Thread by @hey_bernie

WTF are DAPPs?

Companies like:

• VISA
• Apple
• Twitter
• Netflix
• EPIC Games, and many more are on the verge to be disrupted.

Here's how Decentralized Applications will take over.

DAPPs 101: it's time to build 👇🧵

0. What are Decentralized Applications (DAPPs)?

The simplest way to explain it is by saying that:

DAPPs are decentralized applications built on top of the Blockchain.

Instead of being managed by a Company, they are managed by multiple people, making them peer-to-peer...⬇️

1. But why do we need DAPPs?

👉 "To f*ck big companies." Muahaha

Ok sorry, just joking here 😅

Let's see the following analogy:

Assuming the Blockchain is a PC and Ethereum is our Operative System (like Windows ok?), then we need to have HOW to interact with Windows ...⬇️

2. The best Use Case

...and nowadays most of the time, we use apps to do it

For that, we must access it/download it, create an account, provide some initial data to start using it, and keep providing data on the usage.

But, have you seen what happened behind the scenes? ...⬇️

3. Behind the scenes

What happened was that you relied on the app to store your data and every detail of your experience.

And, while sometimes this can be a good thing, most of the time it isn't.

"But why?"

Because you never know what the company may do with your Data and..⬇️

4. The problem

...you have no idea about what will be the company's future.

• If a company wants to be bought, they can
• If they want to shut down, they can
• If they want to sell your Data to third-parties, they can

"But, wait a sec"...⬇️

5. Framing the problem

"...I didn't want those things to happen.

What about Terms & Conditions, the Company's Vision, Mission.
Don't they protect me?"

Hmm, not really. Most companies don't care about those.

And anytime you leave an app, what happens to your Data?...⬇️

6. Understanding the problem

"To be honest bro, I'm getting tired of Twitter for example.

The community here is so big. We should have a say in their future."

Yes I know, a few days ago @gregisenberg was saying the same.

https://twitter.com/gregisenberg/status/1466039329030029316

But for now...⬇️

7. The solution

...DAAPs offer an initial solution.

By being on the Blockchain they are peer-to-peer what makes every person involved with the app have a say in their future.

"But that's it? How will it disrupt big companies?"

Well, in many ways...⬇️

8. Disrupting big Companies

...first, it will allow for Developers to build different app versions in case they don't like where things are going.

See ForkDelta, they are a decentralized crypto exchange built from EtherDelta..⬇️

forkdelta.app

...second, it will be aligned with users' incentives.

See CryptoKitties:

This famous game built on the Ethereum Network allows players to collect and trade NFTs, getting a financial upside.

cryptokitties.co

9. Other Use Cases

Over the past few years, DAAPs have been used in many ways.

Some like:

• DeFi
• NFTs
• Gaming
• Social networks
• Crypto Exchanges

And where to find DAPPs?

Here 👉 dappradar.com

This is the "Apple AppStore" for DAPPs.

Wrapping up ...⬇️

10. Wrapping up

As mentioned above, DAPPs aren't an app running by one single company, instead, they run on multiple PCs of multiple people.

They are transparent, and can't be owned or shut down by a single person, thereby, users can have a say in its future development...⬇️

And how can we have a say?

Because if users are not satisfied with the DAPP, they can build a different version of that DAPP, as ForkDelta did.

"But who runs these DAPPs then?

Companies?"

Most of the time: DAOs.

"What?"

Haha, that's the topic for tomorrow's thread....⬇️

If you're here -- Thanks for reading.

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Index:

0. What are Decentralized Applications (DAPPs)?
1. But why do we need DAPPs?
2. The best Use Case
3. Behind the scenes
4. The problem
5. Framing the problem
6. Understanding the problem
7. The solution
8. Disrupting big Companies
9. Other Use Cases
10. Wrapping up

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