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Decentralized Application (dApp)

A decentralized application (dApp) is software that runs on a decentralized blockchain network instead of a central server. It operates autonomously, using smart contracts, which are self-executing contracts where the terms of the agreement are written directly into code. dApps are popular for their transparency, security, and resistance to censorship, as they don't rely on a single point of control. dApps can be used for various applications, such as finance, gaming, and social media.

Example

Uniswap, a decentralized exchange (DEX), allows users to trade cryptocurrencies directly from their wallets without intermediaries, making it a prime example of a dApp.

Key points

• Operates on blockchain, ensuring transparency and security.

• Uses smart contracts to automate processes.

• Resistant to censorship and tampering.

Quick Answers to Curious Questions

Traditional apps rely on centralized servers, while dApps run on decentralized blockchains, giving users more control and privacy.

dApps use blockchain’s cryptographic security features, making them resistant to hacks and unauthorized tampering.

Yes, dApps are often open-source, and developers can build on existing code or create new decentralized applications.
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