Many have heard about dApp. However, not everyone knows about its financial capabilities. And today we will talk about it.
Let’s start with the fact that any such application can only be developed by specialists, or rather dapp development services.
What are Dapps and what are they used for?
Let’s start with the assumption: Dapps are no better than traditional apps, but they have significant differences that, depending on the point of view, can be considered better or worse than others.
Because of their so different functioning (especially with regard to their development), it is difficult to compare them and judge which of them offers the most benefits.
Decentralized applications (Dapps or dApps) are defined as all those applications that run on a distributed computing system (i.e., a collection of computers located in different parts of the earth).
While we hear about them a lot lately thanks to blockchain technology, Dapps have been around since the advent of P2P (Peer to Peer) networks.
Do you know BitTorrent? An application that allows you to share files in a distributed manner, that is, an online space where various digital assets are stored on computers located in different parts of the Earth.
With blockchain, which is a special type of P2P network, Dapps are seeing their growth (which is becoming more exponential).
A significant advantage of blockchain-based Dapps is that they solve the problem of resilience over time. Without the help of advertisers, sponsors, or any other person or person (such as an investor) that helps the developers keep the Dapp running, it could not get better or incur ongoing maintenance costs.
Third party support is key. However, this is not the same for those Dapps that work with blockchain support. In this case, depending on the terms expressed by smart contracts and distributed consent methods, Dapps are self-sufficient both financially and in terms of development. Only the abandonment of their project would determine the end of the updates, but not the smart contract that will continue to run forever on the corresponding blockchain.
With the help of developers, end users, and those intending to invest in Dapp, it will continue to work and improve. This will be a basic blockchain that will reward all stakeholders.
-Developers plan and get paid for their work
-Those who are delegated in marketing and sales functions will receive remuneration for their activities.
-Users will pay to use the services offered and will earn if they intend to contribute to the support of the Dapp.
-The reward, of course, will be in tokens (which can be used in Dapp and exchanged for cryptocurrency) or in cryptocurrency, at the discretion of the development team.
Don’t forget: Dapps powered by blockchain may be inventors or founders, but they will never be the true owners of a decentralized application.
The peculiarity of these non-standard applications, in fact, lies in the fact that they are open source. Their code, with which they are programmed, is publicly available and can be used by others to improve or adapt to the needs of a particular purpose.
If you are asking yourself “who earns the most?” The answer is simple: the person who, through using or contributing to improving the Dapp, remains satisfied with his needs.
If I am an end user, I am satisfied with whether the application follows my commands, whether it is useful for a specific purpose, or, corny, entertains me.
If I am someone who contributes to improvement or development, I get satisfaction from the fact that the application is born and grows, and also distributed to the public.
What about the economic benefit?
This is also proportional to the actions performed for the decentralized application.
Then the people who are contributing to the development and improvement of the Dapp must choose the most appropriate organizational form: centralized or decentralized (in this latter case, we are talking about DAO, a decentralized autonomous organization).