What are dApps? / Decentralized Applications Explained / Animation

Let’s find out together what dApps are in the world of crypto.

We’ll learn about crypto dapps, what pros and cons they have, and how they can improve upon the already existing web apps.

We’ll also take a look at various types of dapps and see which crypto dapps are more popular.

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The main topics of this video are:

▶ What Are dApps and How Can They Change the World ▶ dApps Types ▶ Top 5 Most Used dApps

🟡 What Are dApps and How Can They Change the World
If we think about our previous example, dApps are apps that work just like the classic apps we are used to with the main difference being that they don’t run on a single computer or cell phone, but on a decentralized network or blockchain.

The fact that dapps can “live” on a shared network, alongside other innovations specific to the blockchain, offer some advantages to traditional apps, which we’ll explore together.

🟡dApps Types
We can divide dapps into several categories with the most popular ones being:
Gaming – Decentralized applications that offer users the video game experience combined with the possibility of interacting with blockchains.
DeFi – DeFi dApps are in direct competition with traditional finances through the introduction of ways of receiving or offering loans and creating innovative financial instruments like liquidity pools. 
Collectibles -  This came with the growing popularity of NFTs and decentralized apps that offer the possibility of buying NFTs.

🟡 Top 5 Most Used dApps
- The fifth place goes to Axie Marketplace with 476 thousand monthly users. Axie Marketplace is the official marketplace for the Axie Infinity crypto game.
- The fourth place is occupied by Atomic Assets with 504 thousand monthly users. Atomic Assets is an NFT standard for NFTs on the eosio blockchain.
- Alien Worlds takes the third place with 541 thousand monthly users.
- The runner-up position goes to 2 Splinterlands with 579 thousand monthly users
- First place goes to PancakeSwap with 3.18 million monthly users.

🟡 Conclusions
dApps are crypto instruments essential for interacting with the blockchain technology which offers users access to a large array of financial instruments, games, or exchanges, without requiring intermediary platforms, but always maintaining the safe of the user data.

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 CHAPTERS -

0:00 Short Analogy
0:44 What Are dApps and How Can They Change the World
3:23 dApps Types
3:57 Top 5 Most Us
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https://www.youtube.com/watch?v=2H7Fjvq2paE