Decentralized Applications: The Blockchain-Empowered Software System
Wei Cai, Zehua Wang, Jason B. Ernst, Zhen Hong, Chen Feng, Victor C.M., Leung
TL;DR
This paper reviews the development and current state of decentralized applications (dApps) on blockchain, highlighting their importance, recent advancements, and future directions amidst the hype and challenges of blockchain technology.
Contribution
It provides a comprehensive survey of existing dApps, discusses blockchain development trends, and offers insights into the future potential of blockchain-based decentralized applications.
Findings
Overview of current dApp research and applications
Analysis of blockchain development trends
Identification of future challenges and opportunities in dApps
Abstract
Blockchain technology has attracted tremendous attention in both academia and capital market. However, overwhelming speculations on thousands of available cryptocurrencies and numerous initial coin offering (ICO) scams have also brought notorious debates on this emerging technology. This paper traces the development of blockchain systems to reveal the importance of decentralized applications (dApps) and the future value of blockchain. We survey the state-of-the-art dApps and discuss the direction of blockchain development to fulfill the desirable characteristics of dApps. The readers will gain an overview of dApp research and get familiar with recent developments in the blockchain.
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