What is an example of a decentralized application (dApp)? 🔊
An example of a decentralized application (dApp) is Ethereum’s decentralized finance platform known as Uniswap. Uniswap allows users to trade cryptocurrencies directly from their wallets without relying on a central authority or intermediary. It uses smart contracts to facilitate transactions, ensuring transparency and security. By being decentralized, dApps like Uniswap provide users with greater control over their assets, reduce transaction fees, and enable peer-to-peer interactions, promoting a more democratized financial ecosystem.
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