Decentralized Application (DApp)

Decentralized Application (DApp) is a software application that operates on a blockchain network. It is designed to be open-source, meaning its code is publicly accessible for anyone to view, use, or modify. DApps leverage smart contracts to automate processes and execute transactions without the need for intermediaries, ensuring transparency and security. Unlike traditional applications, DApps are decentralized, meaning they are not controlled by a single entity. This autonomy reduces the risk of censorship and downtime. They are commonly used in various sectors, including finance, gaming, and social media, to provide users with innovative, trustless solutions.