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What is dApp?

dApp stands for decentralized application and is a type of application built on a decentralized blockchain network, such as Ethereum or EOS. They operate on a peer-to-peer network, which allows users to interact with each other directly, without the need for intermediaries like banks or other financial institutions. dApps can be used for various purposes, including decentralized finance (DeFi) applications like lending, borrowing, and trading, as well as for gaming, social networks, and supply chain management. The key feature of dApps is their decentralized architecture, which provides increased transparency, security, and accessibility compared to traditional centralized systems.

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