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
Decentralized Autonomous Organization (DAO)
Open source and decentralized systems that do not require centralized operators or controllers.
Salt (cryptography)
In cryptography, a salt is the additional random input that is added to password or passphrase to make the password hash unique. It prevents from the hashed output password to be cracked so easily by the hacker.
Smart contracts
Self executing contracts on the blockchain without needing human executors or notary.
Virtual AMM (vAMM)
The vAMM functions similarly like an AMM but does not contain an actual asset pool.
Hungry for more knowledge?
Back to Glossary or Subscribe to our newsletter.