DAPP

Imagine going to work, and then sending your car off to serve passengers from 9-5. Imagine being able to make money from the spare capacity of your smartphone or computer. This is possible through the use of DAPPS. DAPPS (decentralized applications) operate much like apps on your phone, but they’re decentralized. In other words, DAPPS are apps for the blockchain. Since DAPPS are still in their infancy, there is no single definition yet to encompass all DAPPS. However, there are some common threads that bind them together.

DAPPS must be:

• Open-source: The DAPP code should be readily available, open to scrutiny, autonomous, and managed by consensus.
• Decentralized: By definition, DAPPS must operate on a decentralized network
• Incentivized: Anyone who chooses to verify transactions in the DAPP must be paid in crypto tokens.
• Protocol: The DAPP community must agree on a single way to verify transactions.