• DAPP, smart contracts and their relationships in blockchain technology

    DAPP is the abbreviation of DecentralizedApplication, translated as: decentralized application. DAPP is an Internet application. The biggest difference from traditional APP is that DAPP runs on a decentralized network, that is, a blockchain network. There is no centralized node in the network that can completely control DAPP. As we all know, APP is centralized and needs to request a certain server to obtain data, process data, etc. What is a smart contract? A smart contract is actually a computer protocol that uses a computer instruction to achieve self-verification, automatic execution,…