DApp

DApp stands for Distributed Application.

A decentralized application is an application which serves some specific purpose to its users, but which has the important property that the application itself does not depend on any specific party existing. Rather than serving as a front-end for selling or providing a specific party's services, a Đapp is a tool for people and organizations on different sides of an interaction use to come together without any centralized intermediary.

The application's data and records of operation must be cryptographically stored in a public, decentralized blockchain in order to avoid any central points of failure.

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