How decentralized approach matters for blockchain?

by Gallactic Technology Gallactic Technology

In the recent past, the concept of decentralized applications began spreading. Such applications enable smoother, quicker operations and are free from centralization.It’s only the one advantage of building and owing decentralized app but there are many more to avail.

Overview on Decentralized Apps

Being open source, Dapps helps to improve scalability. These apps are all about building and deploying highly scalable apps. As they are decentralized, it indicates that the code on which they are built can be accessed, copied or modified by anyone. Actually, a decentralized app’s backend code is stored over a blockchain which makes the accessibility process streamlined.

Importance of decentralized approach

When we say, the app is decentralized. It means that the code of such an app is stored over a blockchain. And it can easily be distributed between different computers. There will never be a more powerful and centralized body to govern app’s code. On top of that, adopting decentralized approach also reduces down the chances of app getting compromised.

Decentralized app and token defining value

Remember, a decentralized app always run on tokens which are available in the form of cryptocurrency. The usage of token-cum-cryptocurrency within the app is remarkable. The app generates the tokens and will be fueled by paying all the network participants. Participants will be incentivized in terms of tokens only for their involvement. The token will be sold and brought during the app’s token sale and on some listed crypto exchanges later on. These tokens act as proof of value that network members bring to the app’s ecosystem.

In a nutshell, decentralized approach and apps helps in developing blockchain architecture supporting open source development.

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