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
51% Attack
An attack on blockchain by a group of miners controlling more than 50% of network hash rate
Delegated Proof-of-Stake (dPOS)
A consensus mechanism where selected members of a network are voted as delegates to validate transactions and produce blocks on a blockchain.
Burned Tokens
Tokens which have been sent to addresses whose private key are not known, effectively becoming unusable.
Leverage
It is an investment strategy to gain potential return of the investment by borrowing the money
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