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)

Why are brands like Nike getting into Web3? - Episode 309 - by cryptohunt.it

Why are brands like Nike getting into Web3? - Episode 309 - by cryptohunt.it

Why are brands like Nike getting into Web3? Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto. In plain English. In yesterday’s episode, we took a deeper look at Nike’s ...

7 Joulu 20223min

What is .Swoosh by Nike? - Episode 308 - by cryptohunt.it

What is .Swoosh by Nike? - Episode 308 - by cryptohunt.it

What is .Swoosh by Nike? Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto. In plain English. Why is Nike, the popular brand, even a topic on this podcast? Well - you ma...

6 Joulu 20223min

Why are blockchains used for IDs? - Episode 307 - by cryptohunt.it

Why are blockchains used for IDs? - Episode 307 - by cryptohunt.it

Why are blockchains used for IDs? Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto. In plain English. If you haven’t heard of IDs on the blockchain, that’s because it’s...

5 Joulu 20222min

What is Proof of Reserves (PoR)? - Episode 306 - by cryptohunt.it

What is Proof of Reserves (PoR)? - Episode 306 - by cryptohunt.it

What is Proof of Reserves (PoR)? Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto. In plain English. Have you heard about the latest wrinkle in the stable coin space? O...

2 Joulu 20222min

Why is Sam Bankman-Fried still giving interviews? - Episode 305 - by cryptohunt.it

Why is Sam Bankman-Fried still giving interviews? - Episode 305 - by cryptohunt.it

Why is Sam Bankman-Fried still giving interviews? Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto. In plain English. For today’s episode, we’ll stick with our topic fr...

1 Joulu 20223min

BlockFi and the “FTX Domino Effect” - Episode 304 - by cryptohunt.it

BlockFi and the “FTX Domino Effect” - Episode 304 - by cryptohunt.it

BlockFi and the “FTX Domino Effect” Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto. In plain English. You heard the term here first: The “FTX Domino Effect”. It's tim...

30 Marras 20222min

Who is Changpeng Zhao (CZ)? - Episode 303 - by cryptohunt.it

Who is Changpeng Zhao (CZ)? - Episode 303 - by cryptohunt.it

Who is Changpeng Zhao (CZ)? Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto. In plain English. Changpeng Zhao, in crypto circles also known as CZ, has been making the ...

29 Marras 20223min

What’s the difference between a Centralized Exchange (CEX) and a Decentralized Exchange (DEX)? - Crypto in Plain English - Episode 302 - by cryptohunt.it

What’s the difference between a Centralized Exchange (CEX) and a Decentralized Exchange (DEX)? - Crypto in Plain English - Episode 302 - by cryptohunt.it

What’s the difference between a Centralized Exchange (CEX) and a Decentralized Exchange (DEX)? Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto. In plain English. By no...

28 Marras 20224min

Suosittua kategoriassa Liike-elämä ja talous

sijotuskasti
mimmit-sijoittaa
psykopodiaa-podcast
rss-rahapodi
ostan-asuntoja-podcast
rss-rahamania
rahapuhetta
rss-laakispodi
rss-sisalto-kuntoon
herrasmieshakkerit
rss-lahtijat
rss-bisnesta-bebeja
rss-seuraava-potilas
inderespodi
rss-sami-miettinen-neuvottelija
leadcast
timanttia-hiomassa
rss-kohti-unelmia
rss-juurisyy-johtamisesta-kilpailuetua
rss-porssipodi