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A Quick Guide To Dapps

What is a dApp?
Decentralized Applications are programs that run on a peer-to-peer Blockchain network. When built right, they can be used to power innovative ideas like games, social media, and financial infrastructure while keeping users’ data secure.
A few examples of existing decentralized apps are, Peepeth, a social network dApp similar to Twitter. We also have Cryptokitties, an NFT-based game. You can track the top dApps on Dapprader, a dApp store that lists decentralized applications on several blockchain networks.
Peepeth Website
Peepeth Website
How Does It Work?
DApps are powered by smart contracts that act as a logical thinking brain. Users who interact with dApps have to follow stipulated requirements that trigger these written smart contracts to process transactions on the specified peer-to-peer network while helping to store the entire transaction in an irrevocable public ledger. 
As such, a blockchain’s processing capability (TPS) can have a massive effect on the overall experience of users interacting with dApps built on it. Furthermore, there are significant differences between centralized and decentralized apps as the former is autonomous, whereas the latter has no central authority.
Are All dApps Safe?
Every day, tons of dApps are released and marketed, and it is your responsibility to conduct adequate research before interacting with any of them. Here are some ways to check if a DApp is safe to use:
Is it Open-source?: Open-source applications are freely accessible to the public. Thus, technical users in the ecosystem can review the codebase checking for malicious intent.
Is it truly decentralized?: dApps should have no single or hierarchical entity dominating them. You should therefore be careful when trusting highly centralized “dApps” with your assets,. 
Low-Downtime: A dApp’s public ledger should have an efficient network structure that would allow you to take quick corrective steps when things go sour.
On the other hand, you should avoid blockchain-based applications that:
  • Are not transparent. Avoid DApps that aren’t transparent and refuse to be audited by a trusted third party because they could be a hoax. 
  • Run Ponzi/pyramid-like schemes that promise unusually high returns. 
  • Have a history of frequent downtimes, security flaws, and poor developer experience.
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