Dictionary

dApps

“Applications whose core logic runs through a decentralised network, commonly called decentralised applications or dApps.”

Why dApps matters to a first-time founder

A dApp can let users interact with shared rules or assets without one operator controlling every transaction. That can improve transparency or resilience, but it also adds wallet, network, fee, governance, and security risks. Many dApps still rely on centralised websites, hosting, administrators, or data feeds. Judge the actual architecture and control points, not the decentralised label.

Examples of dApps

A ticketing dApp records 5,000 event tickets in a blockchain smart contract. Buyers connect wallets and pay a network fee when tickets transfer. The contract prevents transfers after the event, but the organiser still runs the website and can change the event details stored elsewhere. The transaction record is decentralised; the entire customer experience is not.

Common misunderstanding

A dApp is not decentralised merely because it accepts cryptocurrency or writes occasional data to a blockchain. Its core rules may run in smart contracts, while interfaces and supporting services remain centralised. Decentralisation also does not make code safe, lawful, or anonymous. Financial, consumer, data, tax, and securities rules can apply according to the service and jurisdiction.

When to use it

Consider a dApp when several parties need shared state or transferable digital assets and no suitable trusted operator exists. Compare that need with the cost and complexity of an ordinary application and database. Test contract security, upgrade powers, key recovery, fees, and failure paths before launch. Seek specialist advice if users hold value or the service resembles a regulated financial product.