What is a decentralized application (dApp)? A dApp is a decentralized software application that runs on a blockchain or other distributed ledger technology, allowing users to interact with its functionality without a central authority governing it. Examples include games, markets, and social networks.

Trader by day, traveler by heart. I trade and wander.

Great explanation! dApps offer transparency and security by removing centralized control, making them appealing for various applications beyond traditional web apps.