What's So Great about DApps?

The video explores decentralized applications (dApps), contrasting them with centralized ones like Facebook and Amazon. It highlights the benefits of dApps, such as enhanced privacy and autonomy, due to their open-source nature and blockchain-based operation. Key technical aspects include open-source code, cryptographic tokens, and no single point of failure. An example of a dApp, a decentralized ridesharing app, is discussed. The video also addresses potential challenges in developing sustainable business models for dApps. It concludes with a reminder of the benefits of dApps and a disclaimer about the content not being financial advice.

What is a key difference between centralized and decentralized applications?

• Centralized applications allow direct peer-to-peer interactions.

• Decentralized applications store data on a single server.

• Centralized applications control data through a single server.

• Decentralized applications require a third party to route data.

Which of the following is NOT a cornerstone of decentralized applications?

• Public blockchain

• Cryptographic tokens

• Single point of failure

• Open-source code

How can tokens be acquired in decentralized applications?

• By downloading them from a public blockchain

• By requesting them from a third party

• By earning them through tasks or buying them in an ICO

• By purchasing them on a centralized server

What is the unique feature of the decentralized ridesharing app Zeus?

• It requires users to share personal data for advertising.

• It relies on a single server for operations.

• It pays drivers with a currency called Zeus token.

• It uses a proof of work algorithm.

What challenge might decentralized applications face in the future?

• Lack of unique cryptographic tokens

• Difficulty in controlling user privacy

• Inability to operate autonomously

• Developing sustainable business models without personal data