Decentralized Application (dApp)
A decentralized application (dApp) is a software application that runs on a decentralized network, such as a blockchain. dApps are designed to be resistant to censorship and tampering, as they are not controlled by a single central authority.
dApps are built on decentralized platforms, such as Ethereum, and they use smart contracts to execute their functions. Smart contracts are self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code. They are stored on the blockchain and are executed automatically when certain conditions are met.
dApps can be used for a wide range of applications, including financial transactions, supply chain management, and voting systems. They have the potential to disrupt traditional models and create more secure, transparent, and efficient systems.
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