December 2018
Beginner to intermediate
564 pages
17h 34m
English
Content preview from Blockchain Developer's Guide
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Defining a decentralized application
A well-known resource to blockchain-based decentralized applications is the whitepaper written by David Johnson entitled The General Theory of Decentralized Applications, DApps. In this whitepaper, he identifies four key criteria to be a DApp:
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The application must be completely open source; it must operate autonomously, and with no entity controlling the majority of its tokens. The application may adapt its protocol in response to proposed improvements and market feedback, but all changes must be decided by consensus of its users.
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The application's data and records of operation must be cryptographically stored in a public, decentralized blockchain, so as to avoid any central points of failure.
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