dApp

A dApp, short for decentralized application, refers to an application that operates on a decentralized network, typically utilizing blockchain technology. Unlike traditional applications that rely on a central server, dApps leverage the distributed nature of blockchain to provide enhanced transparency, security, and immutability. dApps are often open source and governed by smart contracts, which enforce the rules and logic of the application. They enable peer-to-peer interactions, allowing users to transact, share data, and engage in various activities without the need for intermediaries. dApps find applications in areas such as finance, gaming, supply chain management, and decentralized finance (DeFi), offering innovative and decentralized solutions to traditional centralized systems.