In recent years, the rise of blockchain technology has paved the way for groundbreaking innovations in the realm of decentralized systems. Among the revolutionary concepts areand protocols. While both are integral components of the decentralized ecosystem, they serve distinct purposes and play different roles.
This article explores the contrasting characteristics of DApps and protocols, shedding light on their respective functionalities and importance in the world of decentralized technologies.Software programs that run on a decentralized network of computers rather than a centralized server are known as decentralized applications or DApps. They make use of blockchain technology to guarantee immutability, security and transparency.
Like traditional applications, DApps are designed to have front-end and back-end components. Users can interact with the application using the front-end interface, while the back-end, also known as the smart contract, is deployed on the blockchain. The smart contract executes the application’s logic and securely handles data.
The decentralized structure of DApps sets them apart. As a result, there is no single point of failure because they do not rely on a single organization or central authority. The blockchain network distributes transactions and data, making them unchangeable and censorship-resistant.These applications offer financial services, such as lending, borrowing and trading without intermediaries. Popular DeFi apps include Uniswap and Compound.
DApps are end-user applications that provide specific services and functionalities within the decentralized ecosystem.
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