoin could be named as a first DApp, more promising solution to problems of centralization and censorship came with introducing the Ethereum – an open-source, public, blockchain based platform featuring smart contract (scripting) functionality.
The Ethereum makes process of creating blockchain apps much easier and also more efficient than before. It enables the development of thousands of different applications on one platform, instead of building the completely original blockchain for each application.
Today we have a greater number of decentralized apps which are either using their own block chain or existing blockchains with their own tokens. There are few types of DApps – apps that manage money, apps where money is involved (but also requires another party), and apps which are in the ‘other’ category that includes systems for voting and governance.
Why do we need DApps?
Decentralized applications connect users and providers directly, without any mediating agent that can interfere with its operation and functions or manage the user’s data.
Now we know more about what DApps actually are, but there are still many questions such as what is so revolutionary about it and what’s in the DApps that makes the real difference we hear about on every corner of the internet.
So here we have a five reasons why DApps are the future of app development;
1. You can own your data! :
Today, web is very centralized which means that significant number of apps and websites we use have our data – all of our texts, images and videos, basically everything that we ever posted online. Dapps means you can gain and maintain ownership of your own data, instead of corporations owning it and making profit of it. In the new data economy, data is the most valuable asset. With the help of new decentralized apps you can contribute to data economy and earn money just be being on the Internet.
2. Increased data reliability and security :
Decentralized applications are well protected from fraudulent activities and hacking attacks as there is secured cryptography and, as already mentioned, absence of central point of failure . In centralized web, all data is stored on a central server. If it gets shut down, it takes your data away as well! This is a somewhat a way to ‘a permanent web’ where your data is secured and where you could choose to store the data yourself or have it replicated across many different clients as many times as you want it.
3. Nobody can block it or shut it down :
In centralized web, authorities and governments can shut websites for a bunch of reasons. Examples of this we can find everywhere, as many of you probably heard how Facebook was banned in China, Wikipedia in Turkey or in case of Egypt in 2011 – entire country was shut down from Internet access. Decentralized apps can never be shut down and people would be able to communicate with each other offline as well.
4. Faster data transfer :
Without requesting it from the server that can be halfway across the world, in decentralized web you can just look for the nearest copy and your computer can retrieve it directly from there. For example, if multiple people have it on their computer, you can request it for all of them at the same time – the more peers, the faster your download will be. This could make a big change as you could load that video or download a game 10 times faster than now.
5. Enormous change making potential :
Successful decentralized apps can change the internet as we know it. Due to their flexibility, transparency, resiliency and incentivisation approach, decentralized apps have a huge potential to change the internet as we know it, especially when we are talking about taking control over our own data which is now owned by world’s largest software corporations.
Decentralized apps coins or tokens are very valuable as they can replace unreliable centralized systems based on consensus and because they have the power to disrupt a number of industries in today’s economy.
Also, many corporations, governments and many not-for-profit organizations are looking or investing in blockchain technology, mostly because this is the best way to remove third parties, brokers, eliminate the fees and save time and other resources in the process.