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<h2 id="header-0">What is Decentralized Application (dApps)?</h2>An open source software application that is distributed on a <a href="https://coinedition.com/what-is-blockchain-everything-you-need-to-know/" rel="noopener noreferrer nofollow">peer-to-peer (P2P) blockchain network</a> rather than on a single computer is called decentralized application or dApp. The decentralized apps are smart contract-powered versions of apps popularized by and built on the <a href="https://coinedition.com/what-is-ethereum-complete-guide-to-the-2nd-largest-blockchain-project/" rel="noopener noreferrer nofollow">Ethereum network</a>.According to blockchain pioneer David Johnston’s <a href="https://github.com/DavidJohnstonCEO/DecentralizedApplications" rel="noopener noreferrer nofollow">book</a> “The General Theory of Decentralized Applications, Dapps”, for an application to be considered a dApp it must meet the following criteria:<ol><li>The application must be completely open-source, it must operate autonomously, and with no entity controlling the majority of its tokens. The application may adapt its protocol in response to proposed improvements and market feedback but all changes must be decided by consensus of its users.</li><li>The application must use a <a href="https://coinedition.com/what-is-cryptocurrency-a-complete-beginners-guide/" rel="noopener noreferrer nofollow">cryptographic token</a> (bitcoin or a token native to its system) which is necessary for access to the application and any contribution of value from (miners/farmers) should be rewarded in the application’s tokens.</li><li>The application must generate tokens according to a standard cryptographic algorithm acting as a proof of the value nodes are contributing to the application.</li></ol><a href="https://coinedition.com/what-is-decentralized-application-dapps-everything-you-need-to-know/" rel="noopener noreferrer nofollow">See the Original CoinEdition </a>

What Is Decentralized Application (dApps)? Everything You Need To Know

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