Dapps is open source software using blockchain technology. Unlike traditional applications, they do not require intermediaries to function. Since they are still a relatively new concept, it is difficult to determine their exact definition. However, the obvious common features include the fact that they are open source (managed by autonomy) and decentralized.

Smart contract groups are used to create dapps. Smart contracts are code scripts that can facilitate the exchange of money, shares, content, or anything of value. Smart contracts are formed using the Ethereum Virtual Machine (EVM). Once the smart contract runs on the blockchain, it is like a self-running computer program. They operate programmatically, without review, downtime, or third-party influence.