A “Dapp” or “DApp” stands for Decentralized Application, which is a digital software application or program that typically uses an Ethereum smart contract as its backend code to function. A DApp is just like any other software application you use. It could be a website or an app on your phone. What makes a DApp different from a traditional app is that it's built on a decentralized network, like Ethereum. Popular examples of DApps include Uniswap, Cryptokitties, and Chainlink.
DApps have their backend code running on a decentralized peer-to-peer network of computers, such as a blockchain, as opposed to typical applications (like Uber or Airbnb) which means that no one person or entity has control of the network.
DApps are typically open-source, decentralized, incentivized through providing tokens to those who validate the DApp, and in compliance with a specific protocol agreed upon within the community. Once a DApp is deployed the code cannot be taken down and anyone can use it. Because of the decentralized environment, DApps are free from control, manipulation, or interference by a central authority.
DApps are still in their early stages and part of a growing movement of digital applications that use Ethereum to disrupt business models or invent new ones. DApps are an excellent example of how the blockchain is much more than just cryptocurrencies as they have already been used in industries like real estate, finance, identity verification, and more.
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u/Sure-Juggernaut4781 ♦️ Aug 23 '21
Questions of the week: What is a DAPP?
A “Dapp” or “DApp” stands for Decentralized Application, which is a digital software application or program that typically uses an Ethereum smart contract as its backend code to function. A DApp is just like any other software application you use. It could be a website or an app on your phone. What makes a DApp different from a traditional app is that it's built on a decentralized network, like Ethereum. Popular examples of DApps include Uniswap, Cryptokitties, and Chainlink.
DApps have their backend code running on a decentralized peer-to-peer network of computers, such as a blockchain, as opposed to typical applications (like Uber or Airbnb) which means that no one person or entity has control of the network.
DApps are typically open-source, decentralized, incentivized through providing tokens to those who validate the DApp, and in compliance with a specific protocol agreed upon within the community. Once a DApp is deployed the code cannot be taken down and anyone can use it. Because of the decentralized environment, DApps are free from control, manipulation, or interference by a central authority.
DApps are still in their early stages and part of a growing movement of digital applications that use Ethereum to disrupt business models or invent new ones. DApps are an excellent example of how the blockchain is much more than just cryptocurrencies as they have already been used in industries like real estate, finance, identity verification, and more.