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
Block Confirmation
Refers to the number of confirmation a particular block has. Each block ahead of the referenced block adds one block confirmation to it.
Hot Wallet
It is a tool that store your cryptocurrencies and always connected to internet
Total Value Locked
Total Value Locked (TVL) represents the number of assets that are currently staked in a protocol or the total quantity of underlying amount of funds that a DeFi protocol has secured.
Block Height
A number that is used to indicated the position of a particular block within a blockchain
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