Author: stepheniepeterson

A structured, centralized structure that provides order and standardization for transactions has served as the basis of the financial sector and the entire business environment. Why would you want to alter a system that has been effective for decades, especially by introducing Decentralized app Development (Dapps)? And yet, this is precisely what is happening now, as the list of benefits associated with a decentralized model grows and new applications, such as Ethereum, emerge. A white paper on decentralized applications, also known as dapps, has outlined several reasons for building them, including their adaptability, transparency, and resilience. What are Dapps? According…

According to a recent report by Suffescom, 2021 may have been the most important year for decentralized applications (DApps). The number of wallets interacting with decentralized applications and the trading volume reached an all-time high. Games, non-financial transactions, and digital entertainment (considered the industry’s three primary categories) all exhibited an upward trend, and 2022 appears to be a good year for continued growth. Several product owners are looking to create their own, and it is frequently unclear whether a DApp is suitable for a given product. This blog post is to return to basics. We will discuss what a DApp…