Decentralized applications, or dApps, are digital applications or programs that run on a blockchain or a peer-to-peer (P2P) network of computers instead of a single computer, making them more secure and resistant to censorship. DApps, which are often built on platforms like Binance Smart Chain, are outside the control of a single authority, providing more freedom and transparency.
CVIP is offering multiple dApps including finance, gaming, and project sales like Initial Liquidity Offering (ILO) and Initial Decentralized Exchange Offering (IDO).
ADVANTAGES OF DECENTRALIZED LAYER
Decentralized applications—also known as "dApps" or "dapps"— are digital applications that run on a blockchain network of computers instead of relying on a single computer.
Because dApps are decentralized, they are free from the control and interference of a single authority.
The benefits of dApps include the safeguarding of user privacy, the lack of censorship, and the flexibility of development.
Drawbacks include the potential inability to scale, challenges in developing a user interface, and difficulties in making code modifications.
Cvip consists of multiple programs, first of all, the smart contracts are based on Binance Smart Chain (BEP20). Which is a fork of the Ethereum Protocol.
Ethereum is a programmable blockchain. Rather than give users a set of pre-defined operations (e.g. bitcoin transactions), Ethereum allows users to create their operations of any complexity they wish. In this way, it serves as a platform for many different types of decentralized blockchain applications, including but not limited to cryptocurrencies.
BINANCE PROTOCOL is a fork of Ethereum protocol so all they are providing is Ethereum Protocol and routes just it is the latest fork to increase the speed of transactions and work on the Fees system so that in the future Binance Smart Chain (BEP20) won’t face the same issues as Ethereum is doing nowadays because of the gas prices.
Binance Chain is a Tendermint‐based protocol built using portions of the Cosmos SDK. Binance Smart Chain is connected to Binance Chain by two relayers. The BSC Relayer passes communications from the Binance Chain to the Binance Smart Chain (such as token transfers, refunds, or staking transactions