dApps

A decentralised application or software that is totally open source is known as a dApp. Unlike traditional apps, which run on a single network of computers, dApps run on a decentralised, peer-to-peer network over which no single party has complete authority. Information is constantly shared between participants in a peer-to-peer network. The larger the network’s number of players, the more powerful it grows. Users also provide the computer power required to maintain the network operational. They are compensated with tokens intrinsic to the platform to encourage them to do so.

The Ethereum blockchain is the main blockchain on which developers create dApps, and their policy document defines three types of dApps: apps that manage money, apps that involve money, and apps in the other category, which includes voting and governance systems.

 

 

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