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
Cold Storage
Offline storage of cryptocurrencies which is arguably safer as they also require physical access (eg. hardware wallet, paper wallets)
Decentralized
A system where there are no centralized points of failure or organization with no central authority figure.
Web3 Wallet
Web3 Wallet is the software that allows you to interact with web 3.0.
Offline Staking
Staking without needing to be connected to the blockchain
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