Decentralized application (dApp)

A decentralized application is a service that runs on a peer-to-peer network of computers providing direct interaction between users and providers. As opposed to traditional centralized applications where code is run on centralized servers, decentralized applications are intended to operate in a manner not controlled by a single trusted entity. These properties make decentralized applications inherently more difficult to hack or coerce.

Type 3 DApps are protocols that operate using the protocols of a Type II DApp. Similar to Type II DApps, Type III DApps also have tokens that are required for their function.

A decentralized application (dApp) is a service that provides direct interaction between providers and end users providers through a blockchain or distributed ledger.