What is a dApp? - Crypto in Plain English – Episode 24 - by cryptohunt.it
Crypto in Plain English - by cryptohunt.it29 Loka 2021

What is a dApp? - Crypto in Plain English – Episode 24 - by cryptohunt.it

Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english.

Today, we explain dApps (“d-a-p-p-s”), short for decentralized apps.

Unlike traditional apps that run on your smartphone or a web server somewhere, decentralized apps run on the networks that power blockchains. They are decentralized, because each of these networks can have many so-called nodes, which are computers running these dapps. Remove one of them, and the blockchain with its dapps is still fully functional.

But what exactly does a dapp do? It’s just a small computer program, often called smart contract, that executes in the background on these nodes when a transaction happens. Say, for example, you send someone Ethereum. The Ether dApp will run, check your wallet balance, remove the amount, and add it to the receiving wallet balance.

But the clever thing is that these dapps can do anything you can program a computer to do. Say you want 5% of that transaction to go to charity, you would program your smart contract to do that. Or you want an NFT to only be able to sell once? Same thing.

And that’s how a single blockchain like Ethereum can power so many different tokens - they are all just dapps, implementing many different ideas.

And next time we talk about swapping – how it’s possible to exchange one token for another and where to do it.

Disclaimer: This podcast references our opinion and is for information purposes only. It is not intended to be investment advice. Do your own research and seek a duly licensed professional for investment advice.

Jaksot(373)

What is a mnemonic phrase? - Crypto in Plain English - Episode 261 - by cryptohunt.it

What is a mnemonic phrase? - Crypto in Plain English - Episode 261 - by cryptohunt.it

What is a mnemonic phrase? Welcome to the Cryptohunt Jam, where we spend one minute a day to explain crypto. In plain English. My name is Christian Byza, Co-Founder of Cryptohunt.it and I am your host...

28 Syys 20222min

What is Discord? - Crypto in Plain English - Episode 260 - by cryptohunt.it

What is Discord? - Crypto in Plain English - Episode 260 - by cryptohunt.it

What is Discord? Welcome to the Cryptohunt Jam, where we spend one minute a day to explain crypto. In plain English. My name is Christian Byza, Co-Founder of Cryptohunt.it and I am your host of this d...

27 Syys 20222min

What is a whitepaper? - Crypto in Plain English - Episode 259 - by cryptohunt.it

What is a whitepaper? - Crypto in Plain English - Episode 259 - by cryptohunt.it

What is a whitepaper? Welcome to the Cryptohunt Jam, where we spend one minute a day to explain crypto. In plain English. My name is Christian Byza, Co-Founder of Cryptohunt.it and I am your host of t...

26 Syys 20222min

What exactly is a middleman and why does everybody hate them? - Crypto in Plain English - Episode 258 - by cryptohunt.it

What exactly is a middleman and why does everybody hate them? - Crypto in Plain English - Episode 258 - by cryptohunt.it

What exactly is a middleman and why does everybody hate them? Welcome to the Cryptohunt Jam, where we spend one minute a day to explain crypto. In plain English. My name is Christian Byza, Co-Founder ...

23 Syys 20222min

What is TradFi? - Crypto in Plain English - Episode 257 - by cryptohunt.it

What is TradFi? - Crypto in Plain English - Episode 257 - by cryptohunt.it

What is TradFi? Welcome to the Cryptohunt Jam, where we spend one minute a day to explain crypto. In plain English. My name is Christian Byza, Co-Founder of Cryptohunt.it and I am your host of this da...

22 Syys 20222min

What is the meaning of “fungible”? - Crypto in Plain English - Episode 256 - by cryptohunt.it

What is the meaning of “fungible”? - Crypto in Plain English - Episode 256 - by cryptohunt.it

Are YOU a crypto normie? If so, welcome! CLICK HERE to start (or continue) learning about everything crypto! What is the meaning of “fungible”? Welcome to the Cryptohunt Jam, where we spend one minute...

21 Syys 20222min

What is a "pump and dump"? - Crypto in Plain English - Episode 255 - by cryptohunt.it

What is a "pump and dump"? - Crypto in Plain English - Episode 255 - by cryptohunt.it

Are YOU a crypto normie? If so, welcome! CLICK HERE to start (or continue) learning about everything crypto! What is a "pump and dump"? Welcome to the Cryptohunt Jam, where we spend one minute a day t...

20 Syys 20221min

What is a "bag holder" in the crypto scene? - Episode 254 - by cryptohunt.it

What is a "bag holder" in the crypto scene? - Episode 254 - by cryptohunt.it

Are YOU a crypto normie? If so, welcome! CLICK HERE to start (or continue) learning about everything crypto! What is a "bag holder" in the crypto scene? Welcome to the Cryptohunt Jam, where we spend o...

19 Syys 20221min

Suosittua kategoriassa Liike-elämä ja talous

sijotuskasti
mimmit-sijoittaa
rss-rahapodi
psykopodiaa-podcast
rss-rahamania
rss-lahtijat
ostan-asuntoja-podcast
hyva-paha-johtaminen
rss-seuraava-potilas
rss-sami-miettinen-neuvottelija
rss-startup-ministerio
rahapuhetta
lakicast
rss-porssipuhetta
rss-bisnesta-bebeja
rss-sisalto-kuntoon
rss-set-for-life-sijoita-ja-vaurastu
rss-rahataito-podcast
rss-paasipodi
rss-viisas-raha-podi