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
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The ease of which cryptocurrency can be bought and sold without impacting the overall market price.
Tangle
The name for IOTA's Directed acylic graph (DAG) based transaction settlement layer.
Blockchain
In Bitcoin's case, blockchain describes its decentralized, public ledger which contains transactional information.
IPO
Initial Public Offering (IPO) refers to the process where a public company offers newly issued shares to the public and as a result raise capital from public investors.
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