Decentralized API (dAPI)
Decentralized API (dAPI): API services that work within the blockchain technology are termed decentralized application programming interfaces (dAPIs). They are an invention of the API3 protocol.
What Is Decentralized API (dAPI)?:
In order to understand what a decentralized API is, you first need to know what an API (Application Programming Interface) is.
An API is basically a set of rules and standards that allow software programs to interact with each other. It allows developers to create applications that can communicate with each other. For example, if you have an app on your phone that sends your location to another app on your phone, then this is probably done via an API.
dAPI definition: If you are looking for the decentralized API meaning, then here is a simple description. A decentralized API is an alternative way of building apps that doesn't require you to use a centralized service like Facebook or Google's servers. Instead, it uses peer-to-peer technology so that no one company has control over all the data in the network.
Difference Between Centralized and Decentralized APIs:
When you're looking at the difference between centralized and decentralized APIs, it's important to understand that the difference is not just about location.
A centralized API will have a single point of failure, which means if something goes wrong with that particular server or database, it can bring down the entire system. A decentralized API will have multiple points of failure, which means if something goes wrong with one node/server/database, other nodes/servers/databases can still continue working.
A centralized API is also easier for hackers to attack because they only need to breach one node before they can access all of the data. In contrast, with a decentralized API, it's harder for hackers to get into any one node because they'd have to breach every single one of them at once.
Decentralized API (dAPI) FAQs:
What is dAPI?
Decentralized Application programming is a type of computer programming that allows for the creation of applications that operate without relying on a centralized server. This means that the application runs on multiple computers at once, rather than just one.
The way this works is by using blockchain technology, which allows for data to be stored on an unchangeable series of blocks that are distributed across all computers running the app.
What is a decentralized platform?
Decentralized platforms are a way of organizing a network that's not dependent on one central authority. They're usually decentralized in terms of ownership and/or decision-making power.
In the case of blockchain, it's a distributed ledger system with no single point of failure or control. In other words, there's no single company or server that controls the database everyone is using to record information—it's spread across thousands of computers all over the world.
The first major platform built on this technology was Bitcoin, which was released in 2009 by Satoshi Nakamoto. Today, there are hundreds of cryptocurrencies created using blockchain technology, each with different rules and uses for the currency itself.
What is API3?
API3 is an application programming interface (API) service that expands the Web API service to the blockchain by tackling smart contract compatibility issues faced by traditional APIs.
The traditional Web API is a way for applications to communicate with each other and is used in most modern websites and applications. However, because of its nature, it can only be used on one side of the communication channel. When you want to add a new feature to your existing Web API or create a new one, you need to develop it from scratch and release it as a separate component. This can be time-consuming and costly for users who need to update their apps to use your new Web API.
API3 solves this problem by making it possible for developers to create decentralized Web APIs using the same codebase as their centralized counterparts. The result is that companies can build their own decentralized Web APIs without having to pay expensive fees or hire expensive developers who are familiar with blockchain technology.