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A decentralised application (DApp, [1] dApp, [2] Dapp, or dapp) is an application that can operate autonomously, typically through the use of smart contracts, that run on a decentralized computing, blockchain or other distributed ledger system. [3] Like traditional applications, DApps provide some function or utility to its users.
Web3, also called Web 3.0, is the name given to a decentralized web movement that is sometimes described as a "read/write/own" stage of internet development. It focuses on decentralizing the underlying infrastructure of the internet, shifting away from centralized data storage and management using new protocols and technologies.
2) Sharing personal data with "friends" 3) Use of personal data for "personal applications" OStatus , OAuth 2.0, WebFinger , hCard , Portable Contacts , XRI , XDI , PubSubHubbub , Salmon Alpha
Decentralized computing is the allocation of resources, both hardware and software, to each individual workstation, or office location. In contrast, centralized computing exists when the majority of functions are carried out, or obtained from a remote centralized location. Decentralized computing is a trend in modern-day business environments.
Other examples of open source or decentralized movements are Wikis which allow users to add, modify, or delete content via the internet. [137] Wikipedia has been described as decentralized (although it is a centralized web site, with a single entity operating the servers). [138]
[3] [32]: ch. 08 [33] For example, bitcoin uses a proof-of-work system, where the chain with the most cumulative proof-of-work is considered the valid one by the network. There are a number of methods that can be used to demonstrate a sufficient level of computation .
A smart contract is a computer program or a transaction protocol that is intended to automatically execute, control or document events and actions according to the terms of a contract or an agreement.
For example, the foraging behaviour of wasps is under the constant regulation and control of the queen. [8] The ant mill is an example of when a biological decentralized system fails, when the rules governing the individual agents are not sufficient to handle certain scenarios.
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