If you are new to the concept of dApps and wondering how such apps differ from regular mobile applications, you have landed on the right page. This article introduces what decentralized applications are and explains how they differ from regular apps.
Table of Contents
- What are dApps?
- dApps Over Regular Apps
- Why Ethereum for dApps?
- Concluding Lines
What are dApps?
Decentralized applications, also known as dApps, are a new type of software application, or you can say they are digital applications that, instead of running on a single computer, run on a peer-to-peer blockchain network.
In other words, they are open-source application software that use smart contracts to run transactions on a peer-to-peer network. The best thing about these applications is that they are not owned by a central authority and cannot be shut down by anyone.
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dApps Over Regular Apps
There are some key differences between a dApp and an app. Let’s figure it out.
- Centralized Vs. Decentralized
The basic key difference between each of them is mainly because of the underlying principle of decentralization. Unlike traditional apps that are governed by centralized controlling authority, decentralized applications run on a peer-to-peer blockchain.
Decentralized Applications are trustable among users, and this is because users get control and ownership of their data and assets. But in terms of ease of use, regular apps are more user-friendly.
While developing a regular app, one has to take into consideration various factors such as the cost of cloud server fees, maintenance fees, and others. But in the case of dApps, Blockchain Developers need not worry about such factors as dApp cost includes development, deployment, and even upgrade.
Compared to the traditional applications, the speed of dApps are comparatively slow. According to Blockchain Developers, such apps can process only around 15 transactions per second. But as the dApp industry is booming and showing no sign of slowing down, it is clear that soon it will be able to scale up thousands of transactions in the years to come.
When it comes to security, Blockchain-based apps are more secured compared to regular mobile apps. Since these apps are decentralized, they are tamper-proof, and the records stored are unalterable. Here it is important to note that the wallet address of users and their interactions are stored when someone uses a dApp which can be seen by everyone. Still, they are secured. Also, they are immutable from hacking and other potential destructions.
As we all know, most of the regular apps are free, which means users need not pay any amount for using that app. But in the case of dApps, users have to pay a small fee every time they use a decentralized application. If you are wondering what determines the cost while using such apps, remember that the more complicated an app is, the higher the fee.
Why Ethereum for dApps?
Decentralized applications are generally powered by Ethereum Blockchain. In other words, we can say that Ethereum currently dominates dApp development, and there are several reasons for that.
The first and foremost reason is that Ethereum implements a development interface that reduces programming time and instantly launches projects.
Moreover, with the integration of development kits, application templates, and MetaMask, Ethereum Blockchain provides a developer-friendly experience that has proven efficient in attracting new projects and large communities.
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This has led us to the end of the discussion, and from the above discussion, it is clear that dApps outstands when compared to regular mobile apps in terms of transparency, reliability, flexibility, and scalability, and these factors are stimulating the global DApps Market.
If we look at the statistics, it was estimated that the market size of dApps was valued at USD 10.52 Billion in 2019 and is expected to reach USD 368.25 Billion by the year 2027 at a CAGR of 56.1%. The rising demand for fast transaction processes and the advantages of DApps in terms of transparency, reliability, flexibility, and scalability are spurring the global dApps market.
Since dapps are new innovative technologies, learning how to build dApps on Ethereum can bring tremendous career opportunities in the Blockchain space. If you are interested in learning how to build dApps from scratch, you can get enrolled in Blockchain Council and become a Certified Blockchain Developer.
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