A Guidance of Dapp

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INTRODUCTION TO dApps
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• A new and advanced breed of applications has
  entered the realm, known by the name
  Decentralized Applications (DApps). No one owns
  them, they cant be powered down, and there are
  no possible chances of downtime. The technology
  that keeps them running is the well-known
  Blockchain technology.

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Characteristics of DApp

• An application should follow a set of protocols
  in order to certify as a DApp.
• Open Source - The applications source code is
  open to everyone.
• Decentralization - Utilizes blockchain and
  cryptographic technology.
• Incentives - The application has crypto
  tokens/assets to fuel itself.
• Algorithm - Token generation and inbuilt
  consensus mechanism.

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How Does Dapp Work?

• To make a DApp function properly, youve to
  follow the aforementioned factors. To explain
  clearly, a dApp is an open-source program thats
  implemented on decentralized platforms and
  regulated using tokens generated using an
  algorithm.

• Since its an open-source application, it is
  evident that decentralized is embedded, because
  any participant can view and contribute to the
  code. It also fuels the scalability of a product
  in terms of quality and quantity.

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Proof-Of-Work and Proof-Of-Stake

• Proof-Of-Work (POW)
• calls for prospectors to extract blocks and
  receive rewards. To keep the blockchain secure,
  it is essential to mine blocks and add them to
  the chain its also an energy consumptive
  process.

• Proof-Of-Stake (POS) needs storing and staking of
  tokens in order to become a feasible masternode.
  This also aids in securing the blockchain and
  regulating the transaction processes.

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