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  Decentralized applications (DApps) are applications that run on top of blockchain networks. They can be designed for several real-world use cases. Although DApps can appear similar to web applications in terms of user experience (UX), their back-end processes differ. Decentralized apps eschew centralized servers to transact in a distributed and peer-to-peer (P2P) fashion as opposed to using the central HTTP protocol to communicate. DApps are nothing but evolving apps that are more secure, more scalable, and more immutable. Some more information on Decentralized Applications We will understand the terms we used to describe Dapps, such as decentralized, deterministic, turning complete, and isolated. 1. Decentralized: It means Dapps are independent, and a single entity cannot control them 2. Deterministic: Dapps perform the same functions no matter the environment they are executed in.   3. Turning complete: Turning complete means the Dapps can perform any action if provided w...

  There has been a lot of buzz about blockchain, but will this new technology change the way we transact in the future? The banking industry has been facing numerous challenges for a very long time. The safe, secure, transparent, decentralized, and cost-effective nature of blockchain has the potential to solve these challenges. Here’s how a blockchain is a one-stop solution to all the existing challenges in banking. With blockchain in banking services, data handling is ensured with security and transparency. 1.             Immutability 2.             Zero-Knowledge Proof Technology 3.             Privacy Use-cases of blockchain in the banking sector 1.            Clearance and Settlement 2.            Lending and borrowing 3.       ...