Illustration by Lena Podobed
Decentralized applications (dApps) are digital apps that act just like traditional apps, but built on the Ethereum blockchain.
Unlike a regular web app monitored by the company that made it, a DApp runs on its own. That means users need to put some money into the system to keep it going. Its data and records are public and not a single person can own or control the application once it's deployed.
A well-known dApp game that allows users to buy, breed and sell virtual cats. The cats represent unique NFTs - nobody can duplicate or steal them. The most expensive CryptoKitty was sold for $170,000.
What are decentralized applications (dApps)
A naming system that helps you create one simple, human-readable names (like ‘quirk.eth’) for all your public addresses, instead of an unreadable string of digits and letters that looks like gibberish for each of your crypto address.
A financial dApp where users can earn interests by depositing their crypto or take out loans using those deposits as collateral.
A marketplace where you can buy, sell and create new NFTs.
Join the 30,000+ people in our community and start your journey to financial independence.