Difference between revisions of "DApps"

Revision as of 21:53, 16 March 2018

Decentralized applications use blockchain technology to connect users and providers directly without the use of a middleman. Some criteria for DApps are:

1. Open-sourced - The source codes are available to the public. 2. Decentralized - Everything is stored in a public ledger. 3. Agreed upon cryptographic algorithm - Utilizing Proof-of-Work (PoW) or Proof-of-Stake (PoS) to show proof of value. 4. Incentivized- Having a reward for blockchain-validating users.

DApp Platforms

Ethereum

Current leader when it comes to DApps. Top applications include:

• Crypto Kitties Platform for trading, breeding and collecting crypto kitties
• Basic Attention Token For online advertising
• Ethlance Platform for hiring freelancers or working for Ether cryptocurrency
• Etherisc For decentralized insurance

Rising Platforms

• Cardano
• NEO
• QTUM