Decentralized Application (Dapp).

An application built on top of a blockchain network and operating using decentralized protocols. Dapps have some unique features that distinguish them from centralized applications:

Open Source: the code is available for anyone to view, check and verify.

Decentralized: the code is owned by the community rather than a centralized company or individual.

Dapps enable users to leverage the capabilities of Web3. Unlike centralized applications, users do not need a unique username or password to interact with dapps. Users simply connect their wallet to the dapp.

What are some examples of Dapps?

There are many different categories of dapps, here are some common examples:

NFTs: NFT marketplaces allow users to buy, sell, mine and create NFTs.

DeFi: DeFi dapps allow users to access decentralized financial applications for activities such as crypto lending and borrowing.

DEXs: Decentralized exchanges or DEXs are a type of DeFi dapp that allows users to trade peer-to-peer cryptocurrencies.

Games: Gaming Dapps allow users to claim ownership over the characters, items and experiences within the games they play.

Social: Social Dapps allow users to monetize their communities and reward content creators who create valuable content.

Crypto Tools: Crypto tool dapps allow users to perform various actions, such as tracking the performance of their investments or the rarity of their NFTs.