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applications.</p>\n<h2>How Do Web Apps and Native Apps Differ?</h2>\n<p>Essentially, <strong>web apps are more accessible.</strong> This is because they can be accessed via a web browser which means that there’s no need to download or install web apps on computers or mobile devices.</p>\n<p>Besides, <strong>web apps are hosted online.</strong> This makes them easy to update. Also, it means that they can be utilized across a variety of devices and operating systems.</p>\n<p>Native apps <strong>must be downloaded and installed</strong> on the user's device. Thus, most of the apps that you've installed on your mobile device are native apps.</p>\n<p>Native apps work in sync with the device's hardware and native features. Because of that, they are <strong>faster and perform better than web apps.</strong> Though keep in mind that native apps<strong> are not always compatible</strong> with every device. Besides, they are more costly to create.</p>\n<h2>What About Progressive Web Applications (PWA)?</h2>\n<p>In a nutshell, PWAs combine the greatest features of native and web apps, thus, they are <strong>dependable, fast, and engaging.</strong> They are compatible with any browser that follows the most primitive browser standards. Besides, they're <strong>compatible with any device </strong>overall. Also, it's important to note that they appear to look more like native apps than web apps.</p>\n<p>Usually, PWAs employ <strong><a href=https://www.bitdegree.org/"https://en.wikipedia.org/wiki/HTML/" target=\"_blank\" rel=\"nofollow noindex noopener\">HTML</a>, <a href=https://www.bitdegree.org/"https://en.wikipedia.org/wiki/CSS/" target=\"_blank\" rel=\"nofollow noindex noopener\">CSS</a>, and <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-javascript/">JavaScript. These programming languages allow them to operate at a faster rate and provide additional features.</p>\n<p>PWAs have various benefits compared to the usual web apps:</p>\n<ul>\n<li>They are constantly updated</li>\n<li>They can run in the background</li>\n<li>They can be shared solely with a link</li>\n<li>They aren’t entirely reliant on an internet connection</li>\n</ul>\n<p>Besides, PWAs can improve the analytics of a webpage in terms of page views. This is the case because they go against web traffic. Native applications, for example, cannot do that.</p>","level":"medium","meta_title":"What is Progressive Web application (PWA)? 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Thus, their decisions usually provide mediocre results if they are a part of a team. Prisoner's dilemma is especially popular in <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-game-theory/">
game theory</strong></a>.</p>\n<p>The following is the standard situation of the prisoner's dilemma. It was proposed by mathematicians Melvin Dresher and Merrill Flood. Later it was codified by Albert W. Tucker.</p>\n<p><em>Two criminal gang members are apprehended and held in separate rooms for questioning. There are no other witnesses. The authorities only have enough evidence to convict one of the criminals. However, they can only do that if the other criminal testifies against them. The authorities make a deal with each criminal. They have two options – betraying the other criminal by testifying that he committed the crime; or cooperating with the other criminal by remaining silent.</em></p>\n<p>There could be<strong> three potential endings:</strong></p>\n<ul>\n<li><strong>Both criminals end up serving two years each.</strong> This would happen if they betray each other.</li>\n<li><strong>Both criminals end up serving one year each.</strong> This would happen if they both remain silent.</li>\n<li><strong>One criminal is set free</strong> because he betrays the other. However, <strong>the other criminal ends up serving three years</strong> because he remains silent.</li>\n</ul>\n<p>Betrayal is more rewarding than working the other criminal. Thus, it’s reasonable to believe that all completely rational criminals will betray each other. This would leave only one potential outcome: <strong>both prisoners betraying one other.</strong> On paper, an individual reward should result in a better outcome. However, in the prisoner's dilemma, <strong>individual reward results in a worse individual outcome.</strong></p>\n<p>Many situations in the economy deal with the prisoner's dilemma. However, over time, a variety of strategies have been established to prioritize the collective good over individual rewards.</p>\n<p>In real-life examples, the majority of interactions are repeated multiple times. A prisoner's dilemma can also occur several times. When this happens, it's called an <strong>iterated prisoner's dilemma.</strong> In this case, individuals are able to apply techniques that provide rewards for collaboration.</p>\n<p>The rewards that individuals get can also be modified by using institutional techniques. Prisoner’s dilemma can be guided towards a more collectively advantageous solution by knowing the collective goals. The ability to accomplish cooperative behavior through various sets of rules is also important to reach a solution that is advantageous to a group of individuals.</p>","level":"medium","meta_title":"What is Prisoner's Dilemma? Definition & Meaning | Crypto Wiki","meta_description":"Prisoner's Dilemma meaning: Prisoner's Dilemma - an illustration of why two people might refuse to cooperate, even if it appears to be in their best interests.","meta_keywords":null,"language":"en","created_at":"2022-05-24T06:02:11.000000Z","updated_at":"2022-06-07T11:49:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-prisoners-dilemma"},"currentChapter":"P","currentSection":"what-is-private-sale","chapterTitle":"P","readingLevel":"easy"},"url":"/crypto/learn/crypto-terms/what-is-private-sale","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0"> Crypto Terms: Letter P
What is Private Sale?
Private Sale MEANING:
Private Sale -
a private early-stage investment opportunity for a limited number of strategic investors.
Let's find out Private Sale meaning, definition in crypto,
what is Private Sale,
and all other detailed facts.
A private sale is a sale of coins or tokens to a limited number of early investors. These sales are typically unscheduled and hidden from the general public. Private sales are organized by blockchain companies. The companies determine which investors they want to invite. The idea is to get early investors to support a certain project in exchange for cryptocurrency that has the potential to generate substantial profits.
Private sales benefit both investors and businesses because:
- Institutional investors can provide large cash to businesses. This allows them to build various projects.
- In comparison to the traditional crowd and public sales, investors obtain significantly lower crypto prices.
- The discounted rates indicate that, when the coins are distributed to the general public, there is a chance of receiving quick and significant returns.
However, private sales have been criticized for excluding average investors. Besides, concentrating large amounts of cryptocurrencies in the hands of a few individuals exposes the coins or tokens to price manipulation. In addition, the tokens are exposed to various schemes such as the Pump and Dump (P&D) scheme.
