We really need DApp?Really can't meet our fantasy App?

DApp is D+app, that is, decentralization application, that is, decentralized application.When we see the word DApp, the first reaction must be: Isn't the app delicious, why is there a DApp?

Today, let's discuss how DApps are different from the apps we currently recognize?

App and Dapp development process

The specific process of the app is as follows: first to develop, first to finance, and to recruit people for development and operation.

DApp is different. It is the product of combining traditional App and blockchain, similar to crowdfunding, sharing and decentralization.A white paper needs to be written by the initiator or organization, and the consensus mechanism and token distribution and incentives must be clarified.Here, those who hold tokens are shareholders, which are directly linked to the profits of DApps (it can also be said that users are shareholders). The tokens they hold can be bought and sold like stocks and traded on supported exchanges, soHolding the token of the DApp is equivalent to owning the owner's equity.

Here I use a very straightforward word to explain DAPP, that is: grab the APP we currently rely on IOS and Android systems to develop, throw it on the blockchain system, and combine with smart contracts, it becomes a DAPP.

Features of DAPP

1. Running on a distributed network, completely open source, autonomous, and no entity controls more than 51% of the application's Token.

2. It must be able to be upgraded according to user feedback and technical requirements, and the application upgrade must be carried out after the consensus of most users.

3. The data of the application is encrypted and stored on the public blockchain.

4. The application must have a Token mechanism (general-purpose tokens based on the same underlying blockchain platform or new tokens can be issued by itself), and miners or application maintenance nodes need to be rewarded with tokens;

5. The generation of application tokens must be based on a standard encryption algorithm, and valuable nodes can obtain application token rewards according to the algorithm.

Summary

DApp is favored by most people in the combination with the Internet of Things and the sharing economy. Any field with multi-party participation will make better use of blockchain technology for better development.

Although at present, the DAPP based on blockchain technology is still in the early stage of exploration, and there is no DAPP with large-scale practical application value.But it is undeniable that blockchain technology has brought us huge imagination space, and the development of DApp is already on the way.