added by Pawan Rochwani and · updated 2y ago
DeFi, dApps and DAOs: The Key Differences
- Decentralized governance is at the heart of the ideological foundation of crypto: equal participation for all actors. The playbook of progressive decentralization is being followed by more decentralized finance (DeFi) projects. Users and tokenholders can now have more control over protocol parameters, treasury spending, and, in general, the industr... See more
from Cryptociety | Sam McCarthy | Substack by Sam McCarthy
Mo Shafieeha added
- The success of web3 hinges on innovation to solve new security challenges created by different application architectures. In web3, decentralized applications or “dApps” are built without relying on the traditional application logic and database layers that exist in Web 2.0; instead, a blockchain, network nodes, and smart contracts are used to manag... See more
from Success of web3 hinges on remedying its security challenges by Techcrunch
Jordan Bester added
- A decentralized application is similar to a smart contract, but different in two key ways. First of all, a decentralized application has an unbounded number of participants on all sides of the market. Second, a decentralized application need not be necessarily financial. Because of this second requirement, decentralized applications are actually so... See more
from DAOs, DACs, DAs and More: An Incomplete Terminology Guide | Ethereum Foundation Blog by blog.ethereum.org
Alex Wittenberg added