What is a Dapp and how does it work?

Just to be clear, a Dapp is just like any other software application you use. It could be a website or an app on your phone. What makes a Dapp different than a traditional app is that it's built on a decentralized network, like Ethereum.

Where can I find a good Dapp?

A good place to start researching dapps is DappRadar, a website that lists thousands of dapps built on networks including Ethereum, BNB Chain and Polygon. Among the most popular dapps at present are decentralized finance ( DeFi) applications such as decentralized exchanges ( DEXs ).

What are Dapps in Ethereum?

This latter function is so widespread that the Ethereum network white paper categorized dapps into "financial," "semi-financial" and "other." Ethereum has been the dominant host for dapps so far. At its foundation, one of the primary goals of the network was to make dapps easier to create.

Why do Dapps get hacked?

Hacks - As many dapps are run on open-source smart contracts, hackers have the opportunity to review code and probe the networks looking for weaknesses. This has led to a spate of hacks on popular dapps. Usability - A lot of dapps have poor user interfaces, something that has drive many users away.