dApp (Decentralized Application)
A software application that runs on a decentralized network like Ethereum, leveraging smart contracts for backend logic.
What is dApp (Decentralized Application)?
A decentralized application (dApp) is a software application that operates on a blockchain, such as Ethereum, rather than centralized servers. Its backend code runs on a decentralized peer-to-peer network, typically using smart contracts to execute logic automatically and transparently. dApps are designed to be open-source, trustless, and resistant to censorship, with data stored on the blockchain to ensure immutability and security. Examples include decentralized finance (DeFi) platforms like Uniswap and NFT marketplaces like OpenSea, which rely on Ethereum’s infrastructure for transactions and operations.
Related Terms
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A multi-signature smart contract wallet on Ethereum for secure, shared management of digital assets with customizable approval thresholds and recovery options.
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UK's Financial Conduct Authority framework requiring authorization for stablecoin issuance, with 100% backing by high-quality liquid assets.
Electronic Payment
A digital method for transferring funds without physical cash or checks, using electronic networks.
Arbitrum One Chain
An optimistic rollup Layer 2 for Ethereum, leading in DeFi TVL with advanced governance features.
CLOB (Central Limit Order Book)
A trading mechanism that matches buy and sell orders for assets based on price-time priority, commonly used in both traditional and decentralized exchanges.
Gas (Ethereum)
A unit measuring the computational effort required to execute transactions or smart contracts on Ethereum.