Search results
Results From The WOW.Com Content Network
A decentralised application (DApp, [1] dApp, [2] Dapp, or dapp) is an application that can operate autonomously, typically through the use of smart contracts, that run on a decentralized computing, blockchain or other distributed ledger system. [3] Like traditional applications, DApps provide some function or utility to its users.
Decentralized finance (often stylized as DeFi) provides financial instruments and services through smart contracts on a programmable, permissionless blockchain.This approach reduces the need for intermediaries such as brokerages, exchanges, or banks. [1]
A type of crypto exchange that operates without a central authority. Decentralized finance (DeFi) DeFi — short for decentralized finance — is a financial system based on peer-to-peer payments ...
A smart contract is a computer program or a transaction protocol that is intended to automatically execute, control or document events and actions according to the terms of a contract or an agreement.
A conversation with the VC firm Variant shows that some in the industry are taking a more practical view of the decentralization ideal.
Uniswap is a decentralized cryptocurrency exchange that uses a set of smart contracts to create liquidity pools for the execution of trades. It is an open source project and falls into the category of a DeFi product (Decentralized finance) because it uses smart contracts to facilitate trades instead of a centralized exchange.
Steemit is designed as a decentralized application (DApp) built upon the Steem blockchain, using the eponymous cryptocurrency STEEM to reward users for their content. [2] [3] [4] By voting on posts and comments, users get to decide the payout of those posts. Users also get "Curation Rewards" for finding and upvoting content that gets upvoted by ...
A cryptocurrency, crypto-currency, or colloquially, crypto, is a digital currency designed to work through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it.