Decentralized Applications (dApps)
By CoinGecko | Updated on Aug 12, 2021
Applications that run on decentralized peer-to-peer networks such as Ethereum.Ethereum is one of the most popular platforms for developer to develop on as it can store various types of information, making it viable for games, applications or various tools to exist. Decentralized apps typically rely on a blockchains consensus to finalize transactions/requests, which eliminates centralized points of failure (eg. rogue banker, failed servers).
Related Terms
Distributed Ledger
Ledgers whose data is stored and synced across a network of nodes.
KYC (Know Your Customer)
KYC stands for "Know Your Customer", a process for business entities are required to verify its clients and assessing them.
Turing-Complete
A "turing complete" code or blockchain refers to the ability to read program-written codes.
Mining
It is the process of the miners verify and adding transaction recors into a block.
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