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
Mempool
It is the abbreviation of Memory Pool. Set of unconfirmed transactions in a blockchain
Zero Confirmation Transaction
Another name for "unconfirmed transaction"
Altcoin
Coins althernative to Bitcoin
Soft Cap
Targeted fund raising limit of an ICO
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