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Decentralized application (DApp) is an application on a P2P network of computers than a centralized server. DApp is developed on a blockchain that makes it safe and secure. The software program is designed on the Internet where consensus is the control rather than a single entity.
The total number of downloads of Apps in 2021 was 200.1 Billion and is expected to grow to 258.2 billion by 2022 with revenues touching $189 billion by 2020. The DApps focus on decentralized networks will cause a paradigm shift in the industry’s software models. The distributed, resilient, transparent, and incentivized applications will transform technology, especially the app industry.