Type 1 Decentralized Applications (dApps) are built on blockchain networks and operate without a central authority. They utilize smart contracts, which are self-executing agreements coded into the blockchain, to facilitate transactions and interactions.These applications are fully decentralized, meaning they rely on the underlying blockchain infrastructure, such as Ethereum. Users interact directly with the smart contracts, ensuring transparency and security. As a result, Type 1 dApps eliminate the need for intermediaries, providing users with more control over their data and transactions.Examples of Type 1 dApps include decentralized exchanges, lending platforms, and gaming applications. Their design promotes trustlessness, allowing users to participate without needing to trust any single entity. The code governing the application is available for anyone to review, ensuring that it behaves as expected.In summary, Type 1 Decentralized Applications represent a shift toward greater user autonomy and privacy, enabling innovative use cases across various sectors.