Decentralised Application (Dapp)

A Decentralized Application (Dapp) is a software application that operates on a blockchain, allowing it to run autonomously without the need for centralized control. Dapps leverage smart contracts to execute transactions and facilitate peer-to-peer interactions, offering greater security, transparency, and censorship resistance compared to traditional applications. Dapps are used in a variety of sectors, including finance, gaming, and social networks, contributing to the growing ecosystem of decentralized technology.

Unlike traditional apps that rely on centralized servers and control, Dapps are built on decentralized networks, meaning they are resilient to downtime and interference. Users interact directly with the blockchain through smart contracts, removing the need for intermediaries. This structure not only enhances trust but also ensures that user data remains secure and private.