We have already mentioned that dWill is a completely decentralized application, which means that the fundamental principles of its operation are different from how the services you are used to work.
After reading the text below, you will learn how decentralized services differ from centralized ones and how dWill works.
What is a decentralized application
Regular applications and services are centralized systems. It means that they have a server part that is responsible for executing the project logic and providing services to users. The code of centralized projects is completely private and can be changed at any time. Therefore, traditional financial services are in fact a black box using which you completely trust the people behind it. Such services may cease to exist at any time or turn into a scam project, which has happened many times even with major players in the cryptocurrency market.
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If the application is truly decentralized, it is in fact a fixed algorithm (smart contract) openly working in a public space (blockchain) The logic of such application is visible to everyone at any time, it cannot be changed, and it will work in the blockchain forever.
Thus, using centralized services you fully trust the project team, using decentralized services you trust the algorithm that can be verified.
How dWill works
Using dWill, you make a transaction from your wallet by signing a smart contract that implements the following logic:
"If there is no transaction from my wallet within time T, send my tokens to a trusted wallet W. And there is no other way."
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