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<lom:string language="eng">One of the main features of blockchains is the decentralization: each transaction sent is verified by multiple nodes and its validation process does not rely on a single trusted third party. In the beginning, the idea of decentralization by using Blockchains only applied to currency transfers. Over time, the scope of decentralization extended beyond just the currency transfers, through innovation in smart contracts: applications could run directly on blockchains, opening the way for more use-cases: making the decentralization of applications a reality. Such applications are called Dapps for Decentralized applications. They solve the same issues for applications that blockchains solved about banks: - decentralization: the Dapp logic runs on a distributed computing system (using smart contracts), as opposed to the overwhelming majority of applications that run on centralized private servers (or backend). - transparency: Dapps are usually open source, meaning that everyone can read and check the source code of the app. Every action performed by its admins can be checked by anyone. Thus, users can more easily trust those applications. In the case of Tezos, everyone can read the Michelson code deployed onto the network. - history: everyone can read the history of all the transactions.
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<lom:entity>BEGIN:VCARD
VERSION:3.0
N:OPEN TEZOS;;;;
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EMAIL;TYPE=INTERNET:
ORG:Open Tezos
END:VCARD</lom:entity>
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<lom:dateTime>2021-10-14</lom:dateTime>
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