Advantages And Disadvantages Of Decentralized Applications

Decentralized are run on the blockchain, know about the advantages and disadvantages of it.

The term decentralized triggers the idea of not having any central component. For example, the operation will have multiple users but not one single controller, and all the users can control their operation by themselves.

Decentralized applications are run on blockchain or P2P network of computers instead of being handled by one single computer. In the context of cryptocurrencies, dApps run on a blockchain network in a public, open source, decentralized environment and are free from control and interference by any single authority.

Advantages

The absence of an all-powerful and authoritarian corporation to govern the application makes DApps resistant to censorship. They can work as censorship-resistant applications and therefore they give the control back to the users.

DApps are based on a shared database that replicates stored information across all other nodes. This means that hijacking a single node doesn't restrict the organization's ability to access its critical data.

DApps are more stable and easily accessible compared to conventional centralized applications.

Disadvantages

As every peer in the network has to update their node software therefore fixing bugs or updating Dapps is difficult.

DApps can sometimes be slow to load, and payments can take a while to process.

It becomes an issue to develop such applications because there is no central authority to verify the user identity (that is, KYC).

Conclusion

Blockchain technology has changed the entire world. It allows companies to introduce new and innovative services. Dapps are just one of the byproducts that offer secured open-source software for everyday users. As dApps continue to grow in number and more innovations enter the playing field, it is always important to understand the advantages and disadvantages of each application and technology as we adopt and adapt.