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

Avsnitt(373)

What is a Crypto Contagion? - Crypto in Plain English - Episode 301 - by cryptohunt.it

What is a Crypto Contagion? - Crypto in Plain English - Episode 301 - by cryptohunt.it

What is a Crypto Contagion? Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto. In plain English. You’ve seen the news: People fear a so-called "crypto contagion", which ...

23 Nov 20222min

Why we believe in the future of web3 - Crypto in Plain English - Episode 300 - by cryptohunt.it

Why we believe in the future of web3 - Crypto in Plain English - Episode 300 - by cryptohunt.it

Get Crypto Certified Here! Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto. In plain English. … But today, we mix it up again. It’s a special episode. For 1 and a half...

22 Nov 20229min

FTX - The incredible revelations we just heard about - Crypto in Plain English - Episode 299 - by cryptohunt.it

FTX - The incredible revelations we just heard about - Crypto in Plain English - Episode 299 - by cryptohunt.it

FTX - The incredible revelations we just heard about Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto. In plain English. Just when you thought the drama around FTX, the...

21 Nov 20223min

How to create a crypto wallet and take control of your funds - Crypto in Plain English - Episode 298 - by cryptohunt.it

How to create a crypto wallet and take control of your funds - Crypto in Plain English - Episode 298 - by cryptohunt.it

How to create a crypto wallet and take control of your funds Welcome to the Cryptohunt Jam, where we spend one minute a day to explain crypto. In plain English. In light of FTX’s collapse, the amount ...

18 Nov 20223min

How to save crypto keys for the long run - Crypto in Plain English - Episode 297 - by cryptohunt.it

How to save crypto keys for the long run - Crypto in Plain English - Episode 297 - by cryptohunt.it

How to save crypto keys for the long run Welcome to the Cryptohunt Jam, where we spend one minute a day to explain crypto. In plain English. Remember yesterday's episode about those pesky, hard to mem...

17 Nov 20223min

Crypto keys: Dos and donts - Crypto in Plain English - Episode 296 - by cryptohunt.it

Crypto keys: Dos and donts - Crypto in Plain English - Episode 296 - by cryptohunt.it

Crypto keys: Dos and donts Welcome to the Cryptohunt Jam, where we spend one minute a day to explain crypto. In plain English. Today, we’ll pick up where we left off yesterday. Remember that our goal ...

16 Nov 20222min

Why crypto keys are necessary, but so hard to remember - Crypto in Plain English - Episode 295 - by cryptohunt.it

Why crypto keys are necessary, but so hard to remember - Crypto in Plain English - Episode 295 - by cryptohunt.it

Why crypto keys are necessary, but so hard to remember Welcome to the Cryptohunt Jam, where we spend one minute a day to explain crypto. In plain English. This week, we’ll host several episodes to hel...

15 Nov 20223min

Why exchanges like FTX lose customer funds and how you can protect yourself - Crypto in Plain English - Episode 294 - by cryptohunt.it

Why exchanges like FTX lose customer funds and how you can protect yourself - Crypto in Plain English - Episode 294 - by cryptohunt.it

Why exchanges like FTX lose customer funds and how you can protect yourself Welcome to the Cryptohunt Jam, where we spend one minute a day to explain crypto. In plain English. Just when you thought th...

14 Nov 20222min

Populärt inom Business & ekonomi

framgangspodden
rss-jossan-nina
badfluence
varvet
svd-tech-brief
rss-borsens-finest
rss-svart-marknad
uppgang-och-fall
avanzapodden
bathina-en-podcast
fill-or-kill
lastbilspodden
rss-inga-dumma-fragor-om-pengar
rss-dagen-med-di
tabberaset
borsmorgon
rss-kort-lang-analyspodden-fran-di
rikatillsammans-om-privatekonomi-rikedom-i-livet
24fragor
montrosepodden