A type of software that does not have any center and works independently of any institution or person is called decentralized application (DApp). Decentralized software can run on blockchain or peer to peer (P2P) networks.
The purpose of developing self-operating DApp systems without anyone’s control is to reduce the impact of third party persons or institutions on transactions. Unlike traditional applications, these softwares establish a bridge between the user and the provider without having an intermediary.
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Advantages of decentralized apps
Blockchain-based DApp solutions that are not managed by a specific authority and are not decentralized provide protection against censorship. Transactions are unlikely to be interrupted. Even if some of those who consider processing power to the network experience technical problems, transactions can be continued through other providers.
Decentralized applications built on blockchain directly support cryptocurrencies. Since every connected user supports the network, there is no additional charge for transactions.
Thanks to their open source structures, developers can implement more efficient applications by getting support and help from each other. Moreover, they are more resistant to cyberattacks than server-based traditional centralized applications. The DApp ecosystem has the potential to improve both payment and authentication processes.
The fact that their code is open source and that transactions are recorded in a way that can be seen by everyone creates trust. Since all data is encrypted to ensure the security of the network, although the accuracy of transactions in decentralized applications can be checked, sensitive information within them can still be safely stored.
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Cons of decentralized apps
Although the open source nature of DApp projects is advantageous, there are downsides. Malicious people can attack by exploiting the weak spots they see in publicly accessible codes.
On the other hand, projects with low user count become insecure because the power of DApp networks comes from their users. The more users connected to the network, the higher the security of the network.
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