1.3 The Rise of Decentralized Applications

With the problems present in the centralized internet architecture, increasingly more decentralized applications are emerging. These applications are based on blockchain technology and smart contracts, which enable a decentralized application architecture and governance mechanism. The emergence of decentralized applications provides a powerful impetus for the development of Web3.0. Moreover, because the data and privacy in decentralized applications are more secure and reliable, users are increasingly inclined to use these applications.