DAPP CLASSIFICATION

EF1Finance
1 min readApr 9, 2021

Dapp is divided into 07 main groups, including exchange, wallet, betting applications, game, finance, social network and other sectors. Meanwhile, in terms of private blockchain possessive characteristics or blockchain-on-built characteristics, Dapp is divided into 3 types as follow:
Type 1: The decentralized Dapp’s application will own its private blockchain. (Bitcoin and Ethereum are the most obvious decentralized applications of this type)
Type 2: This is the decentralized application using the blockchain of the type 1’s decentralized app. Dapp of this type will conduct the protocols and issue token codes to perform the app’s functions.
Type 3: Like Dapp of type 2, this decentralized application will use the blockchain’s protocol of type 2. This app will conduct its necessary functions based on protocols and token codes

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EF1 is a Defi Platform that allows users to save, loan, borrow and pay Crypto Assets in a global network.