Decentralized Applications (DApps)
Definition of a DApp
Decentralized Applications (DApps) have an open source code and use a blockchain as the DApp platform. Such apps or applications do not run on a central server, but are distributed and decentralized on several nodes. DApps have either their own cryptocurrency or a token to reward users for providing computing power that is essential for distributed applications to function. Coins are generated either by a mining algorithm or by a smart contract token, which is then circulated via an ICO, token sale, or DAICO.
DApps on the Burst blockchain
The Burst blockchain already offers a multitude of functions out-of-the box which DApp developers can use:
- Smart Contracts
- Payment Solutions
- Arbitrary Messages
- Token/Colored-Coin
- Alias System
- Decentralized Marketplace
- Crowdfunding
Combining and using this basic infrastructure can lead to infinite possibilities for DApp development on the Burst platform.