DAPP WORK IN CRYPTO COIN

Arrow

DApps are software applications that run on a decentralized network, such as a blockchain, rather than a centralized server.

Arrow

They use smart contracts, which are self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code.

Arrow

DApps allow for decentralized and trustless interactions between parties, removing the need for intermediaries or middlemen.

Arrow

 DApps often have their own cryptocurrency or token, which is used to facilitate transactions on the platform.

Arrow

 The token may have a specific use case, such as granting access to certain features or services within the DApp.

Arrow

 DApps can be used for a wide range of purposes, from gaming to finance to social media.

Arrow

 They are often built on top of existing blockchain platforms, such as Ethereum, and can interact with other decentralized applications and smart contracts on the same network.

Arrow

DApps are typically open source, meaning anyone can view and contribute to the codebase.

Arrow

Hope you people found the story informative. For more such interesting stuff, click on the link given below

Arrow