Decentralized applications
1. Transparency: dApps are built on blockchain technology, which provides transparent and immutable records of transactions and interactions. This transparency helps build trust among users.
2. Security: Since dApps are decentralized, they are less vulnerable to hacking or single points of failure. The data is distributed across multiple nodes, making it more secure and resistant to attacks.
3. Elimination of intermediaries: Traditional applications often rely on intermediaries like banks or third-party platforms. dApps cut out the middleman, allowing for direct peer-to-peer transactions and reducing fees.
4. User control: With dApps, users have more control over their data and digital assets. They can decide how their information is used and can maintain ownership of their assets.
5. Global accessibility: dApps can be accessed by anyone with an internet connection, regardless of geographical location. This opens up opportunities for financial inclusion and access to services for people who may not have had them before.
