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
Difficulty
A relative measure on how difficult it is to correctly guess a new block
Distributed Ledger
Ledgers whose data is stored and synced across a network of nodes.
Crowdsale
This type of auction has a fixed price per token that is sold on a first-come-first-serve basis.
Side Chain
A separate blockchain ledger that runs parallel with the primary blockchain.
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