Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Brazio on August 27, 2018, 06:37:35 PM
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We will start with a bit of etymology. Such as e-mail (electronic mail), for the case of electronic mail, DApps is an acronym that refers to the English term Descentralized applications, or, decentralized applications. So starting from that, we can define DApps as applications whose operation does not depend on a central system, but on all the members of the community.
However, this is to fall short of everything we can say about them. The Dapps are decentralized applications, open source, which works according to a protocol based on incentives for the members of it. So to be considered as such, they must meet these four requirements, which, as we shall see, are closely related to each other.
Open Source
In order to be considered as a Dapp, one of the main requirements is that it is programmed under a public source code, in order to guarantee that the data contained in it is available to all users of the same. In the same way, this will allow them to make modifications and improvements through a consensus mechanism, which we will discuss next.
As we have said, the world of cryptocurrencies and any change that you want to make in the network structure of one of them, must be previously approved by all the members of it.
Take for example, the blockchain. We know that this exercises the useful bookkeeping function in which all transactions of bitcoins that have been previously verified are recorded. To do this, the miners must solve a complex mathematical problem, with which a new register block can be added to the chain.
The entire Bitcoin community is aware of this, and once the process is completed, whoever has resolved it first will receive a reward. For those who wish to learn a little more, all this has been explained in great detail in our article Cryptocurrencies for Beginners: Mining, Mining and Hashes, what are they?
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Decentralized applications (dApps) are electronic applications or projects that exist and keep running on a blockchain or P2P system of PCs rather than a single PC, and are outside the domain and control of a solitary expert.