dApp (Decentralized Application)
A software application that runs on a decentralized network like Ethereum, leveraging smart contracts for backend logic.
What is dApp (Decentralized Application)?
A decentralized application (dApp) is a software application that operates on a blockchain, such as Ethereum, rather than centralized servers. Its backend code runs on a decentralized peer-to-peer network, typically using smart contracts to execute logic automatically and transparently. dApps are designed to be open-source, trustless, and resistant to censorship, with data stored on the blockchain to ensure immutability and security. Examples include decentralized finance (DeFi) platforms like Uniswap and NFT marketplaces like OpenSea, which rely on Ethereum’s infrastructure for transactions and operations.
Related Terms
MAS Stablecoin Framework (Singapore)
Singapore's regulatory framework by the Monetary Authority of Singapore for single-currency stablecoins pegged to SGD or G10 currencies, emphasizing value stability and consumer protection.
Bitcoin Core
Bitcoin Core is the primary software client for running a Bitcoin full node, validating transactions, and contributing to the network’s proof-of-work consensus.
Capital Inefficiency
The underutilization of provided liquidity in DeFi protocols, where most capital remains idle across unused price ranges.
Concentrated Liquidity (Uniswap)
Uniswap concentrated liquidity is a feature of Uniswap V3 that allows liquidity providers to allocate capital within specific price ranges of a token pair, increasing capital efficiency and potential returns compared to traditional AMM models.
51% Attack
A 51% attack occurs when a single entity or group controls over 50% of a blockchain’s computing power or stake, allowing them to manipulate the network’s transaction ledger.
BTC Multiple
The ratio of Strategy's BTC NAV to its BTC $ Equity, indicating leverage in its Bitcoin treasury.