Mindblown: a blog about philosophy.
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What Is the Difference Between a Centralised and Decentralised App?
Like the name suggests, a centralised app is owned by a single company. The application software for such an app resides on one or more servers controlled by the company. All users interact with the app by downloading a copy of the app and then sending and receiving data back and forth from the company’s…
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What Are Ethereum dApps?
Ethereum: Localised Applications These are simply the decentralised applications that are powered and developed using the Ethereum platform. Ethereum dApps use smart contracts for their logic and are deployed on the Ethereum network and use the platform’s blockchain for data storage. Today, ethereum is the most common platform to deploy a dApp. Ethereum includes a…
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Disadvantages of dApps
The major disadvantage of dApss right now is that it is still in a pretty novice stage and thus, a lot of experimentation is needed to correctly exploit its potential and prevent any misuse. There are doubts regarding effective scalability, particularly in the event that an app requires significant computations and overloads a network, causing…
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Blockchain Decentralized Applications (DAPPS): Ethereum
Decentralised applications (dApps) are digital applications or programs that exist and run on a blockchain or a peer-to-peer network of computers instead of a single computer. DApps (also called “dapps”) are outside the control of a single authority and follow a decentralised decision making system. DApps are often built on the Ethereum platform—can be developed…
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Determining the Cost to Build a dApp on EOS
The cost of developing a dApp on EOS invariably depends on three main factors – resource Type, resource usage, and resource allocation. The types of resources an account consume among RAM, Network or CPU grossly influences the cost. Depending on the usage of a resource and its allocation the cost to build a dApp on…
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Features of EOS Blockchain
1. Scalability Scalability, which is basically the measure of the number of transactions executed per second, is quite a significant concern for most blockchain platforms, as blockchain transactions require each node in the network to come to a consensus for anything to pass through. This negatively impacts the user experience.For example, while Paypal manages 193…
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Economy of EOS
Unlike BItcoin, EOS does not rely on mining to get new coins. Here, block producers generate more blocks and are rewarded with EOS tokens in exchange. In fact, block producers can publish the desired amount for payment. To prevent misuse of the feature, the mechanism has a limit towards producer award tokens such that the annual hike…
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