{"id":109983,"date":"2018-02-17T12:53:21","date_gmt":"2018-02-17T10:53:21","guid":{"rendered":"http:\/\/www.myza.co.za\/learn-how-bitcoin-works-what-is-a-decentralized-application-lesson-40\/"},"modified":"2018-02-17T12:53:21","modified_gmt":"2018-02-17T10:53:21","slug":"learn-how-bitcoin-works-what-is-a-decentralized-application-lesson-40","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/learn-how-bitcoin-works-what-is-a-decentralized-application-lesson-40\/","title":{"rendered":"Learn How Bitcoin Works-What is a Decentralized Application-Lesson 40"},"content":{"rendered":"<p><a target=\"_blank\" target=\"_blank\" rel=\"nofollow\" href=\"http:\/\/mypr.co.za\/learn-how-bitcoin-works-what-is-a-decentralized-application-lesson-40\/\">Learn How Bitcoin Works-What is a Decentralized Application-Lesson 40<\/a>: <\/p>\n<p><iframe class='youtube-player' type='text\/html' width='740' height='447' src='http:\/\/www.youtube.com\/embed\/YgqF0JIAc1U?version=3&#038;rel=1&#038;fs=1&#038;autohide=2&#038;showsearch=0&#038;showinfo=1&#038;iv_load_policy=1&#038;wmode=transparent' allowfullscreen='true' style='border:0;'><\/iframe><\/p>\n<p>If you want to purchase Bitcoin as an investment and you want to join the BitClub Network Company, so that BitClub can mine Bitcoin and other Crypto Currency on your behalf to grow a stable and increasing investment for you, please join BitClub for free at <strong><span style=\"color: #0000ff;\">http:\/\/bitclub.network\/clydethorburn<\/span><\/strong>. Once you join, you will be set up with a free lead account and receive follow up emails detailing how you can create a Bitcoin investment account with The BitClub Network. For any answers to questions contact Clyde Thorburn at <strong><span style=\"color: #0000ff;\">http:\/\/clyde-thorburn-seo-specialist-johannesburg.strikingly.com\/#contact-clyde-thorburn<\/span><\/strong>.<\/p>\n<p>Author : Coindesk : Alyssa Hertig.<\/p>\n<p>What is a Decentralized Application? Internet users don&#8217;t have sole control over the data they share on today&#8217;s websites. Ethereum is unique in that it attempts to wield the blockchain as a way to correct what its designers believe is a problematic part of the internet&#8217;s design. It&#8217;s like a \u201cdecentralized app store\u201d where anyone can publish their unstoppable apps (dapps), which unlike today\u2019s apps (think Gmail or Uber) don\u2019t require a middleman to function or to manage a user\u2019s information. Dapps connect users and providers directly. One example is to use this design for a decentralized Twitter that\u2019s resistant to censorship. Once you publish a message to the blockchain, it can\u2019t be erased, not even by the company that created the micro blogging system. There isn\u2019t one definition of a dapp, though, as it\u2019s a newer concept. A couple of main characteristics are that they&#8217;re open source and don&#8217;t have a central point of failure. Three types. With this new technology out in the wild, Ethereum advocates might feel electrified by the thought of decentralizing &#8220;all the things.&#8221; But the types of applications that users can build with the computing platform might be somewhat narrow. The Ethereum white paper at https:\/\/github.com\/ethereum\/wiki\/wiki\/White-Paper#applications splits dapps into three types: apps that manage money, apps where money is involved (but also requires another piece), and apps in the \u201cother\u201d category, which includes voting and governance systems.<\/p>\n<p>In the first type of app, a user may need to exchange ether as a way to settle a contract with another user, using the network&#8217;s distributed computer nodes as a way to facilitate the distribution of this data. The second type of app mixes money with information from outside the blockchain. For example, a crop insurance application that&#8217;s dependent on an outside weather feed. (Say a farmer buys a derivative that automatically pays out if there&#8217;s a drought that impacts his work.) To execute, these smart contracts rely on so-called \u201coracles\u201d that relay up-to-date information about the outside world. (Though, it&#8217;s worth noting that some developers are skeptical at https:\/\/www.coindesk.com\/three-smart-contract-misconceptions\/ that this use case can be done in a decentralized way.) If bitcoin can do away with financial authorities, is it possible to do the same for companies and other types of organizations? Decentralized autonomous organizations are one particularly ambitious breed of dapp (this is explained further in &#8216;What is a DAO?&#8217;) at https:\/\/www.coindesk.com\/information\/what-is-a-dao\/. The goal is form a leaderless company, program rules at the beginning about how members can vote and how to release company funds and then&#8230; let it go.<\/p>\n<p>Read more about Bitcoin and The BitClub Network at <strong><span style=\"color: #0000ff;\">https:\/\/mypr.co.za\/learn-how-bitcoin-works-how-ethereum-works-lesson-39\/<\/span><\/strong>.<\/p>\n<p><strong>From:<\/strong> Clyde Thorburn<\/p>\n<p>CLICK HERE to submit a Video Press Release to MyPR.<\/p>\n<p><small><strong>Source:<\/strong> <a target=\"_blank\" rel=\"nofollow\" href=\"http:\/\/mypr.co.za\/learn-how-bitcoin-works-what-is-a-decentralized-application-lesson-40\/\">MyPR<\/a><\/small><br \/>\n<\/p>\n<p><a target=\"_blank\" target=\"_blank\" href=\"http:\/\/mypr.co.za\/submit\">Submit your own Press Release<\/a> or get free content for your publication.<\/p>\n<p><strong>Video &#8211; How to post your Press Release on MyPR:<\/strong><br \/>\n<iframe loading=\"lazy\" width=\"700\" height=\"394\" src=\"https:\/\/www.youtube.com\/embed\/9ovzdChGkuU\" frameborder=\"0\" allowfullscreen><\/iframe><\/p>\n<p><small>My Press Release (MyPR) provides free South African targeted content and press releases for on and off line publishers and media. Registering on MyPR enables public relations companies and practitioners to post articles under their own author name. Public Relations Companies and practitioners, event organisers, sports and political writers use MyPR as a distribution mechanism for their press releases, content, images and news. A forever free subscription allows publishers and media free access to all press releases, content and images on MyPR.<br \/<br \/>\nThis press release is courtesy of <a target=\"_blank\" target=\"_blank\" href=\"https:\/\/mypr.co.za\/>MyPR.co.za<\/a> and was automatically curated and published with <a target=\"_blank\" href=\"http:\/\/wprobot.net\/?ref=578\" target=\"_blank\">WP Robot<\/a> plugin &#8211; <a target=\"_blank\" href=\"http:\/\/wprobot.net\/?ref=578\" target=\"_blank\">CLICK HERE<\/a> to learn more about <a target=\"_blank\" href=\"http:\/\/wprobot.net\/?ref=578\" target=\"_blank\">WP Robot for WordPress<\/a> &#8211; a massive time and money saver.<\/small><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Learn How Bitcoin Works-What is a Decentralized Application-Lesson 40: If you want to purchase Bitcoin as an investment and you want to join the BitClub Network Company, so that BitClub can mine Bitcoin and other Crypto Currency on your behalf to grow a stable and increasing investment for you, please join BitClub for free at [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9021],"tags":[29423,12342,29422,4177,29195],"class_list":{"0":"post-109983","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-mypr","7":"tag-applicationlesson","8":"tag-bitcoin","9":"tag-decentralized","10":"tag-learn","11":"tag-workswhat","12":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/109983","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=109983"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/109983\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=109983"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=109983"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=109983"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}