Journal Entry: Shane Andrew Smith-11/26/2024-Lesson 9: Decentralized Applications

Journal Entry

Critical Thinking Response:

  1. DApps are hosted on decentralized blockchains as opposed to web applications hosted on private servers. Benefits of DApps is more transparency and fewer human erros.
  2. Having DeFI and NFT’s opens the door for people to access markets, investments, and “money” that they might not have had before or felt comfortable accessing previously.
  3. Working for companies who are in the blockchain and smart contract space is one way to build income, another is to use those applications to sell your products or services. You can also invest directly in those tokens or companies.

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