Composability
By CoinGecko | Updated on Aug 13, 2021
Composability refers to the ability to combine different components of a software stack. A platform is composable if its current resources can be utilized as building blocks and programmed into more complex applications.
Related Terms
BitLicense
Refers to the business license issued by the New York State Department of Financial Services (NYSDFS) to companies dealing with Cryptocurrencies (subject to certain exceptions) in New York.
Decentralized
A system where there are no centralized points of failure or organization with no central authority figure.
Emission
The speed/rate at which new coins are minted and released as dictated by the protocols written.
Ethereum Name Service (ENS)
Ethereum Name Service (ENS) is a look-up service that allows Ethereum users to find websites or send and receive funds via simple names.
Hungry for more knowledge?
Back to Glossary or Subscribe to our newsletter.