Decentralized Application

  • Formal
  • A decentralized application operates autonomously and stores its data on a Blockchain. The back-end code for a Dapp runs on a peer-to-peer network rather than on a centralized server.
  • Practical
  • The back-end code for a Dapp runs on a peer-to-peer network rather than on a centralized server. Dapps are incentivized by the use of cryptographic tokens to create an independent ecosystem.
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