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

Pay-Per-Last N Shares (PPLNS)

PPLNS system only pays miners after the pool has discovered the block. This means you'll only be compensated once the block has been discovered.

Block

In the context of blockchain, block refers to the collection of transactional data or information that are bundled together in a predetermined size.

Atomic SWAP

Atomic Swap refers to the exchange of cryptocurrencies that operate in different block chains without intermediaries.

Margin Trading

It is a way of investing by borrowing money from a broker (or in crypto, an exchange or platform) to trade

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