The name for apps which run on the blockchain might not be very surprising, as it is “Decentralized Applications”, or Dapps. These applications represent a shift away from traditional centralized systems, offering more transparency, security, and accessibility.. In this blog post, we’ll give you a short introduction into Dapps and what their characteristics are.
Decentralized Applications, or DApps, are software applications built on blockchain networks, typically utilizing smart contracts to facilitate their operations. Most Dapps run on Ethereum.
You can view them as an app in the Playstore, which you can install on your phone. Only instead of running on IOS (Apple) or Android, it runs on the blockchain. You don’t always have to install any software, but rather you login with your wallet. Of course some application might require the installation of software.
Key Characteristics of Crypto Dapps:
Examples of Dapps:
There are a broad variety of usecases for dapps. Like apps can have different usecases as well. Earlier we arlready stated that almost all applications are dapps. So let’s take a look at some different areas for which dapps can be made.
Challenges and Downsides
Dapps do have some issues which they can run into.