Future will be full of Dapps - Scala blockchain

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Future will be full of Dapps? ?Scala blockchain
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The birth of decentralized applications

• A decentralized application is the one which
  runs by getting data from the network of
  computers instead of a single data server. So
  that the single point of failure is avoided.
• If the computer data is not available, the
  application gets the data it wants from any other
  node of the network. Dapps are blockchain enabled
  applications or websites.

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Here are some of the noticeable common features
of Dapps
Decentralized All records of the applications
operation has to be stored on a public and
decentralized blockchain to avoid the pitfalls of
centralization. Open source It should be
governed by the autonomy and all the changes must
be decided by the consensus or a majority of its
users. This code base should be available for
scrutiny.
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• Protocol
• The application community must agree on a
  cryptographic algorithm to show proof of value.
• For example, bitcoin uses proof of work and
  ethereum is currently using proof of work with
  plans for a hybrid PoW/PoS (Proof of Stake) in
  the future.
• If we adhere to the above definition, the first
  Dapp was in fact bitcoin itself.
• Bitcoin is an implemented blockchain solution
  which arose from problems revolving around
  centralization and censorship.
• Bitcoin is a self sustaining public ledger
  which allows efficient transactions without
  intermediaries and centralized authorities.

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Cryptocurrencies and bitcoin are based on a
technology called blockchain. Blockchain is
basically a continuous growing list of blocks
which contains data that is distributed among a
network of computers. It directs peer to peer
connection without the involvement of any central
authority or middleman.
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Lets see what is smart contract along with an
example
A smart contract is a piece of computer program
which runs if certain conditions are met. For
instance In a football match, you bet 10 that
the Team A would win and your friend bets on
Team B. Both can place a bets by writing a
smart contract.
Just imagine the same scenario without smart
contract Both give 10 to a third person and
he will decide whom to give it when any one of
the team wins. In this situation, there is a
possibility that he might run away with your
money.
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•   You and your friend trust each other and when
  the match is over with a winning side, the losing
  one should pay the winner 10. But it is still
  not easy.
• You both can write the legal contracts for this
  transaction since the process is convoluted and
  this is not the absolute choice because the
  amount involved in this transaction is very
  little.
• It has a perfect solution for this problem. By
  using the smart contracts, we can write the set
  of conditions that send the winner the payout
  automatically without the need of anyone. You and
  your friend just need to keep 10 in your
  respective wallets.

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• Smart contract is more than that and ethereum
  is specifically created to write the smart
  contracts for the usage in decentralized
  applications.
• The web was intended to be a decentralized
  platform but it no longer is. Tech giants store
  and process the user data in a centralized data
  centers.
• The major issue with centralized data centres
  is, the users data can be misused easily since
  it is controlled by a central agency.
• People are really concerned about the privacy
  and they need a decentralized ecosystem. With the
  growing interests and usage in decentralized
  apps, it should not be ignored.

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A Decentralized Dapps Future Awaits

• The inevitable onslaught of blockchain adoption
  render numerous practices obsolete.
• It may be a bold and distinct conjecture where
  the services such as banking will be made
  redundant as the world learns to operate and
  finance itself by self sustaining, trust less and
  decentralized networks.
• There are corporations which are hurrying to
  secure the place in the blockchain movement is
  only a testament to that.

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• With a leap of faith, blockchain is the next
  step forward and toward a world unified by shared
  data.
• Scalablockchain is a blockchain development
  company which specializes in developing Dapps for
  business as well as consultation.