What's So Great about DApps? | Blockchain Central

What's So Great about DApps? | Blockchain Central

Assessment

Interactive Video

Business

University

Hard

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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. The video also discusses the technical aspects of dApps, including the use of cryptographic tokens and the absence of a single point of failure. An example of a decentralized ridesharing app is provided. The video concludes by addressing potential challenges in developing sustainable business models for dApps.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

Explain the role of cryptographic tokens in decentralized applications.

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What challenges might decentralized applications face in developing sustainable business models?

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