What are Dapps and how do they work?

Dapps stands for Decentralized Applications. Dapps are applications built using Decentralized technologies such as Blockchain, IPFS. The technological architecture of Dapps depends on the evolution in this field. But usually, Dapps comes with few properties.

What is a decentralized application (DApp)?

DApp is an abbreviated form for decentralized application. A DApp has its backend code running on a decentralized peer-to-peer network. Contrast this with an app where the backend code is running on centralized servers. A DApp can have frontend code and user interfaces written in any language (just like an app) that can make calls to its backend.

What is makerdao & Dapps?

MakerDAO is a decentralized credit service supporting the stablecoin Dai that allows users to open a collateralized debt position (CDP). Decentralized applications (dApps) are digital applications or programs that run on a decentralized network, rather than a single computer or server.

Where can I find a good Dapp?

A good place to start researching dapps is DappRadar, a website that lists thousands of dapps built on networks including Ethereum, BNB Chain and Polygon. Among the most popular dapps at present are decentralized finance ( DeFi) applications such as decentralized exchanges ( DEXs ).