Decentralized Applications

By Kromatika | Kromatika Education | 15 Apr 2022

A decentralized application is a smart contract-based software application that stores data on the blockchain. Because DApps do not force you to expose your identity, you will be able to maintain a certain amount of privacy. The graphical user interface (GUI) of decentralized applications is optional, although any developer can construct his own GUI and communicate with the application's smart contract.

They can be used for a variety of things, including decentralized finance on a variety of protocols, trading NFTs, and playing P2E. All of these platforms are decentralized applications that use smart contracts on various blockchains to operate. The creation of new platforms and functionality has no limits. Furthermore, a development team's smart contract is publicly accessible once it is published on a blockchain. Anyone can use, edit, and improve the existing code to make it more efficient.

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