A decentralized application is called as Dapp it is an open-source decentralized software application and it has some code running on the peer-to-peer network and it does not need to necessarily run on top of a blockchain network. Dapps are similar to a traditional web application, Smart contract will represent the core logic of the decentralized application.
Outstanding Features of Dapps:
Open Source
Decentralized Nature
Incentivization
Protocol
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