What are DApps?
Dapps are Decentralized Applications that run on peer-to-peer networks or the blockchain. A standard app runs on a centralized server, while a decentralized app runs on a p2p network.
What makes a dApp?
Every record of operation, including the application’s data, must be stored on a decentralized platform. This is crucial to avoid a central point of failure.
The decentralized Ethereum application must be autonomous, which means no centralized authority should have control over its majority of tokens.
The application should use cryptographic tokens to let people access it. Also, if the developers make any contribution, they should be rewarded in the application’s tokens.
I.e. if the app’s name is Zengo and its tokens are ZNG like BTC, the contributors should be rewarded in ZNG, which they could later convert to BTC or USD.
Ethereum Dapp should generate tokens based on the standard cryptographic algorithm. This is a proof of value that nodes are contributing to the dapp.
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