Decentralized exchanges allow peer-to-peer exchanges to take place without a centralized intermediary. Decentralized exchanges leverage smart contracts and blockchain technologies to provide the opportunity and security necessary to exchange coins and tokens. This type of exchange allows cryptocurrency owners to maintain custody of their funds and private keys. Q: What Read more…
Decentralized applications are computer programs that have backend code running on a distributed blockchain system. dApps fulfill many uses, and range from financial tools to games. dApps are usually open-source and interoperable, allowing creators a high level of autonomy. Using smart contracts to control their logic, dApps are deterministic, and Read more…
A Decentralized Autonomous Organization (DAO) is a peer-to-peer organization that functions without a corporate hierarchy. DAOs are built on blockchains to protect corporations against forgery, allow trustless distribution, and enhance security. Additionally, DAOs allow for the creation of collaborative, self-governing environments amongst peers. DAOs leverage crypto tokens to designate stakes Read more…
Decentralized finance (DeFi) is an emerging financial technology based on secure distributed ledgers similar to those used by cryptocurrencies. The system removes the control banks and institutions have on money, financial products, and financial services. Q: What is a Decentralized Finance (DeFi)? A: is an emerging financial technology based on Read more…