📌 Crypto Word of the Day: DAPP

Definition: Decentralized application operating on a blockchain, without a central server or single control.

⚙️ How does it work?

A DApp uses a smart contract to execute its functions, with transparency and resistance to censorship.

📍 Examples:

  1. Uniswap, PancakeSwap (decentralized exchanges);

  2. Aave, Compound (crypto lending/borrowing);

  3. OpenSea (NFT).

✅ Advantages:

  1. No intermediary;

  2. Enhanced security through blockchain;

  3. Global access 24/7.

⚠️ Precautions:

  1. Connect your wallet only to reliable DApps;

  2. Check the website address before any interaction;

  3. Understand network fees (gas fees).

💡 Binance security tip: Always read the permissions requested by the DApp before signing.

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