We pay in ether to use the network for running the smart contract powering the DApp.

Ethereum is the leading platform for initial coin offerings or ICOs. A project can use an ICO to raise millions of dollars, peer to peer from investors around the world.

. DApps are powered by smart contract software that automated the logic of a business agreement. DApps help cut out the middlemen. Bankers, brokers, lawyers and escrow agents are no longer needed really to guarantee the execution of an agreement.