In most cases this is related to bitcoin, cryptocurrency and ICO.
The thing has a name: DApp (pronounced Dee-App) is offline application, also known as the blockchain app.
In its white paper David Johnston, CEO of DApp Fund, says:
"These decentralized apps will ever exceed world's largest software Corporation in the field of assessing the value, user base and network due to their superior incentive structure, flexibility, transparency, resiliency, and distributed nature."
The fact is that decentralized applications can be based on custom (native) blockchains or use of the network/protocols created for other software components out-of-control.
The "standard" we can safely assume that there are three main types of DApps.
Adaeze Yoruba
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