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What are decentralized apps (Dapps)?

To put it simply, imagine you have a regular app on your phone that you use to play games or chat with friends. Now, think of a Dapp (Decentralized App) as a special kind of app, but it works a bit differently.

In a Dapp, the cool stuff happens on a decentralized network, like a group of friends playing a game together without needing a boss or organizer. This network is often based on blockchain technology, which is like a super secure and transparent digital system.

So, a Dapp is an app that doesn't rely on a single company or person to control it. It's more like a digital hangout where everyone follows the same rules, and no one person is in charge. It's all about sharing and working together in a fair and transparent way. Whether it's a game, a social platform, or something else, Dapps aim to bring people together in a decentralized and open digital space.

Dapps, are applications built on a decentralized network such as [Ethereum. These applications allow users to interact with Web3. Popular Dapps include OpenSea (NFT marketplace), Uniswap (decentralized exchange or DEX), Olympus DAO (decentralized finance or DeFi), and Skyweaver (blockchain gaming), among many others.

Updated on: 02/01/2024

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