Ducen IT

Intelligence to Decision Making

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About Ducen IT
Ducen IT helps Business and IT users of Fortune 1000 companies with advanced analytics, business intelligence and data management through its unique end-to-end data science platform called Analance. Analance is an enterprise-class, state of the art integrated platform that d...
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$100 - $149/hr
250 - 999
2003
United States, India
Ducen IT
Intelligence to Decision Making
0.00/5 (0 Reviews)
Services
  • Advanced Analytics Solutions (AI/ML/Automations)
  • BI Analytics Solutions
  • Data Management Solutions
  • Analytics and Information Management Services
  • IT Managed Services
  • Business Consulting
  • Application Services


 

Focus
Service Focus
Discussions
There is a buzz about a new breed of applications all across the world. Surprisingly, such apps cannot shut down, don’t have any downtime, and not even possessed by anyone. They are DApps or Decentralized Applications that basically lie under the blockchain technology. Today, when the world is still adjusting to popular apps, the dApps brought a whole new concept in this ecosystem. Basically, these apps have the following attributes: · They are open-source applications, and their code is made available to all. · They rely on the decentralized blockchain or cryptographic technology that saves the app from perils of centralized authority, and they emphasize on the autonomous nature. · As these apps are based on the decentralized blockchain technology, the records validators on the app network must be given some incentives or rewards using any cryptographic tokens or any other digital assets. · These apps run using a consensus mechanism that shows the proof of value in the cryptographic system. It enhances the value of the cryptographic token and with creating a consensus protocol that users agree for generating the valuable cryptocurrencies or tokens. How does dApp work? The dApp data is stored in a decentralized database, and the app uses decentralized computing resources to work. It runs on open-source software integrated to a decentralized blockchain platform and is accessible and editable by all network members. These apps are fueled using tokens or currencies generated using an agreed algorithm or protocol. Decentralization enhances transparency in an application. New records can be added to the contributed ledger using tokens that are mined or pre-mind using an algorithm or protocol. What are the top platforms to develop dApps? · Ethereum or ETH – It ensures security and enables true decentralization. · EOS – Not a truly decentralized platform; it involves 21 witnesses or validators to verify the transactions. · TRON – Like EOS, it also works on the validation basis. It resolves the scalability problem and has a much more transparent cost structure.
There is a buzz about a new breed of applications all across the world. Surprisingly, such apps cannot shut down, don’t have any downtime, and not even possessed by anyone. They are DApps or Decentralized Applications that basically lie under the blockchain technology. Today, when the world is still adjusting to popular apps, the dApps brought a whole new concept in this ecosystem. Basically, these apps have the following attributes: · They are open-source applications, and their code is made available to all. · They rely on the decentralized blockchain or cryptographic technology that saves the app from perils of centralized authority, and they emphasize on the autonomous nature. · As these apps are based on the decentralized blockchain technology, the records validators on the app network must be given some incentives or rewards using any cryptographic tokens or any other digital assets. · These apps run using a consensus mechanism that shows the proof of value in the cryptographic system. It enhances the value of the cryptographic token and with creating a consensus protocol that users agree for generating the valuable cryptocurrencies or tokens. How does dApp work? The dApp data is stored in a decentralized database, and the app uses decentralized computing resources to work. It runs on open-source software integrated to a decentralized blockchain platform and is accessible and editable by all network members. These apps are fueled using tokens or currencies generated using an agreed algorithm or protocol. Decentralization enhances transparency in an application. New records can be added to the contributed ledger using tokens that are mined or pre-mind using an algorithm or protocol. What are the top platforms to develop dApps? · Ethereum or ETH – It ensures security and enables true decentralization. · EOS – Not a truly decentralized platform; it involves 21 witnesses or validators to verify the transactions. · TRON – Like EOS, it also works on the validation basis. It resolves the scalability problem and has a much more transparent cost structure.
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There is a buzz about a new breed of applications all across the world. Surprisingly, such apps cannot shut down, don’t have any downtime, and not even possessed by anyone. They are DApps or Decentralized Applications that basically lie under the blockchain technology.

Today, when the world is still adjusting to popular apps, the dApps brought a whole new concept in this ecosystem. Basically, these apps have the following attributes:

· They are open-source applications, and their code is made available to all.

· They rely on the decentralized blockchain or cryptographic technology that saves the app from perils of centralized authority, and they emphasize on the autonomous nature.

· As these apps are based on the decentralized blockchain technology, the records validators on the app network must be given some incentives or rewards using any cryptographic tokens or any other digital assets.

· These apps run using a consensus mechanism that shows the proof of value in the cryptographic system. It enhances the value of the cryptographic token and with creating a consensus protocol that users agree for generating the valuable cryptocurrencies or tokens.

How does dApp work?

The dApp data is stored in a decentralized database, and the app uses decentralized computing resources to work. It runs on open-source software integrated to a decentralized blockchain platform and is accessible and editable by all network members. These apps are fueled using tokens or currencies generated using an agreed algorithm or protocol.

Decentralization enhances transparency in an application. New records can be added to the contributed ledger using tokens that are mined or pre-mind using an algorithm or protocol.

What are the top platforms to develop dApps?

· Ethereum or ETH – It ensures security and enables true decentralization.

· EOS – Not a truly decentralized platform; it involves 21 witnesses or validators to verify the transactions.

· TRON – Like EOS, it also works on the validation basis. It resolves the scalability problem and has a much more transparent cost structure.

Contact information
us
Ducen IT
315 Park Place, Grand Island, Buffalo, New York 14072
United States
1 63 375 8392
in
Ducen IT
# 4/363, Block-B, III Floor, Old Mahabalipuram Road, Chennai, Tamil Nadu 6000 06
India
+91 44 4225 6666
ca
Ducen IT
100 King Street West, Suite 5700 , Toronto, Ontario M5X 1C7
Canada
1 844 382 3648
ph
Ducen IT
Unit 1605-1610 Hanston Square Building #17 San Miguel Ave. Ortigas Center, Pasig City, Manila 1605
Philippines
+63 960 3004
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