Decentralized Applications (Dapps): What’s the Deal?
By NOWPayments on The Capital
The rise of the cryptocurrency sector can be viewed as a revolution. Bitcoin was the first to jump into the fray, and it has led to the creation of an expanding industry. One of the most prominent cryptocurrency inventions is the decentralized application, known as Dapp. These are the web-equivalent applications for the crypto space as they are hosted on blockchains instead of the worldwide web, like the regular apps. What makes dApps different from the regular web apps is that a central organization does not operate decentralized apps. Their processes are unique, which makes it tough for some people to understand how they work. This post will look into what they are, analyze their history, the current state of dApps, and what the future holds for them.
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