DApp (Engl.) Decentralized Application. As an ordinary application, Dapp consists of the user interface (frontend) and the server part (backend), but is different from it as it includes a smart contract. The smart contract is also a part of the backend, only it is created especially for the block-chain. In essence, the smart contract is a contract between the developers and the users that provides for full transparency of application performance. Decentralized applications include games, social networks, postal services and all other things that we are so used to in the world of the Internet. The only difference is that their operation is fully transparent.

In concept, this is a contract, a computer algorithm having conditions preset and open for any participant, and when these conditions are fulfilled, the parties will be able to exchange money, assets, or new processes will be launched free from participation of third parties (agents).

DApp (Engl.) Decentralized Application. As an ordinary application, Dapp consists of the user interface (frontend) and the server part (backend), but is different from it as it includes a smart contract. The smart contract is also a part of the backend, only it is created especially for the block-chain. In essence, the smart contract is a contract between the developers and the users that provides for full transparency of application performance. Decentralized applications include games, social networks, postal services and all other things that we are so used to in the world of the Internet. The only difference is that their operation is fully transparent.

In concept, this is a contract, a computer algorithm having conditions preset and open for any participant, and when these conditions are fulfilled, the parties will be able to exchange money, assets, or new processes will be launched free from participation of third parties (agents).