By Dana Sanchez
Experts predicted that 2018 would be the year for Dapps — decentralized applications — in the crypto and blockchain tech space.
The term is so new that no one seems sure exactly how to spell or pronounce it. Is it Dapp? dapp? DApp? D-App?
“Dapps are all about the new internet, where apps are decentralized and users own their data,” tweeted Ryan Shea, who this week announced the launch of app.co, marketed as the first universal app store for DApps.
Since the Dapp concept of decentralized applications is still in its infancy, so are efforts to define it — or at least to come up with a single universally accepted definition. However, there are noticeable common features of DApps, according to Blockgeeks.
1. To be a Dapp, an app must be all these
- Open Source – Source code of app is available to all.
- Decentralized – Uses a blockchain-like cryptographic technology.
- Incentive – App has crypto-tokens/digital assets for fueling itself.
- Algorithm/Protocol – Generates tokens and has an inbuilt consensus mechanism.
2. Dapps are often defined by what they’re not
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