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Crypto Glossary/Decentralized Application

Decentralized Application

An online application that uses smart contracts and blockchain technology as opposed to a centralized infrastructure.

With the ability to use smart contracts, programmers create decentralized applications that perform specific functions on blockchain networks without requiring the use of centralized infrastructure.

These decentralized applications are essentially distributed and rely on the underlying blockchains being functional in order to operate as designed.

Examples include decentralized exchanges, lending platforms, swapping apps and more.

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