As a matter of fact, we all have experienced how internet applications have impacted our lives. With just a few clicks or at the touch of a button we have the convenience to shop, sell, send, receive anything we wish to.
Popular apps like Facebook, WhatsApp, Twitter, Instagram in-fact majority of them fall within the class of Centralized Applications. These are referred to as centralized app as a result of the back-end server which holds information belongs to one single authority who own these apps and its data privately. However, with the convenience of centralized apps also comes the drawbacks and the price we pay for it, which are:
- Low Transparency
- Single point of failure
- Unable to deal with internet censorship
Thanks to a number of these issues, a new wave of Decentralized Applications known as dApps has come into existence.
Let’s understand more about dApps:
What are dApps?
On a precise note, dApp has no exact definition and can mean different sets of things to different people. However, to simplify the terminology it can be stated that Decentralized Apps (dApps) run on top of, and integrate with blockchain technology.
dApps run on decentralized P2P network whose code base is open source.
Thus, they on a network of peer-to-peer computers in place of a single computer.
According to David Johnston’s The General Theory Decentralized Applications White Paper, an application can be qualified to be dApp if it meets the following requirements:
- Application must be completely open-source
- Application’s data should be stored cryptographically and be publicly accessible
- dApps must generate tokens
- dApps must use cryptography tokens as an asset
The Choicest of Decentralized Apps To Have
We have curated a list of 12 really cool dApps that you would absolutely love to check:
Peepeth is like Twitter, but absolutely decentralized and token powered.
It is uncensored and runs ad-free. However, Peepeth is not free and costs ETH to power the network which runs using MetaMask.
Enso, all peeps are forever, and NO BOTS! And once you hit 100 Peeps, the platform is free to use.
Mastodon is a free open-sourced and decentralized microblogging platform.
According to Eugen Rochko, the creator of Mastodon, it is a social media network similar to Twitter. However, the main difference between is that it is a dApp.
Mastodon works on a federated platform, where federation is a collection of servers and websites. The websites themselves are autonomous but can easily interoperate with each other.
MetaMask is a Chrome extension that enables you to interact with the Ethereum network from within your browser. It permits you to use DApps easily and securely, and even allows you to sign blockchain transactions from the browser.
For user security, MetaMask additionally incorporates an Ethereum Phishing Detector which prevents users from accessing domains acknowledged to be created for phishing
Read more: 11 of the Best Ethereum Wallets to Thwart Hackers (2018 Edition)
MemesChain helps you own and monetize your most creative memes, using the power of blockchain and AI.
5. Public Market
Public Market is a blockchain-powered, commission-free e-commerce marketplace. It is an open, transparent and decentralized platform that is challenging the monopoly of the few companies who dominate the market at present.
Public Market uses an open architecture that offers convenience and charges no fees from the professional merchants.
Handshake is a dApp that immortalizes promises on the blockchain – as simple as creating a text. It is designed to put trust back into agreements and make the e-signature obsolete!
That includes IOUs, friendly bets, invoices, investment offers, casual memos and a lot of official pdf contracts – absolutely anything that you’d shake on in the real world.
Now, this technically makes promises permanent, abiding record, secured with military-grade fraud prevention.
0xcert is the first open protocol built to support the future of unique assets.
This means any unique asset owned by you, for example, your ID, university degree, artwork or even a house can be converted into a non-fungible token (NFTs) on the blockchain and be safely stored in your wallet.
It is an open-source project which is driven by the community and makes room for decentralized governance.
OpenBazaar is a P2P, decentralized marketplace which operates using Bitcoin and 50+ cryptocurrencies.
It basically cuts down the chain of middlemen, which means no fees and no restrictions. Just like that OpenBazaar provides everyone with online commerce the ability to buy and sell goods freely.
Read How OpenBazaar Can Empower You As A Seller.
SIA is the new era of cloud storage on the blockchain. Instead of all data centers being owned and operated by a single company, SIA opens the floodgates and allows anyone to make money by renting out their hard drive.
SIA splits apart and encrypts and distributes your files across a decentralized network. Since you hold the keys, you also own the data. No outside company can access or control your files, unlike traditional cloud storage providers.
Portion is the art world’s cross over into the new world of cryptocurrency.
It is a global network of decentralized artists and creators.
Portion’s smart contracts and blockchain technology make the art market into a free market. Some of the unique features of this dApp are:
- transparency into the secondary market
- private sales for galleries,
- tracking provenance/condition/etc. for collectors, and
- providing resale royalties for artists.
Afari is a decentralized social media platform that gives you more ownership, control, and privacy over data.
The app is currently in beta, but for future plans, it is working on a token network to help content creators of all audience sizes to monetize their content with ease.
NoteChain gives users the freedom to write private and public notes on Ethereum Blockchain without any restrictions.
Each note can be made public with a unique ID. The note can also be protected by a password which can be viewed only by the people you share with.
Do you agree with our favorite dApps list? Let us know in the comments below.