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What you need to know of Ethereum and Decentralized Applications

Started by 4niso, Jun 11, 2019, 12:18 am

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While DAO's may be a concept to be realized in the future, decentralized applications (DAPPS) are currently being developed for Ethereum today. These standalone applications utilize smart contracts and run on the EVM. Some examples include micro-payments platforms, reputation functions, online gambling apps, schedulers and P2P marketplaces.

The key feature to DAPPs is that they run across a decentralized network and are enforced without the need for a central authority or overseer. Any sort of multi-party application that today relies on a central server can be disintermediated via the Ethereum blockchain. This can eventually include chat, gaming, shopping and banking.