Decentralized Wallet Application using Blockchain

Abstract

Decentralized applications (DApps) are gaining significant traction due to the widespread adoption and development of blockchain technology. These applications receive substantial funding through crowdfunding, reflecting the growing interest in their potential. Despite this, there remains ambiguity surrounding their definitions, architectures, and classifications. This survey seeks to address these gaps by offering a comprehensive exploration of DApps for further investigation. Decentralized Applications, are software programs that typically include front-end interfaces, smart contracts for automation, and decentralized protocols for data storage and communication. Analyzing popular DApps reveals their varied functionalities, advantages, and challenges, showcasing the potential for decentralized technologies to reshape industries. Lastly, the survey outlines recent research problems concerning DApps, focusing on economics, security, and performance. It identifies promising avenues for future research in this domain.