DApps utilize blockchain technology to ensure decentralization, immutability, and transparency.
DApps can be built on various blockchain platforms such as Ethereum.
Key features of DApps include:
Decentralization: DApps operate on a decentralized network of computers (nodes), making them resistant to censorship and single points of failure. They are free from the control and interference of a single authority.
Transparency: Transactions and data on DApps are recorded on a public blockchain, allowing anyone to verify and audit them.
Immutability: Data stored on the blockchain is immutable, meaning it cannot be altered or deleted once recorded, ensuring data integrity.
Tokenization: Many DApps have their own native digital tokens, which are used for various purposes within the application, such as facilitating transactions, incentivizing users, or governing the protocol.
DApps have a wide range of applications across various industries, including finance, gaming, supply chain management, healthcare, and more. They offer potential benefits such as increased security, reduced costs, improved efficiency, and greater user control over their data and digital assets.
