FAQ

What is dapp?

Decentralized applications (Dapp) are a piece of software which communicates with the blockchain, that manages the state of all network. The interface of the decentralized applications does not look different than any website. The smart contract represents the logic of a decentralized application.

How do they work?

They can be web pages, desktop or mobile apps which simply operate like any other application might. The application’s data is not hosted on local or cloud servers, rather a network of nodes which maintains an exact ledger – this is a blockchain.

What are the benefits of dapp?

With a DApp, there are no centralized servers to store the data which is saved to the blockchain. Before blockchain, there is no organization that is liable for securing end-user data from the server and all. The data stored on the blockchain is highly secure.

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How Do Cross-Chain Bridges Work?

A cross-chain bridge allows digital assets to move between different blockchains. These bridges are typically decentralized; they are dApps. The bridges work with smart contracts. So, on the source side, either tokens get burned or locked. On the destination chain, another smart contract waits. This unlocks the tokens or mints new tokens.

What is DEX?

In cryptocurrency, a decentralized exchange (DEX) is a peer-to-peer crypto-swapping marketplace that connects buyers and sellers to liquidity pools. Unlike traditional exchanges, DEXs operate without intermediaries. Additionally, DEXs are transparent, cost-efficient, and immutable.

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