Introduction to Decentralized Applications (DApps)

Decentralized Applications, or DApps, are digital applications that run on a blockchain or peer-to-peer network of computers instead of a single computer. They are designed to be transparent, resistant to censorship, and operate without a central authority.

Key Features of DApps

• Open-source: The source code is available for scrutiny
• Decentralized: Operates on blockchain or P2P networks
• Incentivized: Uses cryptographic tokens for rewards
• Protocol-driven: Follows specific rules for operation

Types of DApps

1. Finance (DeFi)

• Decentralized exchanges (DEXs): Uniswap, SushiSwap
• Lending platforms: Aave, Compound
• Yield farming: Yearn Finance

2. Gaming

• Blockchain-based games: Axie Infinity, CryptoKitties
• Gambling platforms: FunFair

3. Social Media

• Decentralized social networks: Steemit, Minds
• Content platforms: Audius (music), LBRY (video)

4. Storage and Computing

• Decentralized storage: Filecoin, Storj