June 7, 2023
Crypto Accounting Software: DeFi Accounting
Discover how Decentralized Finance (DeFi) impacts the accounting industry, the role of crypto accounting, and the features of dedicated crypto accounting software.
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Decentralized applications (DApps) are digital applications or programs that exist and run on a blockchain or P2P network of computers instead of a single computer.
DApps and are outside the purview and control of a single authority. For example, a developer can create a Twitter-like DApp that no one person or company has control over. Transactions made by users are validated by other users who are rewarded with tokens.
Using a DApp like Uniswap to swap different cryptocurrencies.