Decentralized Application (dApp)

A decentralized application (dApp) is software that runs on a decentralized blockchain network instead of a central server. It operates autonomously, using smart contracts, which are self-executing contracts where the terms of the agreement are written directly into code. dApps are popular for their transparency, security, and resistance to censorship, as they don't rely on a single point of control. dApps can be used for various applications, such as finance, gaming, and social media.

Example

Uniswap, a decentralized exchange (DEX), allows users to trade cryptocurrencies directly from their wallets without intermediaries, making it a prime example of a dApp.