"Wallet Apps" = new blockchain phenomenon coming on Internet Computer | #ICP
You'll click-install a wApp (e.g an expenses tracker) using an Internet Identity. Only you can update the code, not a developer or DAO. You'll maintain total control
People will install 100+ wApps each
A wApp can do anything. It might be your on-chain file storage vault. It might forward your posts to multiple web3 social media services. It might be your crypto wallet. In every case: 100% controlled by your IIs. Total sovereignty for private content, tokens etc
It would be hard to create a wApp framework using other blockchains rn, since a wApp must be self-contained and run fully on-chain. When you install the WASM smart contract, it has to be able to do everything inc. serving UX. Relying on Big Tech cloud wouldn't work #ICP
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Most websites, systems and online services will be rebuilt and fully reimagined using them.
They are a new and superior form of software. The Internet Computer blockchain removes their limitations.
Here's why smart contract are better:
2/ Smart contracts run on public networks.
Nobody wants to be the captive customer of AWS, Azure and Google. Developers don't want to build using proprietary old IT frameworks. They want to be free.
Unlimited smart contracts provide the alternative.
Remember AOL vs internet...
3/ Smart contracts are tamperproof.
All systems built with traditional IT are insecure, it's just a matter of degree. Solar Winds. Stalled oil pipelines & no fuel. Your photos from iCloud.
Smart contracts always run the right code against the right data. No firewall necessary.