Acronyms Dictionary
DApp
Definition
Decentralized Application. An application that runs on a distributed computing system, usually a blockchain.
Deep Dive
DApps are digital applications or programs that exist and run on a blockchain or P2P network of computers instead of a single computer, and are outside the purview and control of a single authority.
Examples & Use Cases
- 1Uniswap, a decentralized exchange for trading cryptocurrencies
- 2OpenSea, a marketplace for buying and selling NFTs (Non-Fungible Tokens)
- 3Compound, a DApp for lending and borrowing crypto assets without a bank
Related Terms
Smart ContractWeb3Ethereum