Business Benefits Of DApp Development

Posted by davidharper on September 14th, 2020

What Are DApps?

Decentralized Applications(DApps) are computer apps that run on the distributed system built on powerful blockchain technology. In simple words, it can be explained as Dapps are nothing but applications that leverage blockchain technology and operate from a secure and reliable network rather than on a server system owned or controlled by one central power.

DApp Development

Dapps has great potential to bring many things to reality in the very near future. More than any benefit, the Major advantage of Dapps is that they are decentralized. All software product business owners have gone through major issues such as security breaches, website downtime, and other failures and bugs. Dapps have the ability to solve many of those problems.

Benefits of Dapps:

1. Open-source
2. Decentralized Consensus
3. Users can retain control of their data
4. Can Use cryptocurrency as payment
5. Secure P2P Payments
6. Maintaining Privacy
7. Removes transaction fees
8. Prevents Single Point Failure

Dapps will continue to grow exponentially in the future. There are now over 3000 Dapps built on Ethereum, the leading Blockchain-Based Dapps platform.

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