Ever since blockchain technology has existed as an academic concept, experts have seen great potential in the technology.With the impact of Web 1.0 and Web 2.0 on the world's population, everything is still not perfect.In fact, user data in today's Web 2.0 systems is, in many cases, extremely vulnerable.Such information is stored in centralized servers, where hacking and data sales happen on a whim.Being in a centralized home base also empowers a few to suppress data that they believe could disrupt harmony.Additionally, the government has been able to shut down the websites and accounts of many people they deem suspicious or violate restrictions.

To solve all these problems, Web 3.0 (or decentralized web) is the ultimate solution powered by blockchain.Although the technology is still in its infancy, existing Web 3.0 decentralized applications have shown enough promise to show why the decentralization of the Internet could benefit the world.

What is a Web3.0 Decentralized Application?

Web3.0 DeFi (short for Decentralized Finance) Dapps (or Decentralized Applications) are applications hosted by the blockchain that allow users to perform lending, borrowing, staking, lending and saving, etc.financial operations.These platforms operate based on cryptocurrency tenders (cryptocurrency and stablecoins), and collateral can include non-fungible tokens (NFTs).Popular Web 3.0 DApps include Sushiswap, PancakeSwap, and MakerDAO.

These applications operate on the concept of decentralization, which makes it impossible for anyone to steal user data.However, all transactions on the network are visible without revealing the real identity of the user.All the information is spread across many devices, which means even a refrigerator can contain information on DeFi transactions if it is an IoT (Internet of Things) device.

Technology Behind Web3.0 DApps

• Decentralized application development obviously does not include centralized servers.So it's best to forget anything related to server and server storage protocols before reading further.

• Blockchain is an integral part of any DeFi platform development.While Ethereum is the popular network currently used by most DeFi Dapps, other networks such as Hyperledger Sawtooth, HyperLedger Fabric, EOS, and Polygon are also available.

• The front end of decentralized application development is written using programming languages ​​such as HTML, CSS, and JavaScript, which are widely used in existing Web 2.0 applications.

• Web 3.0 is part of DeFi Dapp, a JavaScript library that frontends the blockchain that hosts the application.Nodes help computers connect to the blockchain to run such applications, and there are even third-party node providers such as Infura.

• Smart contracts are an important part of decentralized finance Dapp development.These are lines of code written in Solidity that are automatically executed when the conditions provided to them are met.They also record transaction history, which makes them an attractive option for decentralized finance companies.

• Ethereum Virtual Machine (EVM) is the technology that executes smart contracts and updates information accordingly on the blockchain.Although based on Ethereum, it allows running smart contracts in various blockchains.

Web3.0 DeFi Dapp Development Advantages

• Due to the inherent nature of DeFi Dapps, the privacy of users is protected and the monopoly of a few powerful companies is prevented.Users now decide how their data is used, so unintentional advertising based on purchased datasets will never be possible.

• With the blockchain hosting these Dapps, security is never compromised as data is distributed to devices around the world, and attempts to steal information can end up in costly failures.

• Since no centralized servers are involved, all data generated by users belongs to themselves.If a company wants to get access to user data, it should pay the user up front, which ensures that everything happens with the user's consent.

• Interoperability is another important feature of DeFi Dapps, as users can access multiple apps from a single platform (much like super apps in the Web2.0 ecosystem), precluding switching appstime between.

• Because the blockchain is decentralized, no one needs to authorize people to use the platform.This enables anyone to create and access DeFi platforms regardless of gender, location, demographics and other social barriers.

How can Sisyphus help you here?

With DeFi Dapps, people can now have zero fraud, great customer experience, professional blockchain development experience provides you with some professional DeFi Dapp development solutions, while being customer-centric from the start.Sisyphus' expertise in blockchain ensures that your decentralized application will contain the most advanced technology.

All in Web3.0[metafeng_eth] Chain game/Dapp/NFT/digital collection SaaS e-commerce system development.