Chapter 1 - Essence of Blockchain Chapter 2 - Yes you can build apps on blockchain Chapter 3 - Smart Contracts Chapter 4 - Decentralized Apps
8/12/2021Intro Decentralized applications or dApps are the way forward. They're the applications that will unlock the next wave of innovation. Developers will utilize the infrastructure laid out by blockchain and build solution that weren't even possible a few years ago. In this chapter, let's understand what a dApp is and how it's built. Study time To understand dApps, you'll first need to take a look at how centralized applications are built. Almost all the applications you use are centralized. Like Facebook, Google, Instagram, etc. In a centralized app, the data is controlled and centrally stored by the company. You basically have no rights over the data and you have to trust the company to maintain your privacy.
2/13/2021Intro In the previous chapter, we understood how Blockchain can solve the problems in the current financial system. And also, how that's only the first problem that blockchain solves, there's much more to explore and innovate in the future - even Cryptobots running on top of a blockchain network 😝! Study time Blockchain is a network, similar to how the railway system is a network. The Railway system runs on top of the protocol called railway tracks. A protocol is simply the underlying set of rules or technology over which its applications work, like the internet is built on top of the protocol TCP/IP.
2/13/2021Intro Blockchain has the potential to change the world as we know it - in the next few chapters we'll find out why and how. Study time In your life, you interact with money daily and the bank keeps track of your balance for you. It is your money, but it's tracked and handled by a third party, the bank. You put trust into the bank that they'll not misuse your money. What if one day a bank decides to betray your trust and uses up your money to save itself from bankruptcy? (this has happened, over and over again.) This can not be the case for Cryptocurrency, because YOU own and control your money when it's on the blockchain.
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