Interoperability
By Cryptomcmillan1 | Updated on May 24, 2020
Interoperability refers to the property of product/systems that are able to work with products/systems that are different without any restrictions. In the context of cryptocurrencies, it is commonly referred to as the ability for a blockchain to be able work with other blockchains.
Related Terms
Crowdsale
This type of auction has a fixed price per token that is sold on a first-come-first-serve basis.
Transactions Per Second (TPS)
It is number of transactions done per second. For example, there are 10 transactions of Bitcoin done in 1-minute. The TPS would be 10 transactions/60 seconds = ~0.17 TPS.
ERC-721
ERC-721 is one of the most widely used token standards in Ethereum to create non-fungible, exchangeable tokens.
Non-custodial
It is a decentralized type-of-wallet, where the users owns its private keys.
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