What are dApps? (Decentralized Applications) #shorts

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The global blockchain industry is expected to reach $69 billion by 2027. Decentralized applications (dApps) play a critical role in putting blockchain technology to work. There are now over 3600 dApps spanning various domains, compared to just 25 in 2015. They use the same technology to render the page on the frontend as they do for traditional apps. The dApp frontend's digital wallet also helps in the processing of backend or smart contract functionality.

Traditional web apps that operate on a blockchain network are typically known as decentralized applications (dApps). Wallets are in charge of activating smart contracts or the backend of dApps. Smart contracts are programmable code that's tailored to specific use cases; therefore, dApps may be used for various functions.

Benefits of decentralized apps include increased availability, privacy, and security. Users have unlimited freedom with dApps since they are not controlled by a single person or group. There's no need for a central authority to oversee the operation of a dApp because the smart contract handles everything. Augur, BitTorrent, and Golem are some of the most well-known dApps today. The key to understanding dApps is to understand how the blockchain plays a role in its backend.