Decentralized Applications

= "dApps enable a new way of transferring and holding property through mart contracts, decentralized currencies, and asset ownership that are recorded on an immutable public ledger: the blockchain".

Description

"At minimum, decentralized applications (dApps) enable a new way of transferring and holding property. Smart contracts, decentralized currencies, and asset ownership are recorded on an immutable public ledger: the blockchain.

Blockchain technology and dApps have the ability to decentralize power from existing authorities in business, law, and technology to a broad set of stakeholders. This shift will disrupt current business, economic and social paradigms. Transaction costs and barriers to entry in various industries will be reduced in these industries. The result will likely be an increase in economic exchange and prosperity." (https://consensys.net/vision/)