DApps, or Decentralized Applications, are applications that run on peer-to-peer networks like blockchain rather than on centralized servers. They offer users greater transparency, security, and control over their data.
Key Features
(1) Decentralized: Runs on a blockchain or distributed ledger.
(2) Secure: Immutable data storage and cryptographic security.
(3) Transparent: Open-source, with data and code accessible to all.
(4) Censorship-resistant: No central authority can control or alter the application.