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Module 1 Smart Contracts and DApps
yeousunn edited this page Aug 24, 2018
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Smart contracts are like traditional contracts, except they are digitally coded into the blockchain and eliminates the need of middleman(ex. Bank, lawyer). Smart contracts are trustless, autonomous, and self-sufficient.
DApps or Decentralized applications unlike traditional applications, their backend codes run on a decentralized peer-to-peer network.
A DApp can have frontend code and user interfaces written in any language (just like an app) that can make calls to its backend.
DApp = frontend + contracts
One example is to use this design for a decentralized Twitter that’s resistant to censorship. Once you publish a message to the blockchain, it can’t be erased, not even by the company that created the microblogging system.