A decentralized application (DApp) is software that runs on a decentralized network. The three primary characteristics of a DApp are that it is open source, it has a token-based economic model, and it uses a protocol that creates trustless interactions.

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2. Features Of Dapp
Development
Open Source
Decentralized
Incentivized
Protocol-Compliant

3. Open Source
A dapp has to be open-source and does not
include any controlling or regulating entity.
Furthermore, it may be autonomous and the
code has to be accessible for the inspection.
Decentralized
Decentralization means It cannot be controlled
by a single computer or authority Because
Dapps run on a Peer to peer network of
Blockchain that is impossible to hack or cheat.
Incentivized
It has the capacity to generate tokens as proof
of value, and therefore, these tokens are given
in the form of rewards.
Protocol-Compliant
The stakeholders of a decentralized
application should agree on a cryptographic
algorithm, in order to represent proof of value.

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