Microtransaction
By CoinGecko | Updated on Mar 03, 2020
Microtransaction is a system that made very small payments possible in buying the common digital goods and services, such as purchasing items in a game.
Related Terms
Venture Capital
capital (funds) that is invested in a company that needs a substantial pool of funds to initiate.
Zero Knowledge Proof
Cryptographic proof for 2 parties to verify a value without revealing what the value is.
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.
Proof of Stake (PoS)
A consensus algorthm that assigns block validation queue based on the coins/token locked in by the validator.
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