Application Programming Interface (API)
By Cryptomcmillan1 | Updated on May 24, 2020
It is a software that acts like an intermediary or a bridge that lets two applications talk to each other. It is the one that lets applications, data and devices interact. For example, the price you see at CoinGecko is the API that calls the data from our server and in return, it will response to you with the requested price.
Related Terms
Off-chain
It refers to transactions occuring outside the blockchain and executed instantly.
Multisignal (multi-signature)
They are wallets that require more than one key for transactions to be authorized.
Mining Pool
Combination of resources of several miners to obtain a higher mining power and thus achieve greater rewards for the opening of blocks.
zkOracle
A zkOracle is an advanced concept in blockchain technology that combines the properties of oracles with the principles of zero-knowledge proofs.
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