22 April 2018

What is NEO dApps? – A brief introduction

NEO Dapps

Before digging Neo dapps we need to understand what dApp actually is?

DApps is defined as decentralized apps. If an app wants to be a part of dApp list, it should fulfill some set of rules. If it doesn’t meet that specific criterion we cannot call him a DApp. DApps are expected to have some specific features including:

⦁ Decentralized

No surprise to expect dApps to be Decentralized, which means app should not be stored on a central server, rather it is must be available on a globally distributed ledger. So being decentralized app, it uses a blockchain-like cryptographic technology. So, all operations and transactions are stored publicly.

⦁ OPEN SOURCE

As the term is well-known that code must be open source and available to the public. Which means that under certain rules no one can claim of being the owner and if anyone made any modification it must be published to the community. Open source projects are always considered as a contribution and continuous collaboration from all over the world.

⦁ Incentive

An incentivized feature should be a reward system, which urges people to contribute in return of crypto-tokens. DApps must have crypto tokens/coins for transactions by holding a value of itself.

⦁ Algorithm to generate a token

DApps has it’s built in consensus mechanism which generates token as a proof of work protocol. Each token is assigned for each transaction or task to be done and getting the consensus with blockchain.

Neo Dapps 1

NEO platform is providing a strong platform for enthusiastic tech experts for developing DApps on NEO blockchain. A large number of successful DApps are already published and more are shifted to NEO platform for their businesses.
Currently, a huge number of DApps are published on official website of ndapp.org including:

  •  NEX: Faster and complex trades
  • MoonLight: workforce and analytical project management
  • Red Pulse: Event driven-research
  •  AdEX: Ads control
  •  NeoAuth: Authentication
  • Zeepin: Promoting creativity
  • Qlink: Telecom services
  • Neo Smart IoT: IoT devices Control
  • iMusify: Music world
  • Cain Line: Couriers
  • Phantasma: Content Control
  • Neo Trade: Trading
  • Krypto: SIP registration

NEO is providing a huge platform while being open source to cover a numerous dimension of current and upcoming technology boost. It urges techies to put their effort according to tech-driven market and publish it across the globe to make a major difference in Decentralized app development community. If we take a closer look; DApps are offering benefits in a more sophisticated way than blockchain protocol. With the increasing number of DApps; it is expecting a great contribution where trust and third-party involvement gap is filled.

DApps impects in 2018 – Cryptocurrency platforms

Increasing number of DApps is surely a plus in tech community which has proven to be a game changer. A number of aspects are truly connected with it including:

Diversity:

A number of different apps are already ready to access on blockchain platform with impressive features and concrete goal. Almost every sector is contributing to this platform with their own unique and emerging product.

Data Control:

DApps have filled the gap between a service provider and user by giving full data control to users. Users can decide for themselves where and how their data can be used or shared, which has increased users trust to rely on event-driven features.

Security:

All DApps have cryptographic hashing protocol in their framework which promises high-end security for mutual interests and reliability of features and services.

A large number of apps are already published and running on blockchain platform since the start of 2018, but hopes are still high. It is expected to see a more higher number of DApps on most evolving NEO Ecosystem by the end of 2018.

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