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DApp Definition

What is DApp?

The term, DApp is the abbreviation of Decentralized Application.  These applications are build to run on decentralized blockchains, rather than the traditional method of building applications to run on centralized servers or networks.

Decentralized applications typically store data on blockchains for use within the application.  Ethereum is the most common platform for developers to create a DApp.  Data from the application is stored on the blockchain in the form of a cryptographic token.  The creation of a token on the Ethereum blockchain through a smart contract is easier and more secure than a developer forking a blockchain to develop on top of.  Ethereum charges “gas” or a fee for transactions on the blockchain.  This fee is then given to the miners or stakeholders.


Related Terms

What Are Bitcoin Futures and How Do They Work? Bitcoin futures were created as a hedge against the future price of the asset. It it allows for traders to short the currency without actually owning any. 
Block in a Blockchain A block in Bitcoin or on a blockchain is a group of transactions bundled together that will be placed on the blockchain as public record.
Smart Contract Definition A smart contract is a coded contract that is stored on the blockchain.  The contract, once signed, can not be altered and will execute on the programmed conditions. 
What is a Blockchain and Why it’s Important? Blockchain is the system that underpins Bitcoin and all the other cryptocurrencies. This techology has the chance to shape many new and old industries.