Overview
dApps are digital applications or programs that exist and run on a blockchain or P2P network of computers instead of a single computer. They are outside the purview and control of a single authority.
Key Characteristics
- Open Source: The source code is usually available for anyone to inspect.
- Decentralized: Data and records of operation are stored on a public, decentralized blockchain.
- Incentivized: Often uses cryptographic tokens to reward users or validators.
Use Cases
- DeFi: Decentralized finance platforms for lending and trading.
- Gaming: Games where assets are owned by players as NFTs.
- Social Media: Platforms where users control their data and content.