What Is Decentralized Application (dApps)? Everything You Need To Know
Decentralized applications, or dApps, are among the most significant innovations to emerge from the blockchain revolution. Unlike traditional apps that run on centralized servers, dApps operate on a peer-to-peer network, leveraging blockchain technology to provide transparency, security, and resistance to censorship. In this article, we’ll cover everything you need to know about decentralized applications—what they are, how they work, where they’re used, and why they matter.
What is a Decentralized Application (dApp)?
A dApp is like a regular app, but runs on the blockchain. Unlike traditional apps controlled by Google or Facebook, dApps are powered by smart contracts. The unique characteristics of dApp are discussed below:
Characteristics of a dApp
Open Source
The code is open for everyone, so that it can be viewed, and if any suggestions are made, they could be implemented. This creates a transparent environment where trust is built through openness rather than authority. It also encourages community-driven innovation and security auditing.
Decentralized
Instead of relying on a single server or entity, the dApp runs on a distributed network o…
The post What Is Decentralized Application (dApps)? Everything You Need To Know appeared first on Coin Edition.
What Is Decentralized Application (dApps)? Everything You Need To Know
Decentralized applications, or dApps, are among the most significant innovations to emerge from the blockchain revolution. Unlike traditional apps that run on centralized servers, dApps operate on a peer-to-peer network, leveraging blockchain technology to provide transparency, security, and resistance to censorship. In this article, we’ll cover everything you need to know about decentralized applications—what they are, how they work, where they’re used, and why they matter.
What is a Decentralized Application (dApp)?
A dApp is like a regular app, but runs on the blockchain. Unlike traditional apps controlled by Google or Facebook, dApps are powered by smart contracts. The unique characteristics of dApp are discussed below:
Characteristics of a dApp
Open Source
The code is open for everyone, so that it can be viewed, and if any suggestions are made, they could be implemented. This creates a transparent environment where trust is built through openness rather than authority. It also encourages community-driven innovation and security auditing.
Decentralized
Instead of relying on a single server or entity, the dApp runs on a distributed network o…
The post What Is Decentralized Application (dApps)? Everything You Need To Know appeared first on Coin Edition.