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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.

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Related Terms

Decentralized Finance (DeFi)
Decentralized Finance (DeFi) refers to the movement of building decentralized financial applications that have no central authority and is censorship free.
Distributed Ledger Technology (DLT)
Describes the technology that enables distributed ledger.
Smart contracts
Self executing contracts on the blockchain without needing human executors or notary.
Wallet address
The address in which cryptocurrency can be stored, sent to and receive.
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