DApps, short for Decentralized Applications, are software applications that run on a decentralized network or blockchain platform. Unlike traditional applications that run on centralized servers controlled by a single entity, DApps operate on a peer-to-peer network of computers, making them more flexible, transparent, and resistant to censorship.
Key features of DApps include:
Decentralization:
DApps are not controlled by a single central authority. Instead, they rely on a network of nodes (computers) to validate and process transactions.
Transparency:
All interactions and transactions within the DApp are recorded on the blockchain, making the data publicly accessible and verifiable.
Security:
The decentralized nature of DApps enhances their security by eliminating a single point of failure and reducing the risk of hacks and cyber attacks.
Open source:
DApps are often developed as open source projects, meaning that their source code is publicly accessible, encouraging collaboration and peer review.
Token integration:
Many DApps use tokens or cryptocurrencies built on the blockchain platform, which can serve various purposes, such as access, voting rights, or working through in-app exchanges.
DApps can serve a wide range of purposes, including financial services, gaming, supply chain management, social networking, and more. One of the most popular examples of a DApp is Ethereum, a blockchain platform that allows developers to create and deploy smart contracts and DApps on its network.
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