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
Futures
An agreement between two counterparties that obligates them to transact in the future based on the contract terms set.
Hash
A hash function is an output code (unique and alphanumeric) that we obtain from an input string,
Bull Market
A bull market indicates the direction of the market going in an upward trend.
Bitcoin Evangelist
Individuals who are passionate about Bitcoin, and are dedicated in spreading knowlege about Bitcoin
Hungry for more knowledge?
Back to Glossary or Subscribe to our newsletter.