Have you recently heard more about the term dApp?
Want to learn about one of the central components of Web 3 that can earn you millions of bucks?
Let's learn about dApps and how you can get started!
A thread. ↓
Want to learn about one of the central components of Web 3 that can earn you millions of bucks?
Let's learn about dApps and how you can get started!
A thread. ↓
1. The internet today
Nearly all websites you visit every day are a perfect model of how the internet works today.
Someone creates a service (a website, e.g.), hosts it somewhere, and has it under complete control.
Nearly all websites you visit every day are a perfect model of how the internet works today.
Someone creates a service (a website, e.g.), hosts it somewhere, and has it under complete control.
If you own an app, you decide what happens. You store the data. You can often decide what you do with it.
And most importantly: You can prevent certain users from participating if you don't feel like they deserve to be around.
And most importantly: You can prevent certain users from participating if you don't feel like they deserve to be around.
A client is distributed by hardware under your control and talks to software you built on servers you control.
This is a centralized architecture, and it works well.
Everything is controlled by one entity that manages the service.
This is a centralized architecture, and it works well.
Everything is controlled by one entity that manages the service.
2. Enter dApps
dApp is short for decentralized application.
Those applications basically live on a blockchain.
They have no dedicated backend other than the blockchain.
Their APIs are composed of smart contracts executed by blockchain nodes.
dApp is short for decentralized application.
Those applications basically live on a blockchain.
They have no dedicated backend other than the blockchain.
Their APIs are composed of smart contracts executed by blockchain nodes.
Their frontends are often distributed through decentralized systems, although many dApps are still distributed through traditional channels like web hosters.
All data of a dApp is stored on a blockchain and is thus distributed.
No one has complete control over it.
All data of a dApp is stored on a blockchain and is thus distributed.
No one has complete control over it.
A dApp exists of two components (like traditional apps):
1. A backend (smart contracts deployed to a blockchain)
2. A frontend (hosted somewhere, downloaded by you, executed in your browser)
1. A backend (smart contracts deployed to a blockchain)
2. A frontend (hosted somewhere, downloaded by you, executed in your browser)
To create more trust among its users, dApps are often fully open source.
If both source code and development are transparent, people can always see what exactly happens because there are no curtains.
This is, however, not a requirement for any dApp.
If both source code and development are transparent, people can always see what exactly happens because there are no curtains.
This is, however, not a requirement for any dApp.
3. The goals of dApps
The goal of a dApp is to build a community-powered application that users can trust.
No central entity should control the app, its users, and the data behind it.
The goal of a dApp is to build a community-powered application that users can trust.
No central entity should control the app, its users, and the data behind it.
Everything is publicly available, and everyone can transparently check what exactly is going on in the dApp at any time.
This helps with detecting potential frauds or misbehavior.
This helps with detecting potential frauds or misbehavior.
A dApp can leverage the computing power of a whole blockchain network.
The more miners or validators there are, the more computing power to execute smart contract logic.
This helps scalability as long as the blockchain scales.
The more miners or validators there are, the more computing power to execute smart contract logic.
This helps scalability as long as the blockchain scales.
Thanks to being based on a blockchain, a dApp can leverage cryptocurrencies for payments.
Especially users coming from heavily sanctioned countries or with questionable state authorities can still participate.
Especially users coming from heavily sanctioned countries or with questionable state authorities can still participate.
4. Nuances of dApps
A full dApp is achievable but sometimes not possible.
This is why there are nuances of dApps.
Some dApps still employ a traditional backend and only partially use blockchain technology.
You could, however, argue that those are no real dApps.
A full dApp is achievable but sometimes not possible.
This is why there are nuances of dApps.
Some dApps still employ a traditional backend and only partially use blockchain technology.
You could, however, argue that those are no real dApps.
Some dApps only consist of a frontend and leverage existing smart contracts to create something entirely new.
They don't rely on their own smart contract logic and orchestrate existing functionality into something completely new.
They don't rely on their own smart contract logic and orchestrate existing functionality into something completely new.
5. How to get started
You can start with very little and work your way up slowly.
Get to know a few of the more popular client libraries you will need to interface with blockchains at all.
1. Web3.js
2. ethers.js
You can start with very little and work your way up slowly.
Get to know a few of the more popular client libraries you will need to interface with blockchains at all.
1. Web3.js
2. ethers.js
Then integrate MetaMask into your frontend, for example.
It's a browser extension that gives you a fully-fledged web wallet.
It's used to:
- Authenticate users
- Sign transactions
- Keep track of crypto and more
metamask.io
It's a browser extension that gives you a fully-fledged web wallet.
It's used to:
- Authenticate users
- Sign transactions
- Keep track of crypto and more
metamask.io
Build a site where people can view their coins, for example, and perhaps add charts to see how much they are currently worth in fiat.
Then slowly work your way up until you implement your own smart contracts, with Solidity, e.g.
soliditylang.org
Then slowly work your way up until you implement your own smart contracts, with Solidity, e.g.
soliditylang.org
You can even stop right before smart contracts.
You don't need to implement smart contracts to get into Web3. It's perfectly fine to stay the frontend hero you already are.
You can always find a partner that is more interested in the backend part.
You don't need to implement smart contracts to get into Web3. It's perfectly fine to stay the frontend hero you already are.
You can always find a partner that is more interested in the backend part.
The choice is up to you.
The options, however, are limitless.
We have yet to fully discover what awesome things we can build on blockchains and as dApps.
The options, however, are limitless.
We have yet to fully discover what awesome things we can build on blockchains and as dApps.
6. Some examples of dApps
To give you an even better idea of what a dApp actually is, you can look at the following examples.
To give you an even better idea of what a dApp actually is, you can look at the following examples.
-> Pancake Swap
Pancake Swap is an excellent example of a DeFi dApp.
It's an automated market maker that allows users to exchange cryptocurrencies and participate in yield farms.
pancakeswap.finance
Pancake Swap is an excellent example of a DeFi dApp.
It's an automated market maker that allows users to exchange cryptocurrencies and participate in yield farms.
pancakeswap.finance
-> Upland
Upland is an exciting example of a decentralized game.
It's a game where you buy, sell, and trade virtual properties mapped to real-world addresses.
upland.me
Upland is an exciting example of a decentralized game.
It's a game where you buy, sell, and trade virtual properties mapped to real-world addresses.
upland.me
-> Yup
Yup is something like a decentralized social network where you can rate anything on the internet and get paid for the accuracy of your ratings.
Basically, you are providing a service for everyone else.
yup.io
Yup is something like a decentralized social network where you can rate anything on the internet and get paid for the accuracy of your ratings.
Basically, you are providing a service for everyone else.
yup.io
-> NBA Top Shots
If you haven't heard about it yet, it's about time.
NBA Top Shots is an NFT platform where you can buy valuable moments of the current NBA season.
Trading cards, digitalized and modernized.
nbatopshot.com
If you haven't heard about it yet, it's about time.
NBA Top Shots is an NFT platform where you can buy valuable moments of the current NBA season.
Trading cards, digitalized and modernized.
nbatopshot.com
7. Thread end
That's it for this thread.
I hope you found something useful for you in it.
If you enjoyed reading this thread, consider dropping a like, retweet the first tweet, and follow me (@oliverjumpertz) for more content like this.
That's it for this thread.
I hope you found something useful for you in it.
If you enjoyed reading this thread, consider dropping a like, retweet the first tweet, and follow me (@oliverjumpertz) for more content like this.
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