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DappRadar how does it work? What are dapps?
DappRadar how it works the No. 1 way to discover, monitor and analyze the growing universe of decentralized applications and marketplaces.
Around the world, consumers discover dapps and manage their NFT/DeFi portfolios with DappRadar . Their data underpins key industry partners, and their quarterly reports are the trusted authority on dapp multichain market intelligence.
They started in 2018, bringing accurate and high-quality insights on decentralized applications to a global audience and quickly becoming the industry’s trusted and reference source.
DappRadar how blockchain works
Blockchain is one of the technologies set to disrupt the world, bringing unprecedented efficiency and transparency. DappRadar’s approach to bring together protocols, dapp developers and users to create an ecosystem enables not only greater transparency and trust, but also possibilities for entirely new applications from innovators around the world.
In the blockchain world, hundreds of different network protocols are used that are typically non-transferable or vendor locked. DappRadar, on the other hand, allows transactions between different protocols.
For example, if you want to make a transaction on decentralized financial applications, such as exchanging your non-fungible token asset (NFT) based on the market price, you can go to DappRadar and make that cryptocurrency transaction with the right value through comparing different dapps.
Decentralized applications usually involve:
- NFT( digital works, nft in general)
Games( famous NFT games such as axie, splinterlands, gods unchained and many others that you can also find on this site.
Cryptocurrency trading and buying platforms (Exchange) one of the most popular Binance, you can register now from qui!
- the world of finance (DeFi – decentralized finance)
In the case of decentralization, the DAPP no longer belongs to anyone (thus not even to the original creator of the DAPP) but at the same time it belongs to everyone, as DAPPs are released on the blockchains of various projects that host DAPPs, such as: the Ethereum, Binance, Hive, Wax blockchains, etc.
After a DAPP is released on a blockchain, at that moment practically the decentralized application is uploaded to all nodes of the blockchain in question and from that moment no one can centrally control it anymore.
The moment the application becomes decentralized for that specific application various advantages are created that centralized applications cannot have.
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