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Closed, you need permission to use or build upon apps

Controlled by centralized entity — you trust the developer that the app’s source code and state is fair and accurate

Users’ account and data are locked into the app and value is accrued to the platform, not the community

Will disappear or break if the creator loses interest or funding or if a platform it relies on (such as the App Store) changes a policy

Extractive business models of selling access, data or advertising

Open, no permission needed to use or build upon apps

Runs on a distributed network, typically a blockchain where code is more transparent

Users’ account and data are their own and is typically portable to other apps or otherwise exportable

While changing, can be more complex for users or struggle scaling

Enables new business models and puts peer-to-peer interactions front and center