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DApp
(Decentralized Application)
A DApp (Decentralized Application) runs on a blockchain or peer-to-peer network rather than centralized servers. Built on platforms like ETH, DApps use smart contracts for trustless execution - popular examples include Uniswap and CryptoKitties.
Key DApp features: open-source code, cryptographic tokens, and decentralized consensus. There are ~4,000 active DApps across DeFi, gaming, and social media. Daily DApp users surpassed 2.5 million in 2023. Unlike traditional apps, DApps can't be shut down by single entities but face scalability issues (Ethereum processes ~15 transactions/second vs Visa's 24,000). The DApp ecosystem is central to Web3 development.
Key DApp features: open-source code, cryptographic tokens, and decentralized consensus. There are ~4,000 active DApps across DeFi, gaming, and social media. Daily DApp users surpassed 2.5 million in 2023. Unlike traditional apps, DApps can't be shut down by single entities but face scalability issues (Ethereum processes ~15 transactions/second vs Visa's 24,000). The DApp ecosystem is central to Web3 development.