What are Decentralized Applications (DApps)?

DApps are a new type of applications which cannot be shut down, are not owned by anyone and don’t have any downtime. DApps stands for Decentralized applications and an application should have a specific set of features to qualify as DApps. These features are:

  1. Decentralized
  2. Open Source
  3. Algorithm
  4. Incentive

DApps should have a source code which is available to the world of blockchain cryptographic technology. It has crypto-tokens and has an inbuilt consensus mechanism.


Functioning of DApps

Open Source code

DApps are open-source so anyone can see the source code and contribute to it. Then they are decentralized using the blockchain technology.


A permanent record of all the transactions is documented in the database using the blockchain technology which anyone can refer too at any time.

Different algorithms

Then, this record of transactions is added to ledgers with the help of tokens which are miners using different kinds of algorithms and protocols.

The popular algorithms which are used by all the community members to reach a common consensus are Proof-of-work and Proof-of-stake.

POW (Proof -of-work): This protocol enables the miners to mine and in return receive rewards. The process of mining and adding the blocks to the blockchain, keep the chain secure and the entire process is energy consumptive.

POS (Proof-of-stake): This protocol requires the users to hold and stake the cryptocurrency token. This enables the user to become an eligible master node in the blockchain. This helps in faster processing of the transactions and keep the blockchain secure.

DApps Classification

Type I

Type 1 DApps use their own blockchain technology.


Type II

Type II DApps make use of the blockchains of the Type I apps. They have protocols and their tokens essential for their functioning.

For example Omni protocol.

Type III

Type III DApps use the algorithms and protocols of Type II DApps.


Future of DApps

Many people believe that DApps will surpass the software corporations in all aspects in the future. They are superior to their peers as they are flexible, transparent, distributed, decentralized, resilient, and have a superior structure.

7 Simple Steps Towards Desktop/Mobile Wallet Security

The threats of bots, trojans and malware attacks are increasingly affecting the users in the digital world. Even the crypto space has seen its fair share of security-related incidents in the recent past.

Crypto wallets, especially the software-based ones, have become a soft target for the hackers. If you are using any desktop or mobile wallet to manage your crypto investments, then it’s high time you should follow the 7 simple steps listed below to improve the security of your virtual coins.

Step 1: Always use an antivirus/anti-malware software on the devices from which you access your crypto wallet. Moreover, do keep an eye on new patch/version releases, and make sure to update the antivirus program as soon as a new patch becomes available.

Step 2: If you are using a desktop/laptop computer, ensure that you are always under active firewall protection.

Step 3: Beware of phishing scams. Don’t just blindly click on any URL that you receive through email, WhatsApp or other messaging applications. It’s a safer option to type the link on the address bar. Google Chrome offers an amazing extension called ‘Punycode Alert’ that can help you stay clear of phishing attempts.

Step 4: If your wallet comes with two-factor authentication feature, it makes sense to use this functionality. Mobile-based authorization with the help of OTP generation will add an extra layer of security to your crypto wallet.

Step 5: Always use a secure internet connectivity while accessing your crypto portfolio. Shared connections and public wifi hotspots should strictly be avoided.

Step 6: Keep your device free of junk stuff. Don’t install miscellaneous software programs or unverified apps because you never know from where an attack might originate from. The key is to make the attack surface as minimum as possible.

Step 7: Finally and most importantly, always use a trusted wallet. Do your research well and opt for the one that has a decent track record. And don’t forget to update them as and when a new update gets released.

Final Words:

Prevention is always better than cure. If you can follow these seven steps, the hackers will have a tough time to break through your tight defense. Staying proactive and vigilant in your approach is the key to safely negotiate security hazards.

What Skills do You Need to Work in the Crypto Industry?


With the continued emergence of cryptocurrencies and the blockchain sector, a wealth of opportunities also opens up for related employment in these fields. These opportunities are varied and in strong supply from the areas of marketing and product development, all the way through to security and platform design on the back-end of projects.

So, how do you get involved and exactly what kind of skills will be most valuable?

Determine What You can Offer

This can be the most difficult part of any job application or position. You will have to take a period of self-reflection and decide what you can best offer to the industry. Not only this, but also, where you want or desire to see yourself positioned. After answering these questions of yourself, then you will have some direction and be in a position to start gaining quantifiable education and experience.

Skills above Experience

One of the most attractive elements to working within the industry is that it is new. This means that in-terms of experience, everything you do here and now can be valuable in building your profile. You do not require a long history, but you do need the ability to demonstrate your skills well. Platforms such as Upwork are ideal for starting out and gaining some experience to build yourself in to the industry.

The Value of Education

As with any industry, the value of being educated is something which should be considered very important. Though formal certifications in the area are still quite rare, there are a number of great education options available to help grow your skills.

Engagement with the blockchain community through knowledge sharing platforms is also key. The benefit of such involvement will be multi-faceted. Interactions will increase your personal contact network within the community whilst also portraying the image of a person who is enthusiastic and willing to learn and become more involved in an industry which values community among its core foundations.

Ultimately, undertaking any of these actions reflects positively on you and opens the door to new and exciting opportunities within a rapidly expanding industry.

Protecting Yourself during a Crypto Bear Market

The crypto market as a whole, has seen better days, with news emerging today of more significant red numbers leaving many investors scrambling for cover. This may intimidate new investors or those who are considering to invest in crypto from the outside. Therefore, let’s take a look at the bigger picture and identify some ways in which you can take care of your investments during a downward period.

Keep Your Cool

The first very important step you have to remember is, try your best not to panic sell. Of course, it can be all too easy as a new trader….or even an experienced one, to quickly sell off your holdings in a negative panic. The same is true of traditional stock markets. The fact is though, that things often recover in time. You should try your best to ride out the storm.

Remember Your Goals

It is important under these pressures, to remember why you became involved in crypto in the first place. For many, it will have been trust in a project for long-term gains. This can be easily changed by a sudden market movement which leaves you seeing stars, Again though, it is important that no matter how negative, or positive conditions become, remember your original goals. This will also apply when the markets rebound and you are dreaming of Lamborghinis.

Zoom Out

Looking at the bigger picture is always vital. You may think that times are tough if you have lost a little bit on your holdings, but time shows through the charts that everything has risen a long, long way, when the bigger picture is considered. That’s why it is often very prudent to zoom out that chart just a little to see where it came from.