What is a DApp?
A DApp is a decentralized application or a Blockchain application that works exactly as the name suggests, i.e. instead of a centralized client-server, it runs on various servers scattered around the world – all acting as nodes – providing unseen security, faster uptime and enables entirely new business models.
A DApp is an application whose server-client models are truly decentralized while other applications are Centralizes or Distributed as illustrated in the figures and list of criteria given below:
Criteria for an application to meet decentralization:
- A decentralized app is open source and autonomous, meaning that any change can only be executed by consensus and there is no single body holding a majority of tokes in the network.
- Protocols and Data are stored cryptographically in a Blockchain
- The cryptographic tokens are used for rewarding network users as well as for application access.
- Tokens are generated using an algorithm that encourages contribution to the system by members of the network.