Decentralized Application
Formal
A decentralized application operates autonomously and stores its data on a Blockchain. The back-end code for a Dapp runs on a peer-to-peer network rather than on a centralized server.
Practical
The back-end code for a Dapp runs on a peer-to-peer network rather than on a centralized server. Dapps are incentivized by the use of cryptographic tokens to create an independent ecosystem.
