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)

The craziest crypto scams and hacks: Part 1: How Mt. Gox lost $50bn in a Bitcoin hack - Crypto in Plain English - Episode 125 - by cryptohunt.it

The craziest crypto scams and hacks: Part 1: How Mt. Gox lost $50bn in a Bitcoin hack - Crypto in Plain English - Episode 125 - by cryptohunt.it

The craziest crypto scams and hacks: Part 1: How Mt. Gox lost $50bn in a Bitcoin hack Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. This week we wi...

21 Mars 20222min

Does the world need crypto? Part 4: The ingredients of the perfect blockchain - Crypto in Plain English - Episode 124 - by cryptohunt.it

Does the world need crypto? Part 4: The ingredients of the perfect blockchain - Crypto in Plain English - Episode 124 - by cryptohunt.it

Does the world need crypto? Part 4: The ingredients of the perfect blockchain Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. Welcome back to our min...

18 Mars 20222min

Does the world need crypto? 123 – Part 3: DeFi to the rescue? - Crypto in Plain English - Episode 123 - by cryptohunt.it

Does the world need crypto? 123 – Part 3: DeFi to the rescue? - Crypto in Plain English - Episode 123 - by cryptohunt.it

Does the world need crypto? 123 – Part 3: DeFi to the rescue? Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. Let’s continue our mini-series on: Does...

17 Mars 20222min

Does the world need crypto? Part 2: Replacing the banking system - Crypto in Plain English - Episode 122 - by cryptohunt.it

Does the world need crypto? Part 2: Replacing the banking system - Crypto in Plain English - Episode 122 - by cryptohunt.it

Does the world need crypto? Part 2: Replacing the banking system Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. Welcome back to our mini-series on: ...

16 Mars 20222min

Does the world need crypto? Part 1: Decentralization - Crypto in Plain English - Episode 121 - by cryptohunt.it

Does the world need crypto? Part 1: Decentralization - Crypto in Plain English - Episode 121 - by cryptohunt.it

Does the world need crypto? Part 1: Decentralization Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. The reason Bitcoin exists in the first place is ...

15 Mars 20222min

cryptohunt is launching! How to get a spot - Crypto in Plain English - Episode 120 - by cryptohunt.it

cryptohunt is launching! How to get a spot - Crypto in Plain English - Episode 120 - by cryptohunt.it

cryptohunt is launching! How to get a spot. Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. Today, we have something exciting to cover. After a long ...

14 Mars 20221min

What is a 51% Attack? - Crypto in Plain English - Episode 119 - by cryptohunt.it

What is a 51% Attack? - Crypto in Plain English - Episode 119 - by cryptohunt.it

What is a 51% Attack? Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. Today, let’s dig into the topic of 51% attacks. Remember: One of the core ideas...

11 Mars 20222min

What makes Dash special? - Crypto in Plain English - Episode 118 - by cryptohunt.it

What makes Dash special? - Crypto in Plain English - Episode 118 - by cryptohunt.it

What makes Dash special? Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. Today, let’s talk about Dash, another crypto currency that was built with pr...

10 Mars 20222min

Populärt inom Business & ekonomi

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