DeFi Games as the Most Promising dApp

Do you know why everything happens on time in our lagoon? At OctoGamex, you will never stand in line at stores, get stuck in traffic, or see citizens in a hurry. All this happens because every lagoon’s resident takes personal responsibility for their actions!

And Octies, blockchain technology, and the DeFi industry help with this. Exactly! Thanks to decentralization technologies, each user of OctoGamex realizes the importance of their decisions and creates comfortable conditions for themselves and everyone else. How do you get such skills and achieve such self-control? What is a dApp, and what is it? How does this relate to DeFi gaming, and how does this benefit the industry? With all these questions, the wise Octie, who kindly prepared this article, will help you to understand. So, let’s dive in!

What is a Decentralized Application (dApp)

A decentralized application, or dApp, is software that is familiar in its understanding but has a certain difference from traditional applications. dApp is a digital program with open source and blockchain technology support, which can be launched from a computer, laptop, or smartphone. Any such program carries the main elements of decentralization, which allows users to freely manage it and develop many other applications based on it.

Thanks to blockchain technology, all information is stored and recorded in the relevant databases. The transparency and flexibility of dApps allow users to build their infrastructure around the created application without being the developers or owners of the original dApp that was taken as a basis.

The mechanism of decentralized finance applications allows you to avoid the pressure of centralized regulators and developer organizations, which makes dApp DeFi a convenient application where everyone can create something of their own.

How Does a dApp Work?

All dApps keep the same characteristics as traditional ones: interface, code, attributes, etc. But the difference lies in the internal architecture and the principle of operation. First of all, you need to realize that every dApp smart contract works in the conditions of a decentralized P2P network. It provides broad access and limits single-person control of the program. It stimulates the emergence of more DeFi applications, which positively affects the market capitalization as a whole.

Each dApp application is an open-source application that can be modified by most users in a given situation if needed. All databases (or blocks) that store information, finances, or documents — are decentralized. And the last thing that every dApp crypto can boast of is safety and security. These programs use cryptographic encryption, which ensures the reliability of saving users’ assets.

Benefits of Decentralized Applications

dApps gained popularity for a reason. After all, each such program has some advantages over traditional ones. One important advantage is the privacy of dApp applications. The use of blockchain technology allows users to use the application without providing or linking their data. Another advantage is the possibility of dApp management. It is no longer necessary to wait for feedback from the regulator — each user can meet his needs independently. Another advantage is flexibility in the development of dApps. Because most dApp are developed on the Ethereum blockchain, users can create new ones profitable way. In addition, the fact that all data is stored in the blockchain allows you to replay and review each transaction, which emphasizes the integrity of data in dApps. Besides, decentralized games also stimulate the industry well.

What Is the Difference Between a Centralized and Decentralized App?

First of all, you need to realize that a kind of dissatisfaction with centralization has made many blockchain enthusiasts want to develop decentralized applications. The difference between centralized and decentralized finance applications is quite simple and lies in the names of the technologies. Any centralized application was developed by one company. It doesn’t matter if it’s a small firm or a monopoly. A centralized company always has an owner who controls the servers, development, release, and updates of the application. Each user can only interact with the functionality that was prepared for him but without the ability to influence or change it. dApp application, on the contrary, involves the user in the process itself and does not rely on the decision of the company that developed the product.

Examples of Decentralized Applications

Today there are many different and successful dApps. Some have already gained their popularity some are just gaining it. For example, Peepeth is a social network that acts as an alternative to Twitter. TraceDonate is a successful example of collaboration between charitable foundations and organizations that care for the disadvantaged and needy. Cryptokitties is an NFT game that allows millions of users worldwide to create, monitor, buy and sell their own NFTs.

Of course, it is worth mentioning our favorite lagoon. OctoGamex NFT Marketplace is a prime example of a decentralize applications blockchain supporting platform that provides services related to gaming NFTs. Everyone can feel personal freedom in the decisions made and no burdens from the company. We provide an opportunity for users to interact with each other without involving intermediaries. Maybe it’s time to become an Octie?

About Decentralized Games

First of all, it is necessary to understand the meaning of the term. So, decentralized gaming is any game based on the blockchain principle. It ensures transparency of in-game operations and the ability to confirm ownership. Unlike centralized games, decentralized games allow players to directly influence the future of the game, its development, and its direction. In addition, blockchain games encourage and enable players to earn from special game mechanics.

How Does DeFi Games Help to Upgrade dApp Industry?

It is hard to imagine today’s crypto space without the DeFi and blockchain gaming industry. Many crypto-enthusiasts and ordinary gamers have begun to master this industry. Decentralized games due to their main functions are gradually changing the video game industry as a whole. After all, every player is interested in creating a comfortable product in which he can have fun and earn money. The growth of interest in blockchain games directly affects the development of dApps and the NFT industry. In general, these concepts are often seen as identical. For example, a game was created mainly related to the NFT collection. Users can create unique characters with different characteristics and skills and thereby influence the game process. Add to this constant communication within the community, and the application is created. You will get a modern gaming based on blockchain technology. With the help of dApp games, gamers around the world realized that you don’t need to be a monopoly to produce bestsellers. More and more often, blockchain indie games are becoming a real hit, attracting an increasingly large audience. In this way, DeFi games to play influence dApp games, improving the infrastructure of the entire industry. Another stimulating factor is DeFi game tokens, which are distributed in all blockchain games, and affect the monetization and popularity of the game.