BL-DAPP

DAPP, which stands for Decentralized Application, is a type of application that operates on a decentralized network, such as a blockchain. DAPPs, as opposed to traditional centralized applications, are powered by a decentralized network of users, making them more secure, transparent, and resistant to censorship.

DAPPs are notable for their ability to operate without a central authority or intermediary, instead relying on smart contracts to automate processes and execute transactions on the blockchain. This removes the need for third-party trust, making the application more reliable and secure. Furthermore, because the application is running on a decentralized network, attackers will find it more difficult to compromise the system or manipulate the data. DAPPs are classified into several types, each with its own set of characteristics and functionalities. Some DAPPs, such as cryptocurrency wallets, allow users to securely store and manage their digital assets without requiring the services of a third-party custodian. Decentralized exchanges, for example, allow users to trade cryptocurrencies without the need for a centralized exchange.