What is a dApp?

A dApp, or decentralized application, is a software application that runs on a decentralized network. Decentralized networks are distributed networks that are not controlled by a single entity but rather by a network of users. Several key characteristics define a dApp: First, it is open-source: The codebase for a dApp is publicly available, and anyone can review and contribute to it. It is decentralized: A dApp runs on a decentralized network, such as a blockchain, which means that a single…