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What is a Decentralized Application (DApp)?

With the concept of decentralized giving more meaning to our lives day by day, many decentralized technologies continue to enter our lives. Decentralized Application, also known as DApps, is just one of the most heard and sought-after technologies of this trend.

When users, who relatively define the question of what is a decentralized application, see the term DApp, they are especially curious about what is a DApp and what it does.

In this content, we will try to convey all the details about Decentralized Applications (DApps) as well as questions such as what is a Decentralized Application and what is a DApp.

What is Decentralized Application?

Decentralized Application is the name given to applications created and used on blockchains according to blockchain technology.

Decentralized Application is more commonly known by the term DApp, which is derived from its English original name. In other words, if you encounter or ask the questions of what is a Decentralized Application or what is a DApp, the answer is Decentralized Application.

One of the most interesting features of blockchain technology, which we have heard a lot lately, is the potential to create and use a decentralized application (DApp). Although they resemble other applications due to their working principles, they can easily stand out from their counterparts because they use back-end technology in smart contract structures.

Decentralized Applications that can interact with smart contracts can be designed in any software language. These software codes; It is traded on a decentralized peer-to-peer platform, similar to how Ethereum works. As we can reach from this narrative; Records of activities on the platform are kept in blockchain technology.

In order to activate a web application we want, we need some things. These; front-end, back-end and of course a network. When we work on classical methods, we can get what we want and hope for from time to time. However, there are many problems brought about by these traditional practices.

If we want to run a traditional server in our own structure, we have to make a certain payment to the server providing the service. In addition, we cannot access our application and data in any way due to the server crash for any reason whatsoever. Another problem is that if the service provider wants to terminate our application now, it can do so easily. Based on these problems; We are inevitably dependent on a third party as a result of which it can be easily understood.

One of our other alternatives is the cloud structure called “cloud” and many popular companies have investments in this model. You can have as much storage space as you want in Cloud systems, but of course, you can do this for a certain payment. The cloud concept is more secure than other systems, but again, the cloud system service provider can pause or terminate our application at any time.

Decentralized Applications is the popular model that can be predicted for future processes and future periods. The biggest and most creative difference from its counterparts is that it is traded on a decentralized platform. DApps have come into existence as we have smart contracts thanks to back-end technology, and since they are generally built on a blockchain, these apps can store their information on-chain. Our data is shared across multiple nodes operating on a decentralized peer-to-peer platform.

The information stored in the blockchain is inviolable and access to our application is secure as long as the blockchain technology continues to operate.

There are multiple options for us to use the DApp structure. Of course, we have to pay with a certain amount of cryptocurrency to handle this structure. These payments; We do it for many activities such as loading data, performing various operations, creating.

This concept can generate money thanks to token mechanics, which means that there is a cryptocurrency, or token flow, in the virtual universe. There may be some services that the application promises and prepares the ground for, and this is the most critical step; Users must have a compelling reason to handle and trade DApp tokens. All DApp technology has an open source format. Of course, it is not a mandatory feature, but thanks to this application, the community’s trust in technology is at a high level.

The first and most popular platform for creating DApps is the Ethereum network. It enables the creation of smart contracts by bringing the Ethereum Virtual Machine (EVM) to life through its own software language, Solidity.

Of course, Ethereum is not a monopoly blockchain network that exists alone in this space. There are many alternatives that can be processed on behalf of this structure, especially Solana, Avalanche, EOS, Cardano and Tron.

Esat Demirtaş

Since the day Bitcoin first entered our lives, my path has always crossed with cryptocurrencies and blockchain technology, and now I have turned my focus here, and when I realized that this world is brand new but complex, I decided to convey my humble knowledge to people who want to explore this world through the Binansal website.