What is ‘DApp’?

Dapp stands for “Decentralized Application” and refers to an application that operates based on a blockchain or decentralized P2P network rather than a central server. Unlike typical web applications, Dapps store and execute data and code distributed across multiple nodes rather than stored on a central server.

Key Features

1. Decentralization: Dapps do not have a central server; their data and code are distributed across multiple nodes.
2. Irreversibility and Integrity: In the case of blockchain-based Dapps, transactions once executed cannot be changed and their integrity is guaranteed.
3. Transparency: All transactions and code stored on the blockchain are public and can be verified externally.
4. Security: Because it operates on distributed nodes, it is more resistant to hacking than a centralized system.
5. Incentive Mechanism: Most Dapps have a built-in incentive mechanism that offers tokens as rewards for certain activities.
6. Autonomy: Automated conditional execution is possible using smart contracts, which creates many situations where intermediaries are not needed.

Application field.

1. Financial services: Decentralized Finance (DeFi) is a prime example. Financial transactions are possible without a central bank or financial institution.
2. Games and Entertainment: Game items can be tokenized and traded.
3. Digital Identity: Stores identity information on the blockchain, allowing individuals to have access to their information.
4. Social Media: More transparency over ownership of user data and content distribution.
5. Supply chain management: Prevent counterfeiting and illicit trade by transparently tracking the origin of goods.