What is DApps?

Imagine if the spare capacity of computers around the world can be utilized to serve business and people. The definition of Store of Value (SoV) has been redefined by Bitcoin and other cryptocurrencies, contributing to the future of applications in the form of Decentralized Applications (DApps).

Decentralized application (DApp) is an application on a P2P network of computers than a centralized server. DApp is developed on a blockchain that makes it safe and secure. The software program is designed on the Internet where consensus is the control rather than a single entity.

The total number of downloads of Apps in 2017 was 178.1 Billion and is expected to grow to 258.2 billion by 2022 with revenues touching $189 billion by 2020. The DApps focus on decentralized networks will cause a paradigm shift in the industry’s software models. The distributed, resilient, transparent, and incentivized applications will transform technology, especially the app industry.