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Decentralized Applications

(Dapps)

Decentralized applications take the concept of distributing blockchain ledgers and go a bit further: Dapps distribute actual applications among redundant nodes.

The most popular dapp platform is the Ethereum Virtual Machine, which uses its own unique cryptocurrency called Ether to pay rewards to block miners and fuel its peer-to-peer app hosting.

 

Source: https://www.techrepublic.com/article/mini-glossary-cryptocurrency-terms-you-need-to-know/

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