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
Whale
Someone who holds an enormous amount of cryptocurrency and has the ability to wave the market
Bitcoin Evangelist
Individuals who are passionate about Bitcoin, and are dedicated in spreading knowlege about Bitcoin
Fiat-Pegged Cryptocurrency
Cryptocurrencies are pegged to an underlying asset.
Permissioned Blockchain
It is a private blockchain where the nodes must be previously authorized by a central entity.
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