Why is it Important to Understand dApp?

Eliana Ward Published on 14 November 2022

Understanding Decentralized Applications (dApps) is crucial for someone who wants to stay relevant as an investor in the blockchain arena. The dApp concept will be applicable to many companies, both large and small, that have not yet been developed in a commercially viable manner because of the inherent benefits of decentralized applications (dApps): They are fast-growing, open-source technologies that remove the power and control from a single entity.


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In the context of cryptocurrencies, dApps run on a blockchain network in a public, open-source, decentralized environment and are free from control and interference by any single authority. For example, a developer can create a Twitter-like dApp and put it on a blockchain where any user can publish messages. Once posted, no one—including the app creators—can delete