dApps (Decentralized Applications) are decentralized applications that run on blockchain networks like Ethereum, Binance Smart Chain, and others. Unlike traditional apps, dApps are not controlled by a central server or a single organization. Instead, they operate on decentralized networks, providing transparency, resistance to censorship, and security.

Key Characteristics of dApps:

1. Decentralization:

dApps run on a blockchain or other distributed system, where data and operations are distributed among network nodes, eliminating central control.

2. Smart Contracts:

dApps use smart contracts — programmable codes that automatically execute the terms of transactions or operations in the network without the need for intermediaries.

3. Open Source:

The source code of dApps is typically available for public review and can be audited for security and functionality.

4. Tokenomics:

dApps often use their own tokens to perform various functions within the app, such as paying for services, staking, or voting.

5. Censorship Resistance:

Since dApps operate on decentralized networks, they are harder to censor or block by governments or corporations.

Examples of dApps:

1. DeFi (Decentralized Finance):

Platforms that offer financial services without the need for banks, such as cryptocurrency exchanges, lending, and staking (e.g., Uniswap, Aave).

2. Games:

Blockchain-based games with NFT elements, where players can own, trade, and earn from their in-game assets (e.g., Axie Infinity).

3. Social Networks:

Decentralized social networks, such as Lens Protocol, that are not subject to centralized control and data monetization.

dApps open up new opportunities for creating and using applications without reliance on central intermediaries, making interactions safer and fairer for users.