đ¤ First, whatâs a dApp?
A dApp, short for decentralized application, is a type of software application that operates on a decentralized network, typically a blockchain. Unlike traditional applications that rely on centralized servers and databases which are highly vulnerable to cyber attacks or direct access at the physical location, dApps leverage the principles of blockchain technology to function in a distributed and decentralized manner. Here are some key characteristics and components of dApps:
Decentralization: dApps do not rely on a central authority or single point of control. They run autonomously on a distributed network of computers (nodes) that collectively maintain and validate the application's data and transactions.
Open Source: Most dApps are open-source projects, meaning their source code is publicly available for inspection and contribution by anyone. This fosters transparency and community collaboration.
Smart Contracts: dApps often use smart contracts, which are self-executing contracts with the terms of the agreement written directly into code. These contracts automatically enforce and execute rules and transactions without the need for intermediaries.
Cryptocurrency Integration: Many dApps use cryptocurrencies or tokens as a means of value transfer and to incentivize participants within the network. These tokens can be used for various purposes within the dApp ecosystem.
Transparency and Immutability: Data stored on a blockchain is transparent and immutable, meaning that once recorded, it cannot be easily altered or deleted. This adds a layer of security and trust to dApps.
Interoperability: Some dApps are designed to interact with other dApps and blockchain platforms through standardized protocols and interfaces. This promotes the seamless exchange of information and assets between different blockchain-based applications.
Use Cases: dApps have a wide range of potential use cases, including decentralized finance (DeFi), supply chain management, gaming, social networking, voting systems, and more. The possibilities are vast and continue to evolve as the technology matures.
It's important to note that not all applications that claim to be decentralized are true dApps. The term "dApp" is often associated with applications built on blockchain platforms like XPR network, EOS, Ethereum, or Binance Smart Chain, but there are also other technologies and networks that support decentralized applications.
In summary, a dApp is a type of software application that operates on a decentralized network, utilizing blockchain technology, smart contracts, and often cryptocurrencies to provide decentralized, transparent, and secure functionality for various purposes.
But what makes a dApp Web 3?
In our opinion, a dApp or even a semi-dApp (which is a partially decentralized App) is only worthy of association with Web 3 if it applies the notion of decentralization to the following 3 core aspects:
The code - If the code is not open source, there is no transparency, no trust can be built over time and the development suffers from lack of ideas and bug-fixing/optimization, because a small private team will never be equal to hundreds or thousands of developers that can contribute ideas and code.
The infrastructure - Running a Web 2 app or platform is usually done by hosting it in one single dedicated server, some of them are slightly distributed in cloud hosting systems but they are still centralized and not secured. This is a problem that greatly affects the security of user data and this also applies for the 40 year old SWIFT/BIC technology, for financial transactions and accounting.
The business model - Most business models for web apps and apps in general are designed to exploit users for profit. This applies to all web services, from small to big. The most popular âmonetization modelâ on the internet is the old âAdvertisingâ system. Other models of business imply one time payments, subscriptions, pay as you use or on-demand payment. But all of them are very expensive for both the business and the users. Web 3 reduces costs for everyone.
Sadly, most âdAppsâ and all web 2 Apps fail to decentralize all 3 aspects.
đ° The Good News?
đ The bad news first: Even today, we use old technologies to communicate and transact as human beings in our modern society and we use business models that are designed to exploit people, not help them.
Technology wise, we use email accounts and SIM cards as the main technologies to identify each other and communicate with each other. These are old technologies with vulnerabilities and limitations and are going to be obsolete in a decade or so.
Business wise, we never really give much thought to the impact our most popular business models or monetization models have on society and the biosphere. We develop conventional business with the objective of making money rather than fixing or solving real problems, not just for our species, but for all life on Earth. This path leads to extinction through consumption and destruction of the environment. In todayâs world, sadly, most conventional economic activity regards life in the biosphere as nothing but ânatural resourcesâ or âexternalitiesâ. This form of economy is what David Suzuki calls âA form of brain damageâ.
David Takayoshi Suzuki is a Canadian academic, science broadcaster, and environmental activist. Suzuki earned a PhD in zoology from the University of Chicago in 1961, and was a professor in the genetics department at the University of British Columbia from 1963 until his retirement in 2001
đ Back to the good news
The Gratitude Token World team has identified 3 essential needs/requirements for any web project of any business/community, both today and also in the age of Web 3 and IoT (Internet of Things):
Identity/User management
2way communication
2way financial transactions
đ¤Decentralized User Management Model
This đ¤model is universal for both human users and software users (bots or AI) and itâs critical to any business or web project that wants to engage with users/devices and/or allow users/devices to interact with each other in the age of Web 3 and IoT.
But in order to upgrade this model to Web 3, we need a protocol that can take us there. We need a fundamental technology as important as TCP/IP, what we call a âsecond layer technologyâ - a decentralized protocol that can bridge the gap between blockchain, users and developers quickly, with maximum scalability and free of cost (open source).
A lot of mass adoption obstacles need to be solved for this to happen and so, the smart contracts needed for this protocol to exist can only run on bleeding edge blockchain technology, a network matching the following technical specifications:
Speed (at least 4K TPS with ~1s finality and 0.5s block time)
Feeless transactions (payment/transactions systems are not useful, easy to use or compelling economically if the user has to pay the fees, the fees should be paid by the developers, this enables great precision and possibilities for development)
Unique Universal Usernames like @jessica123 (replacing complicated account addresses like 0x71C7656EC7ab88b098defB751B7401B5f6d8976F - which are impossible to read and transmit by humans.
Developer Friendly Smart Contracts (smart contracts compatibility with popular languages like typescript and C++) - reducing the development time and the costs.
Storage - of a little more data in the account in addition to the coins/tokens balance and the regular transaction history.
Multi-signatures and the ability to add more than 1 private key to accounts.
KYC at least LVL 1 (On-Chain Zero knowledge proof KYC) - resulting in verified tags assigned to the blockchain account.
The only blockchains that meet all these criteria are: EOS or forks from EOS, like XPR network, WAX and others.
Thank you Daniel Larimer for creating EOS, your contribution to Web 3 is not going to be forgotten, we are very grateful. - Web 3 Ambassadors and Gratitude Token World.
We are half way there
In order to implement the Universal User Model in any Web 2 system or even any device (IoT industry) using a single line of code (a decentralized API), upgrading the system to Web 3 instantly, without learning about blockchain, without learning a new language or redeveloping of the whole system, the team at Gratitude Token World is developing the BiiP protocol - a fully decentralized open source All-In-One solution for humans everywhere, a revolutionary protocol thatâs applying the notion of decentralization to all aspects of the đ¤Universal User Model.
Here are a few questions that they are trying to answer with BiiP âŚ
From a developer/business perspective:
How do I upgrade my app or website to Web 3?
How do I connect my platform or app to blockchain?
How do I add Web 3 or blockchain authentication to my website, platform or app?
Is there a free decentralized user management system?
Free decentralized blockchain payment system?
How do I use Web 3 or blockchain in my business?
Is there any free solution to upgrade my website/app to Web 3?
From a user perspective:
How do I keep my personal data safe?
How do I enable true privacy for my web identities and web accounts?
How do I keep my funds or wealth safe, in a way that I as the user am the one authorizing access for banks and governments, not the other way around?
How do I manage access to my Web 3 identity and funds?
Is there a safer way to authenticate to web accounts or apps without using passwords?
BiiP presents a vision for a decentralized identity and finance system built on blockchain technology. It aims to address issues related to centralized online authentication, data privacy, financial accessibility, and value transfer. By leveraging blockchain technology, BiiP seeks to provide a secure and transparent protocol where users can manage their identities, personal data, and financial transactions.
One of the key aspects of BiiP is the integration of identity and finance into a single blockchain account. This approach eliminates the need for multiple passwords and centralized databases, offering a more streamlined and secure authentication and user management process. Instead of relying on traditional identifiers like email addresses or SIM cards, BiiP proposes the use of a unique blockchain username. This username serves as a representation of the user's identity and also facilitates financial transactions and interactions within the system.
By combining identity and finance in a decentralized manner, BiiP aims to empower individuals by giving them control and security over their personal information and assets and developers or businesses by reducing their development costs and web infrastructure risks.
It strives to provide a means for people without access to modern online services, banking, or government-issued identification to participate in digital transactions and economic activities. Through BiiP, individuals can interact with others, make payments, and store value without the need for fees, contracts, or intermediaries.
Furthermore, BiiP envisions a value transfer system that extends beyond traditional financial transactions. It proposes attaching currency to the exchange of information online, allowing for a free flow of money (energy) and information. By enabling users to become their own banks and payment service providers, BiiP aims to foster a more equitable distribution of value and eliminate the need for traditional advertising models. It also emphasizes the potential for crowd funding and universal exposure through the integration of the GRAT token.
Overall, BiiP aims to create a decentralized ecosystem that redefines the relationship between individuals, corporations, and digital services. It seeks to empower users, protect their identities and assets, and promote a free and progressive future for humanity. By leveraging blockchain technology and proposing an inclusive and open-source operational model, BiiP hopes to contribute to the decentralization of value and the protection of individual freedoms in the digital world.
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