Dapps — Beyond The Abbreviation

  1. Financial applications: These involve managing and entering into contracts with money. Savings wallets, wills, some employment contracts, and hedging contracts are a few examples of these. So is Ethereum itself, or rather the cryptocurrency side of it.
  2. Semifinancial applications: These occur when the application involves money but is primarily based on information outside of the blockchain, such as self-enforcing bounties for solutions to computational problems.
  3. The third type of dapp is one that does not involve money at all, such as voting or decentralized governance.
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