DApps: The next big thing after Apps

The great thing about life is the fact that it is dynamic and the same goes for all the activities attached to it.

Human conception is viewed as a case study and until a person is born, their life is a dynamic metamorphosis.

You can say the same thing about the development of any product or service provided by a company or a team. The process will involve conceptualization, development, and production. 

The biggest software companies create countless numbers of applications (Apps), all of which are deployed on a wide variety of platforms for their consumers to use directly or indirectly from their mobile devices. Thereby making the mobile devices a hub for people to associate and relate using the apps built on such devices.

There are over 3.1 million applications on the Google play store and 2.1 million applications on the Apple store. Such applications come with a lot of flaws which may have the possibility of stealing sensitive data from the users and may have the capacity to limit the users access to their devices.

In recent years, however, the blockchain and cryptocurrency space has seen a significant increase in development and development which is completely amazing for their potential users. Before I proceed further, let's clarify what DApp means.

What is a DApp?

Decentralized applications (DApps) are digital applications or programs that exist and run on a blockchain or P2P network of computers instead of a single computer, and are outside the purview and control of a single authority. Some of the fundamental characteristics of DApps include but are not limited to:

  • DApps have their backend code running on a decentralized peer-to-peer network, as opposed to typical applications where the backend code is running on centralized servers. 

  • DApps are typically open-source, decentralized, incentivized through providing tokens to those who validate the DApp, and in compliance with a specific protocol agreed upon within the community.

  • DApps may run on top of distributed blockchains such as Ethereum, Bitcoin, Tron,  Cardano, Matic, Polygon and our own beautiful KleverChain (Klever Blockchain)

The uniqueness of the blockchain gives the DApps quality which are quite different from the general applications developed on the previous version of applications on the other 2 popular platforms as mentioned early in this article.

The DApps developer for example can create a social media-like DApp and put it on a blockchain where any user can publish messages. Once posted, no one including the app creator can delete or modify the messages. This validates the characteristics of the blockchain of tamper proof, immutability and trust worthy.

The DApps can also connect to crypto wallets to enable authentication of transactions which can be made seamlessly on the blockchain and validated for various purposes.

Some key developments in the DApps space include: 

  • Decentralized finances (De-Fi) which revolves around DApps that perform financial functions on blockchains, a technology that was invented for Bitcoin but has since caught on more attention in the global space on a daily basis. The use of De-Fi can enable an individual perform the following of Lend or borrow funds from others, Go long or short on a range of assets, Trade coins or earn interest in a savings-like account without a centralized intermediary

  • DApps explorer: All the DApps have a unique code that may only work on a specific platform. Not all DApps work on traditional browsers like Google Chrome or Microsoft Edge. Some of them only work on special websites with a customized code, adjusted to open certain DApps.

  • Gambling DApps: It is becoming increasingly a much sought after DApps as more people are engaging more on such platforms for gambling purposes. Knowing that it's indeed a lucrative business.

We at Klever are building daily with our developers seeking and testing new developed applications to serve our users needs and interests in the coming days. The best part of it all is that the DApps would all be developed on the brand new

KleverChain (Klever Blockchain) which would eventually become a home for everyone and make life simple. 

It is a Klever thing to do

James Enajite
Klever Writer

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