DApps

Decentralized applications use blockchain technology to connect users and providers directly without the use of a middleman. Some criteria for DApps are:

• Open-sourced - The source codes are available to the public.
• Decentralized - Everything is stored in a public ledger.
• Agreed upon cryptographic algorithm - Utilizing Proof-of-Work (PoW) or Proof-of-Stake (PoS) to show proof of value.
• Incentivized- Having a reward for blockchain validating users.

DApp Platforms

Ethereum

Current leader when it comes to DApps. Top applications include:

• Crypto Kitties Platform for trading, breeding and collecting crypto kitties
• Basic Attention Token For online advertising
• Ethlance Platform for hiring freelancers or working for Ether cryptocurrency
• Etherisc For decentralized insurance