I’m a personal finance reporter, but I just spent a whole day trying to play a game where you battle creatures in a digital pet universe.
For journalism, obviously. I was trying to grasp a better understanding of one of Ethereum’s main use-cases: DApps, or decentralized applications.
Many of the experts I’ve talked to describe the “transformational” nature of Ethereum, the second largest crypto by market capitalization. I’ve heard everything from “It’s the future” to “It’ll change the world as we know it.” When I ask experts why they feel this way, it often comes back to DApps.
DApps can serve different purposes: anything from P2P (peer-to-peer) lending services to fantasy games to social networks. But what are they actually like? How do I use one, and why would I want to? I’ve talked to cryptocurrency experts for months and still felt like the concept was out of reach.
So I decided to go to the source and figure it out for myself. Experts say Ethereum is one of the only cryptocurrencies new investors should bother with. Since DApps are a big part of that value proposition, I wanted to find out what investors should really know about them.
Turns out, investors probably don’t need to know that much to benefit from them. Experts say more people buying Ethereum to use DApps can help drive up the value as an investment. Here’s how it works:
What Are Decentralized Applications (DApps)?
DApps are programs that perform different activities via smart contracts, independent of any...
Read Full Story: https://time.com/nextadvisor/investing/cryptocurrency/ethereum-dapps-what-you-should-know/
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