What is a DApp?
DApp stands for Decentralized Application which are stored and run on blockchain systems such as Cardano and Ethereum. The applications are open sourced and provide incentive by validating the DApp.
The use of DApps has become popular in decentralized finance and allows for many functions that are outside of the traditional banking system.Functions:
- Lending or borrowing
- Speculation on digital assets by going long or short
- Earn interest
The use of DApps has only just begun and the popularity will only grow as the industry continues to progress. The financial systems have not been fair or even accessible to a great number of people. Decentralized finance and DApps pave the way to a fair and brighter future for many.
iBanx strives to educate investors so that they can make informed decisions. We do not provide financial advice and any investment should be made with caution and exercise due diligence. A whole new world of financial management awaits.