dApps == Apps 2.0

This blog post is part of a three-part blog article series by Apps with love with a focus on blockchain. The original article was published here.

Pascal Marco Caversaccio
Coinmonks
Published in
5 min readMay 25, 2020

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Everyone knows apps. If I ask you what an app is, you are able to explain in simple words where I can search for apps (e.g. Google Play Store), how I can download it, and what I can use a certain app for (e.g. messaging). Today there is literally an app for every case and apps have become ubiquitous.

Everything should be fine, right? Well, now think more carefully about how apps are governed. Third-party platforms such as Google Play Store or App Store are very powerful and can remove your app within seconds (e.g. if you do not comply with their rules). A recent incident underpins this risk: Google removed 600 apps from Play Store due to disruptive ads. These companies also charge developers high fees for hosting and make large profits on sales. For example, Apple gets 30% of all revenue from app and in-app purchases. Another issue may arise if the provider shuts down the app and you no longer have access, or the app has technical downtime due to e.g. backend problems. Especially, downtime can become very costly for the company and the customer.

Now imagine something crazy. Apps that do not belong to anyone, cannot be shut down, and do not have any (technical) downtime. Sounds like wishful thinking, doesn’t it? Not really! Such new breeds of applications are currently discussed and…

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Pascal Marco Caversaccio
Coinmonks

𝐖𝐨𝐫𝐤𝐢𝐧𝐠 𝐨𝐧 𝐰𝐡𝐚𝐭’𝐬 𝐧𝐞𝐱𝐭.