What Is a DApp?

A decentralized application, or DApp, is an app that runs on a blockchain. By leveraging the features of the blockchains on which they’re built, DApps can offer greater security, transparency, and autonomy than traditional apps. This is achieved by distributing control to multiple participants. So when you use a DApp your information isn’t controlled by a single company or server, they are recorded on the blockchain and verified by multiple nodes in the network.

Let’s take a closer look at a social media DApp. When you post something, it's now stored on the blockchain where it's visible to everyone on the network. This differs from regular social media apps where your information is stored on a centralized database owned by a company. With multiple computers verifying the information, it becomes difficult for the creator of the application to manipulate or monetize your data.

DApps can have different purposes and functions. Some focus on financial transactions, such as DeFi or payment systems where you can send money directly to others without relying on a bank. Others may be related to gaming, supply chain management, voting systems, or even the creation of digital art and collectibles.

How do DApps work?

DApps are applications powered by smart contracts. Their back-end code runs on distributed peer-to-peer networks. A smart contract works as a set of pre-defined rules enforced by computer code. When and if certain conditions are met, all network nodes perform the tasks specified in the contract.

Once a smart contract is deployed on the blockchain, it is difficult to change or destroy the code. Therefore, even if the team behind the DApp has disbanded, users can still access and use the DApp.

https://s.binance.com/yZil6aTH