Decentralized Applications

A decentralized application is an autonomous application that operates on a peer-to-peer blockchain and is focused on enhancing transparency and security. It is not controlled by any single authority and doesn’t have a single point of failure. dApps are powered by smart contracts designed to execute themselves when pre-determined conditions are met. Decentralized applications are helpful in multiple industries, such as decentralized finance, healthcare, real estate, and supply chain management.