In 2022, Some Dapps Live in 1922 Due to a Lack of Accuracy

Some of these Daaps seem to be living in the ancient times

A decentralized application or Dapp is like a digital app found on any smartphone or laptop, with the additional feature of employing blockchain technology to keep users' data out of the hands of the organizations behind it. Just like cryptocurrency is decentralized money, dapps are decentralized apps. When a user interacts with a Dapp and receives true and reliable information, we say that the Dapp is accurate.

Web2's centralized systems make addressing accuracy straightforward by limiting it to a single point of data entry. However, the Web3 distributed system introduces a plethora of novel and difficult problems. Problems arise in ensuring that even the most distant network nodes receive updates (it literally takes longer for information to reach nodes further away in a network). These problems can reduce accuracy across a network of nodes and lead to serving up shattered data, customers being lost, and spending a lot of resources correcting an issue that happened in the past.

The problem is that the information from a single node, which is where information always comes from when using a load balancer, cannot be relied upon at any given time. Your transaction (and possibly subsequent transactions) may fail or behave unexpectedly if that node responds to your request, as it may not have the most up-to-date information.

Dapps are as varied as conventional apps: They can provide social networks, games, entertainment, productivity tools, and so on. Many are designed as tools to help consumers access decentralized financial services or DeFi. This latter function is so widespread that the Ethereum network white paper categorized dapps into "financial," "semi-financial" and "other."

Ethereum has been the dominant host for dapps so far. At its foundation, one of the primary goals of the network was to make dapps easier to create. Dapp users may feel more secure in the knowledge that the creators of the application cannot control how it is used – at least, not in the conventional way. For example, the creators of a social network Dapp are powerless to remove a post or exclude a user. They can also not sell users' data to other entities because dapps run autonomously once launched.

It all comes down to the use of smart contracts – computer programs deployed and on a blockchain designed to execute the rules of an agreement without human involvement. For example, a smart contract could be coded to issue a loan once a user deposits a sufficient amount of collateral into it. Dapps are also commonly open source, meaning that anyone can view and use the Application.