Read on Twitter
Are you curious about dApps but not sure what they are? Let me break it down for you in 5 simple tweets 🧵👇
Thread.
Thread.
1/ dApps, or decentralized applications, are built on blockchain technology. Unlike traditional apps that run on centralized servers, dApps use a network of computers to maintain the data and code.
2/ Because dApps are decentralized, they are more secure and transparent. They can't be shut down by a single entity and all transactions are visible on the blockchain. This makes dApps ideal for financial applications.
3/ Popular dApps include decentralized exchanges like Uniswap, prediction markets like Augur, and social networks like Steemit. Each dApp has its own set of rules and governance, and users have more control over their data and assets.
4/ Investing in dApps can be risky, but the potential rewards are high. Before investing, do your research and understand the technology and team behind the dApp. Look for projects with a strong community and track record of success.
5/ Remember, dApps are still a relatively new technology and the space is constantly evolving. Stay informed and invest wisely. Who knows, you might just find the next big thing in decentralized applications 💰 #dApps #Blockchain #Investment
@threadreaderapp unroll
• • •
Missing some Tweet in this thread? You can try to
force a refresh
