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
Proof of Work (PoW)
A consensus algorithm in which a block is validated via mathematical hashing
Nonce
Abbreviation for ‘number only used once’ It is of vital importance next to the hash in the verification of data from the Bitcoin blockchain network.
Dead Cat Bounce
Price rally that is short lived after a prolonged decline. Price charts will show a recovery in anticipation of a market turnaround only to decline further.
Internet of Things (IoT)
It is a system that lets any devices that are connected to internet to comunicate with each other without human-to-human or human-to-devices interactions.
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