DApps: what exactly is dApps in Blockchain?
Decentralized application (dApp) is an application built on a peer-to-peer network or decentralized network (mostly on Ethereum Blockchain) that rely on a smart contracts and front end user interface to operate autonomously on the distributed ledger network.
A simple and typical example of a DApp is when you imagine a dice game on Ethereum, via this DApp could exist on any decentralized network with robust smart contract functionality. To play, you send ether (ETH) to a smart contract that keeps your bet if you lose or pays out if you win. Since the contracts that define the game are open source, we can verify, for instance, that the house has (only) a 1% edge. We can also inspect the contract to ensure that the random number generator it references is indeed random.
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This transparency makes the game ‘provably fair,’ unlike games in traditional casinos which are inevitably plagued by opacity due to the inherent lack of transparency caused by reliance on a ‘trusted’ third party. Additionally, since identities aren’t required to interact on Ethereum, anyone in the world can (in theory) play our decentralized dice game without restriction (although local regulations do still technically apply).
For more details about dApps and how it relates with web.2 and web.3, read this "How dApp, web.2 and web.3 works". Additionally, you will also understand how dApp works, types and uses of dApp in the article.
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