Blockchain and Decentralized Applications : TechMoran
This is a very short introduction on how decentralized Apps aka “dApps” work and how they differ from regular Apps. The original and more detailed blogpost about this can be found on the website of the blockchain and web3 studio “blokk – beyond the chains.”
Blockchain transforms the way we perceive trust and security
Blockchain technology is transforming the way we perceive trust and security in the digital world. Decentralized applications, or DApps, built on top of blockchain networks offer a new level of transparency and immutability, enabling new business models and disrupting traditional industries.
No need for Intermediaries
By design, blockchains are distributed ledgers that enable secure and transparent transactions without the need for intermediaries. This means that information stored on a blockchain is immutable, tamper-proof and can be accessed by anyone with a copy of the network.
Decentralized Applications (dApps)
DApps are built on top of blockchain networks, leveraging their unique properties to enable new functionalities and use cases. They run autonomously and can execute code without the need for intermediaries or central authorities, which opens up new possibilities for innovation and collaboration.
Potential use cases of Blockchain and dApps
The potential of blockchain and DApps is vast, with applications ranging from finance and insurance to supply chain management and voting systems. As the technology continues to evolve, we can expect to see new use cases and innovations emerge that will shape the future of our digital economy.
In summary, blockchain and DApps offer a new paradigm for trust and security in the digital world, enabling new business models and disrupting traditional industries. As technology continues to evolve, we can expect to see new and exciting applications emerge that will transform the way we live, work and interact with each other.
NSSF gets new Managing trustee – Weekly Citizen
Germany enters recession after economy contracts in first quarter
Richard Turere named as a finalist for the Young Inventors Prize for his solar-powered lights
Finance Bill to kill local industries, lobby warns
KCB Group Q1 2023 Profit Soars to KES 9.8 Billion: A Detailed Look
Muthama wants clergy to back efforts to scrutinize religious organizations
Ababu: Kenya’s Paris Olympic athletes to train in Cuba
Good Phone on a Budget
Kenya Small Firm Diaries research reveals growth and stability as key priorities for small businesses in Kenya
Zimbabwe aims to become Africa’s carbon credit trading hub
Njoroge calls out Thugge’s idea of local dollar bond
Tunisia stops 26 illegal EU crossings
Do Europe airports, airlines mistreat Africans; use old, rickety planes on African routes?
Water companies reject directive to transfer assets
Wrong to decriminalise procurement offences
We should normalise menstruation | Nation
Put the national interest above partisan pursuits
Kenya has positioned itself as trade and investment hub
Housing levy will address indignity of slum life: Ruto
Biden Trips, Tumbles On Air Force Stage
Trending Videos6 days ago
KTB plans to increase arrivals from Middle East
Sports7 days ago
FIFA U20 World Cup : Gambia shock France in important win, qualify for last 16
Business News6 days ago
Dr. Joseph Kinyua elected new Chairman of KCB Group PLC
General News6 days ago
Ex-Gov’t official arrested for allegedly forging 4 academic certificates to get job
Tech6 days ago
Stakeholders hold meeting to discuss Nairobi City Climate Action Plan
Business News4 days ago
A goat to victim’s family, defilement case settled!
General News4 days ago
Over arraignment of ex-Mungiki leader Maina Njenga, anti-riot police blocked roads leading to Nakuru Law Court
Trending Videos7 days ago
Government to double school meals budget