is bitcoin a decentralized application 
bitcoin is decentralized but it is not an application it is a blockchain network with a cryptocurrency used as a payment system and speculative investment the bottom linedecentralized applications dapps are digital applications or programs that run on a decentralized network rather than a single computer or server they are built on blockchain technology and use cryptocurrency as a means of exchange dapps are designed to be open source transparent and resistant to censorship they allow users to interact directly with the application without intermediaries dapps have the potential to disrupt traditional industries by allowing for peer to peer interactions and transactions without a central authority the comments opinions and analyses expressed on investopedia are for informational purposes online read our warranty and liability disclaimer for more info 