The world has now entered into the mainstream of cryptocurrencies. Various cryptocurrencies such as Ethereum, Bitcoin, Litecoin etc. created a separate ecosystem. With the help of cryptocurrencies, numerous entrepreneurs are inspired by crypto startups, with several unique functions and developments. First generation people were developed by usage of technologies in their day to day life at their fingertips. They have acquired different ways of possible ideas and thinking. A wide range of people is now using technology to simple things such as getting a taxi, food ordering, or to find a job etc.
What is dApp?
dApps are the decentralized application, in which the Blockchain is infused with the apps. dApp can be categorized into two types,
Fully anonymous dApps,
Reputation-based dApps
With the use of fully anonymous dApps, the user can be able to remain anonymous and exchanges can take place instantly and automatically the same as the peer to peer transfer. Reputation-based dApps has an environment where each and every node is tracked and maintaining its status from inside the app. Trust is the main key element in these dApps.
As the market is extending to a wide boundary, this decentralized Blockchain app can be very useful with its smart applications.
Various app agencies are there to provide different kinds dApp services.
Applications in e-commerce
Cryptocurrency is a digital currency, but it is using the Blockchain technology as a medium. With the use of these cryptocurrencies, a new way of the decentralized financial system can be created, where the central banking will have no power at all, and every transaction will take place through the peer to peer network only. dApp will be sustained only when decentralized marketplaces are alive. This is the main thing to exist for the dApps and ethereum based networks.
Districtox is one of the networks of decentralized marketplaces where it is classified into districts, in which each district is a separate marketplace and community. These districts are powered by d0xINFRA framework, which is a stack of Ethereum smart contracts and also from front-end libraries on IPFS. It uses Ethereum as the main currency. These districts range from job boards to meme factory. It requires user rep, search options, postings and listings, and payment options also, which can make them as a full-fledged marketplace.
Decentralized marketplace provides unique benefits than the normal by the means of security and freedom through peer to peer network, which doesn’t have any centralized authority to control over it. It can increase the ability to trade the cryptocurrency for all the goods and services. By using this method of transactions throughout all the networks, there will be no need of other third-party vendors like PayPal and so that all the payments can be made directly in a secure way. Every account is tied to the crypto keys so that the individual will be no longer so dependent on the account holders to hold or transfer the money. This way can lead to a streamlined marketplace, which needs less effort on the user end, but at the same time, in a more secure way than the present.
Social media evolution
At present, social media is absolutely the mainstream communication. Through the messaging apps only, the majority of conversations and transferring the information are happening in the day to day operations. With the rise of Blockchain based alternatives, apps are providing a new way of social media communication services.
Some of the examples are EtherTweet. The main difference between the original Twitter and EtherTweet is the decentralized system of working. This dApp enable all the users to post their own tweet messages of certain characters. After the publishing of the message, the one who can take it down is the publisher. EtherTweet can never remove the published post. The user account can receive the Ether donations as the incentives for top users to continue the platform usage.
By this way of decentralized working, many misconceptions can be avoided as the social media platform turns out to be an open source. Cryptocurrencies can be easily exchanged and the social media companies give a whole freedom to the users in the future.
Statis.lm
It is an open source platform which is a marketplace for the dApps. Anyone can easily list their dApp and any user can get it from the store. This platform works as the messenger dAkpp which allows the users to send messages in a secure way. It also enables users to make payments and share contracts through encrypted messages.
dApp development has high potential in the environment where different cryptocurrencies are available. This development can’t completely replace the traditional apps, but it has higher chances for usability in the highly secured platform usages in the future.
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