DApp

DApp (decentralized application) is an application that runs on a blockchain and is governed by smart contracts without centralized control. Unlike traditional applications, a DApp stores data and executes computations on a decentralized network, ensuring transparency, censorship resistance, and independence from a single provider. DApps can use native or external tokens for user interactions and internal economies. They are utilized across various sectors, including DeFi, gaming, social networks, and decentralized data storage.