Introduction to Distributed Apps
Let us take the example of a trading bloc that deals with textiles overseas. A bloc consists of the buying and selling parties, and each party has different departments it operates with the help of, which include logistics, clearances, quality control checks etc. Suppose one of these departments has important information which needs to be sent out in equal amounts to every department on both sides; will it not be hectic to get in individual contacts and then wait for a discussion platform to be set? This is where a distributed application comes in. A network spread over all heads involved in an organization is likely to function better, be more efficient, and have the transparency needed for confidence building. This does not mean, however, that all information will be processed by departments which might be unrelated to an aspect or another, which maintains a certain standard of confidentiality. Cloud computing is a classic example of distributed applications used heavily today.
Distributed App Network for Crypto Currencies
Without the presence of one entity to regulate everything in this rapidly flourishing market, you can imagine the heights people can reach with timely investment, devotion, and luck by their side. In addition, you can gain access to multiple new markets you were hesitant to trade with before because all will be part of the same network, and you will not have to report your progress or transactions to one authority alone. SlackCoin is one such example. This very fact brings a lot of benefits:
- You will be content will how your digital currency, balance, and access codes all belong to you and cannot simply be broken down by some third party.
- The singularity of the network will give a boost to your outreach, and you can make smart contract based trades more and more as the technology uncovers in the near future.
- You will not be liable to file any taxes or hidden charges to the state regardless of how much you are able to make out of your digital currencies.
- In countries where digital currencies are not illegal, you can establish a lobby of your own on a distributed network which can go on to act as your pool of miners, making your return prospects much greater than what they are right now.
- Crowdfunds and Charities
- The Freelancing Community
- Virtual Governance