A Decentralized Application (DApp) is a software program that operates on a blockchain or peer-to-peer (P2P) network of computers, rather than being hosted on a single computer or server. This decentralized architecture allows DApps to run autonomously without the control of any single authority, making them resistant to censorship and interference. DApps are typically built on blockchain platforms like Ethereum, which supports smart contracts—self-executing contracts with the terms of the agreement directly written into code.
DApps are characterized by several key features:
Decentralization: Unlike traditional applications, which operate on centralized servers, DApps run on a distributed network, usually a blockchain. This ensures that the application is not under the control of a single entity and can operate in a trustless environment where transactions and data are verifiable by all participants.
Open Source: Most DApps are open source, meaning their source code is available for anyone to review. This promotes transparency and allows the community to contribute to the development and improvement of the application.
Incentivization: DApps often have a built-in economic model that rewards users or validators with cryptocurrency or tokens for their contributions to the network, such as securing the network or providing computational resources.
Smart Contracts: DApps utilize smart contracts to automate transactions and enforce the rules of the application without ...
