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Crypto Terms:  Letter N

What is Non-Custodial?

Meaning:
Non-Custodial - a decentralized service of holding assets or funds in a smart contract during a transaction or any other financial operation.
medium
2 minutes

Let's find out Non-Custodial meaning, definition in crypto, what is Non-Custodial, and all other detailed facts.

Non-custodial is a service that does not require a third party to hold custody over the assets of a customer during the duration of a transaction or other financial services. The process occurs by using trustless smart contracts. They are blockchain-based self-executing programs without a central authority.

While custodial services require a centralized figure to possess the assets of a customer for safekeeping or management, non-custodial services are decentralized as they do not rely on any intermediaries. Non-custodial services are preferred in the crypto industry due to lower risks and a higher level of decentralization.

Custodial services pose numerous risks, such as censorship, confiscation, or increased processing time. Some examples of custodial services are centralized exchange platforms (CEXs) such as Coinbase and Binance, digital asset management services like PayPal, or fiat-backed stablecoins, such as Tether (USDT) or the USD Coin (USDC).

Non-custodial services are trustless, meaning that they do not rely on any centralized authorities. Furthermore, they are censorship-resistant, cannot be confiscated, offer faster processing times, and do not pose the risk of insolvency or downtime. Decentralized services are considered to be less complex to use than custodial services.

Decentralized exchange platforms (DEXs) like Uniswap or Binance Dex, are the prime examples of non-custodial services. Algorithmic stablecoins like Dai (DAI) and Ampleforth (AMPL), digital asset management services such as Genesis Vision, and lending/borrowing services like Compound also act as non-custodial.

Customers can find non-custodial wallet solutions, which allow them to maintain full ownership over their crypto assets by holding both their private keys and recovery seeds. This includes both hot wallets like TrustWallet, and hardware wallets such as Ledger or Trezor.

Custodial services provide customers with reliable recovery and security, as centralized services insure the assets in the event of theft or other malicious activities. Using non-custodial services may be riskier as some bugs or errors within the smart contracts may be used as exploits for theft. 

Furthermore, if the customer of a non-custodial service loses their access to the account, they may be unable to recover the funds. Custodial assets are easier to recover due to the identification methods available.

Anti-money laundering (AML) regulations like the FATF Travel Rule directly affect custodial cryptocurrency services. This push toward regulation has piqued users’ interest in non-custodial solutions which offer anonymity.

NFTs. The phrase &ldquo;non-fungible&rdquo; describes an NFT or a single indivisible object. Different from other scenarios when a token describes an actual virtual asset or contract, an NFT describes the <strong>indivisible virtual item.<\/strong><\/p>\n<p>In essence, fungibility determines if something is unique or not. It is an essential component of a digital asset&rsquo;s identity that can evaluate what parts they might need to take on.<\/p>\n<p>The main differences between non-fungible assets (NFAs) and NFTs:<\/p>\n<ul>\n<li><strong>Single participant.<\/strong> NFAs have only one participant, apart from the issuer, that can hold units of this asset.<\/li>\n<li>Fixed identity. The identity of the participant is linked with the asset, therefore, it can&rsquo;t be changed. There is an unbreakable link between the asset and the identity of the participant for whom it was issued.<\/li>\n<\/ul>\n<p>So, NFAs and NFTs are definitely not the same. For instance, NFAs can be used to enable contact <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-baking/">baking on a blockchain. This is the case because the technology guarantees a completely secure and compliant translation of values <strong>from each client's account<\/strong> (which is implemented as its own distinct digital asset that only the client can retain) to the target account.<\/p>\n<p>Besides, NFAs differ from NFTs in that they can be held by anybody and can reflect more than one \"<strong>item<\/strong>.\" This is a game-changer for certain organizations. Storage certificates, for instance, may now be supplied to customers safely and without the danger of tampering.<\/p>","definition":"The term non-fungible assets refers to non-fungibility within a group of similar assets being produced by a single party.","status":"published","meta_title":"What are Non-Fungible Assets? Definition & Meaning | Crypto Wiki","meta_description":"Non-Fungible Assets meaning: Non-Fungible Assets - The term non-fungible assets refers to non-fungibility within a group of similar assets being produced by a single party.","meta_keywords":null}" :prev-section="{"id":537,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Proof_of_stake","level":"hard","author_id":1,"created_at":"2023-06-19T06:59:00.000000Z","updated_at":"2024-01-09T13:34:48.000000Z","slug":"what-are-nominators","title":"What are Nominators?","section":"N","keyword":"Nominators","content":"<p>A nominator is <strong>one of the two major actors <\/strong>who are involved in a <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-blockchain/">blockchain network<\/strong><\/a> (the other being a <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-validator/">validator) that uses the nominated Proof-of-Stake (NPoS) consensus algorithm. To be exact, NPoS is the process of <strong>picking validators to enable them to take place in the consensus protocol<\/strong>. Besides, nominated Proof-of-Stake is a type of <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-proof-of-stake-pos/">Proof-of-Stake (PoS)<\/strong><\/a> and it is utilized in blockchains such as Polkadot, Kusama, or Edgeware.<\/p>\n<p>In initial PoS networks, the <strong>capability of an entity<\/strong> that is validating or <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-mining/">mining network transactions relies on the number of network <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-token/">tokens they possess. Meaning that the bigger amount of tokens of that network is kept by the miner or validator, the more mining capacity they have.<\/p>\n<p>This feature is also used in other <strong>similar decision-making processes<\/strong>, including <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-governance/">governance functions when validators vote on suggestions for future upgrades of the network.<\/p>\n<p>However, in the majority of the ecosystems, as some integrations of <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-are-decentralized-autonomous-organizations-dao/">decentralized autonomous organizations (DAOs)<\/strong><\/a> have showcased, not all validators or miners utilize their voting power in each decision-making process. This might be the case since they are <strong>unable or unwilling to commit the time or money<\/strong> necessary to examine, research, or grasp the frequently complex technical aspects essential for some judgments.<\/p>\n<p>A proposed solution for that was NPoS, a form of PoS that involves the process of nominating validators who are permitted to participate in the consensus procedure. <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-substrate/">Substrate-based blockchains<\/strong><\/a> are the most well-known users of NPoS.<\/p>\n<p>The most important roles in NPoS are played by <strong>validators and nominators<\/strong>. All validators in the active set receive the same number of rewards. The validator's commission charge is subtracted from these benefits. The <strong>remaining rewards are awarded proportionally to nominators<\/strong> based on their investment.<\/p>\n<p>Since incentives are allocated equally to validators based on their total stake, nominators stand to receive more rewards for nominating less-established validators with lesser stakes supporting them. This encourages nominators to search for a more varied selection of validators rather than nominating the same ones for each batch.<\/p>\n<p>Those who do not follow the rules, on the other hand, are disciplined, <strong>diminishing the benefits for nominators<\/strong>. This motivates nominators to undertake thorough research on validators in order to find those who are well-behaved.<\/p>\n<p>NPoS are able to upgrade the decentralization of blockchain networks this way, by increasing the decision-making capacity, as well as maintaining equality through rationalized expression.<\/p>\n<p>Likewise, validators establish and safeguard the network while also managing the services it provides through the generation of new <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-block/">blocks and the validation of <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-parachain/">parachain blocks. They are continually operational, employing the network's native tokens to sustain them as validators and to incentivize their continued adherence to the protocol's regulations.<\/p>\n<p>Even though <strong>failure to follow the rules<\/strong> penalizes them with \"slashing,\" following the rules rewards them with a share of the fees collected by using the network's services.<\/p>\n<p>Nonetheless, in NPoS, validators have to be chosen to take part in every active set, which is a particular period of time that usually becomes lengthy at latter block heights. So, nominators can also be considered token owners but they are <strong>not actively taking part in consensus<\/strong>. Rather than that, they utilize their economic support to nominate the validators that they selected to be assigned for active slots.<\/p>","definition":"are one of the two major parties participating in a blockchain network that employs the nominated Proof-of-Stake (NPoS) consensus mechanism.","status":"published","meta_title":"What are Nominators? Definition & Meaning | Crypto Wiki","meta_description":"Nominators meaning: Nominators - are one of the two major parties participating in a blockchain network that employs the nominated Proof-of-Stake (NPoS) consensus mechanism.","meta_keywords":null}" :model="{"id":559,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Custodian_bank","level":"medium","author_id":1,"created_at":"2023-06-19T06:59:00.000000Z","updated_at":"2023-12-10T10:52:09.000000Z","slug":"what-is-non-custodial","title":"What is Non-Custodial?","section":"N","keyword":"Non-Custodial","content":"<p><strong>Non-custodial<\/strong> is a service that does not require a third party to hold custody over the assets of a customer during the duration of a transaction or other financial services. The process occurs by using trustless <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-smart-contract/">smart contracts<\/strong><\/a>. They are blockchain-based self-executing programs without a central authority.<\/p>\n<p>While custodial services require a centralized figure to possess the assets of a customer for safekeeping or management, non-custodial services are decentralized as they do not rely on any intermediaries. Non-custodial services are preferred in the crypto industry due to lower risks and a higher level of decentralization.<\/p>\n<p><strong>Custodial services pose numerous risks<\/strong>, such as censorship, confiscation, or increased processing time. Some examples of custodial services are <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-centralized-exchange-cex/">centralized exchange platforms (CEXs)<\/strong><\/a> such as Coinbase and Binance, digital asset management services like PayPal, or fiat-backed <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-stablecoin/">stablecoins, such as Tether (USDT) or the USD Coin (USDC).<\/p>\n<p><strong>Non-custodial services are trustless<\/strong>, meaning that they do not rely on any centralized authorities. Furthermore, they are censorship-resistant, cannot be confiscated, offer faster processing times, and do not pose the risk of insolvency or downtime. Decentralized services are considered to be less complex to use than custodial services.<\/p>\n<p><a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-decentralized-exchange-dex/">Decentralized exchange platforms (DEXs)<\/strong><\/a> like Uniswap or Binance Dex, are the prime examples of non-custodial services. <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-algorithmic-stablecoin/">Algorithmic stablecoins<\/strong><\/strong><\/a> like Dai (DAI) and Ampleforth (AMPL), digital asset management services such as Genesis Vision, and lending\/borrowing services like Compound also act as non-custodial.<\/p>\n<p>Customers can find non-custodial wallet solutions, which allow them to maintain full ownership over their crypto assets by holding both their <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-private-key-secret-key/">private keys<\/strong><\/a> and <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-recovery-seed/">recovery seeds<\/strong><\/a>. This includes both <strong>hot wallets<\/strong> like TrustWallet, and <strong>hardware wallets<\/strong> such as Ledger or Trezor.<\/p>\n<p>Custodial services provide customers with reliable recovery and security, as centralized services insure the assets in the event of theft or other malicious activities. Using non-custodial services may be riskier as some bugs or errors within the smart contracts may be used as exploits for theft.&nbsp;<\/p>\n<p>Furthermore, if the customer of a non-custodial service loses their access to the account, they may be unable to recover the funds. <strong>Custodial assets are easier to recover<\/strong> due to the identification methods available.<\/p>\n<p><a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-anti-money-laundering-aml/">Anti-money laundering (AML)<\/strong><\/a> regulations like the <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-fatf-travel-rule/">FATF Travel Rule<\/strong><\/a> directly affect custodial cryptocurrency services. This push toward regulation has piqued users&rsquo; interest in non-custodial solutions which offer anonymity.<\/p>","definition":"a decentralized service of holding assets or funds in a smart contract during a transaction or any other financial operation.","status":"published","meta_title":"What is Non-Custodial? Definition & Meaning | Crypto Wiki","meta_description":"Non-Custodial meaning: Non-Custodial - a decentralized service of holding assets or funds in a smart contract during a transaction or any other financial operation.","meta_keywords":null,"author":{"id":1,"user_id":1,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2023-05-11T07:18:20.000000Z","title":"Editor-In-Chief","slug":"aaron-s-editor-in-chief","description":"<p>Having completed a Master&rsquo;s degree on Economics, Politics &amp; Culture for the East Asia region, Aaron has written scientific papers with a comparative analysis of the differences between US&rsquo; Western and Japan&rsquo;s Collective forms of capitalism, 1945-2020.<\/p>\n<p>With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He&rsquo;s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.<\/p>\n<p>Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain &amp; Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.<\/p>\n<p>Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.<\/p>","user":{"id":1,"first_name":"Aaron","last_name":"S.","email":"aaron@bitdegree.org","email_sanitized":"aaron@bitdegree.org","email_verified_at":"2023-12-01T09:40:20.000000Z","must_verify_email":false,"is_registered_with_wallet":false,"status":"active","country":"LT","last_connected_ip":"88.119.132.125","image_id":2641,"referral_token":"05TMu2NysXOCn525","referred_by":null,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2024-01-09T15:22:21.000000Z","full_name":"Aaron S."}}}" :chapter-list="[{"id":1,"title":"Blockchain","slug":"blockchain","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-blockchain.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/blockchain-101.jpg","rating":100,"sections":[{"chapter_id":1,"order":1,"slug":"what-is-blockchain","title":"What is the Blockchain?","status":"published","modified_content":null},{"chapter_id":1,"order":2,"slug":"decentralized-blockchain","title":"Anonymous & Decentralized Blockchains: The Cornerstone of Crypto","status":"published","modified_content":null},{"chapter_id":1,"order":3,"slug":"blockchain-transaction","title":"What is a Blockchain Transaction in Crypto?","status":"published","modified_content":null},{"chapter_id":1,"order":4,"slug":"crypto-fees","title":"The Different Types of Crypto Fees Explained","status":"published","modified_content":null},{"chapter_id":1,"order":5,"slug":"what-is-bridging-in-crypto","title":"The Key Notion Behind the Concept of Bridging in Crypto","status":"published","modified_content":null},{"chapter_id":1,"order":6,"slug":"types-of-blockchains","title":"Different Types of Blockchains: What to Look Out For?","status":"published","modified_content":null}]},{"id":2,"title":"Cryptocurrencies","slug":"cryptocurrencies","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-cryptocurrencies.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/cryptocurrencies-101.jpg","rating":100,"sections":[{"chapter_id":2,"order":1,"slug":"what-is-a-cryptocurrency","title":"What is a Cryptocurrency?","status":"published","modified_content":null},{"chapter_id":2,"order":2,"slug":"how-does-cryptocurrency-work","title":"How Does Cryptocurrency Work?","status":"published","modified_content":null},{"chapter_id":2,"order":3,"slug":"is-cryptocurrency-a-good-investment","title":"Is Cryptocurrency a Good Investment? The Pros & Cons","status":"published","modified_content":null},{"chapter_id":2,"order":4,"slug":"coin-vs-token","title":"Coin VS Token: How Do They Differ?","status":"published","modified_content":null},{"chapter_id":2,"order":5,"slug":"what-are-stablecoins","title":"What are Stablecoins, Altcoins & Wrapped Coins?","status":"published","modified_content":null},{"chapter_id":2,"order":6,"slug":"what-is-a-bitcoin","title":"Bitcoin: the Pioneer of the Crypto World","status":"published","modified_content":null},{"chapter_id":2,"order":7,"slug":"what-is-ethereum","title":"The Ultimate Blockchain for dApp Creation: Ethereum","status":"published","modified_content":null},{"chapter_id":2,"order":8,"slug":"what-is-cardano-in-crypto","title":"What is Cardano and What is It Used For?","status":"published","modified_content":null},{"chapter_id":2,"order":9,"slug":"what-is-shiba-inu-coin","title":"Shiba Inu: the Dogecoin Killer","status":"published","modified_content":null},{"chapter_id":2,"order":10,"slug":"what-is-solana-in-crypto","title":"Is Solana an Improved Version of Ethereum?","status":"published","modified_content":null},{"chapter_id":2,"order":11,"slug":"what-is-polkadot-in-crypto","title":"The Bridge Between Blockchains: Polkadot","status":"published","modified_content":null},{"chapter_id":2,"order":12,"slug":"what-is-polygon-in-crypto","title":"Polygon: the Essential Scaling Solution for Ethereum","status":"published","modified_content":null},{"chapter_id":2,"order":13,"slug":"what-is-luna-crypto","title":"The Bumpy Road of Terra (LUNA)","status":"published","modified_content":null},{"chapter_id":2,"order":14,"slug":"what-is-fantom-crypto","title":"Is Fantom (FTM) Yet Another Ethereum Killer?","status":"published","modified_content":null},{"chapter_id":2,"order":15,"slug":"what-is-aave-crypto","title":"Aave: Crypto Lending Trailblazer","status":"published","modified_content":null},{"chapter_id":2,"order":16,"slug":"what-is-algorand-crypto","title":"Did Algorand Truly Solve the Blockchain Trilemma?","status":"published","modified_content":null},{"chapter_id":2,"order":17,"slug":"what-is-olympus-dao","title":"Does Olympus DAO Have Anything to Do With Mythology?","status":"published","modified_content":null},{"chapter_id":2,"order":18,"slug":"what-is-avax","title":"Is Avalanche Network (AVAX) Rightfully Called the Future of DeFi?","status":"published","modified_content":null},{"chapter_id":2,"order":19,"slug":"what-is-monero-coin","title":"Monero: Where Cryptocurrency Meets Cryptography","status":"published","modified_content":null},{"chapter_id":2,"order":20,"slug":"what-is-ripple-xrp","title":"Is Ripple \"it\" When it Comes to Cross-Border Transactions?","status":"published","modified_content":null},{"chapter_id":2,"order":21,"slug":"practical-use-of-cryptocurrencies","title":"The Practical Use of Crypto","status":"published","modified_content":null}]},{"id":3,"title":"Crypto Exchanges","slug":"crypto-exchanges","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-crypto-exchanges.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/crypto-exchanges-101.jpg","rating":80,"sections":[{"chapter_id":3,"order":1,"slug":"how-do-cryptocurrency-exchanges-work","title":"How do Cryptocurrency Exchanges Work?","status":"published","modified_content":null},{"chapter_id":3,"order":2,"slug":"dex-vs-cex","title":"DEX VS CEX: Two Sides of the Crypto Exchange Industry","status":"published","modified_content":null},{"chapter_id":3,"order":3,"slug":"crypto-day-trading","title":"Crypto Day Trading: The Difference Between Buying, Trading, and Swapping","status":"published","modified_content":null},{"chapter_id":3,"order":4,"slug":"kyc-crypto","title":"KYC & AML: The Key to Complying With Legal Industry Standards","status":"published","modified_content":null},{"chapter_id":3,"order":5,"slug":"how-to-buy-crypto","title":"From Fiat to Crypto: How to Buy Crypto for the First Time","status":"published","modified_content":null},{"chapter_id":3,"order":6,"slug":"fiat-to-crypto","title":"Taking Profits: Turning Crypto Into Fiat","status":"published","modified_content":null},{"chapter_id":3,"order":7,"slug":"how-to-use-crypto","title":"You\u2019ve Got Crypto: What Can You Do With It?","status":"published","modified_content":null}]},{"id":4,"title":"Crypto Wallets","slug":"crypto-wallets","updated":false,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-crypto-wallets.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/crypto-wallets-101.jpg","rating":80,"sections":[{"chapter_id":4,"order":1,"slug":"what-is-a-crypto-wallet","title":"What is a Crypto Wallet?","status":"published","modified_content":null},{"chapter_id":4,"order":2,"slug":"hot-wallet-vs-cold-wallet","title":"Hot Wallet VS Cold Wallet: Which One to Pick?","status":"published","modified_content":null},{"chapter_id":4,"order":3,"slug":"non-custodial-wallet","title":"What are Non-Custodial Crypto Wallets?","status":"published","modified_content":null},{"chapter_id":4,"order":4,"slug":"what-is-metamask","title":"Metamask: The Leading Non-Custodial Wallet","status":"published","modified_content":null},{"chapter_id":4,"order":37,"slug":"how-safe-is-cryptocurrency","title":"The Key Crypto Wallet Safety Practices: How Safe Can Crypto Be?","status":"published","modified_content":null}]},{"id":5,"title":"NFTs","slug":"nfts","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-nfts.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/nfts-101.jpg","rating":100,"sections":[{"chapter_id":5,"order":2,"slug":"how-to-trade-nfts","title":"NFT Trading: The Ins and Outs","status":"published","modified_content":null},{"chapter_id":5,"order":3,"slug":"buying-nft","title":"Tips and Tricks of Choosing the Right NFTs","status":"published","modified_content":null},{"chapter_id":5,"order":4,"slug":"how-to-store-nft","title":"How to Store NFTs: Best Practices","status":"published","modified_content":null},{"chapter_id":5,"order":5,"slug":"how-to-create-an-nft","title":"How to Create Your Own NFTs?","status":"published","modified_content":null},{"chapter_id":5,"order":6,"slug":"how-to-make-passive-money-with-nft","title":"Making Passive Money with NFTs","status":"published","modified_content":null}]},{"id":6,"title":"dApps & Defi","slug":"dapps-and-defi","updated":true,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-dapps.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/dapps-defi-101.jpg","rating":80,"sections":[{"chapter_id":6,"order":1,"slug":"what-are-nfts","title":"What are Non-Fungible Tokens (NFTs)?","status":"published","modified_content":null},{"chapter_id":6,"order":1,"slug":"what-is-defi","title":"What is Decentralized Finance (DeFi)?","status":"published","modified_content":null},{"chapter_id":6,"order":2,"slug":"what-is-defi-2-0","title":"DeFi 2.0: The New Version of Decentralized Finance","status":"published","modified_content":null},{"chapter_id":6,"order":3,"slug":"what-are-dapps-in-crypto","title":"What Are dApps and How Do They Work?","status":"published","modified_content":null},{"chapter_id":6,"order":4,"slug":"defi-dapps","title":"Picking the Right dApps: Dos and Don'ts","status":"published","modified_content":null},{"chapter_id":6,"order":5,"slug":"what-is-web-3-0","title":"Web 3.0: The Future of the Internet","status":"published","modified_content":null},{"chapter_id":6,"order":6,"slug":"what-are-smart-contracts","title":"What is the Core Purpose of Smart 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