DApps are decentralized applications that run on decentralized networks which rest on the blockchain. Every DApp has self-executing code, known as smart contracts. These contracts define the functionality of the application.
DApps act as a bridge between the blockchain and end-user. Though there are many voices on what exactly a DApp should be, there are some key features which a DApp should have:
- Open source code that is managed autonomously
- All data us stored and recorded only in the blockchain
- The use of tokens to reward or incentivize users
- The application itself is run in a cryptographically secured protocol
There are several advantages DApps have over traditional apps.
Due to Dapps making use of the blockchain for data storage, there is generally a higher level of security. This makes them more immune to attacks than traditional apps.
Integration with Cryptocurrency
DApps are mostly made for end-users to interact with cryptocurrency in some sense. This includes micro-transaction, incentivized behavior, or other financial interactions
Traditional applications depend on centralized institutions (i.e. companies) to manage, update and secure the code behind applications. Because DApps are based on open-source code which is managed and updated using decentralized governance systems, they are less dependent on a single actor. This way, the future of decentralized applications is targeted towards the entire network’s interests rather than a company’s vested interest.
Historically, DApps have run on the Ethereum network. This has led to Ethereum becoming one of the most popular networks. However, in the last 12 months, several competing platforms have emerged:
Cardano is a decentralized public blockchain and cryptocurrency project and is fully open source. Cardano is developing a smart contract platform that seeks to deliver more advanced features than any protocol previously developed.
EOSIO is a software that introduces a blockchain architecture designed to enable vertical and horizontal scaling of decentralized applications (the “EOSIO Software”).
Morpheus Labs is a Blockchain-Platform-as-a-Service provider, specifically targeted towards business customers that want to quickly deploy and test decentralized Applications.
Zilliqa is a high-throughput public blockchain platform designed to scale to thousands of transactions per second.
Dapps can be interacted with using a number of apps, available on the Apple App Store or Google Play Store. The most popular of these are wallets such as Metamask.
Protecting Your Cryptocurrency on DApps
Cryptocurrency and the blockchain stand to be a major driving factor in the technology of the future. However this popularity has attracted an element of cybercrime. There are several tools internet users should use to increase their online protection. One of these tools is SaferNet.
SaferNet is the perfect solution to the cybersecurity issues that individuals, families, and businesses face today. It not only connects every device using a secure, 24/7 always on, military grade VPN, but it also stops outside cyberthreats, malware and viruses as well. On SaferNet, all users are protected anywhere in the world, all the time, on any cellular or Wi-Fi network. In addition to SaferNet’s VPN and cyber protection, it also offers a range of employee or parental/family internet controls including internet filtering, monitoring, scheduling, and blocking access to websites or even entire website categories
Typically, a user would need 3 separate services for a VPN, Malware Protection, and Internet Controls; SaferNet offers all 3 features in one service. SaferNet truly is an endpoint security presence that can be implemented in minutes around the world, on phones, laptops, tablets, and computers at an economical price point that caters to all internet users. SaferNet guarantees a smooth setup and installation process that takes only minutes, and an easily accessible control hub for you to monitor all your employee’s or family members devices; including activity, time spent online, and threats blocked.