Decentralized Applications (dApps)
Oct 16, 2024
What are Decentralized Applications (dApps)?
Decentralized Applications, or dApps, are applications that run on a blockchain or a decentralized network. Unlike traditional apps that operate on centralized servers, dApps leverage smart contracts to function without a central authority, providing enhanced security, transparency, and resilience.
How dApps Work?
dApps use smart contracts to execute their operations. These contracts are self-executing codes stored on the blockchain, which automatically enforce the rules and conditions written within them. Once deployed, smart contracts cannot be altered, ensuring that dApps run as programmed without interference.
Benefits of dApps
Transparency: All transactions and processes are recorded on the blockchain, making them visible to all users and ensuring trust.
Security: Decentralization reduces the risk of single points of failure, making dApps more resistant to hacks and downtime.
Censorship Resistance: Without a central authority, dApps cannot be easily censored or controlled by any single entity.