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
Transaction Fee
A payment to the network for performing a transaction to be recorded on the blockchain.
Mt. Gox
Mtgox or Mt. Gox was one of the first websites where users could take part in fiat-to-bitcoin exchange (and vice versa).
Merkle Tree
A Merkle tree is also known as a hash tree in cryptography. It is a tree where every lead node is labelled with cryptographic hash of a data block, and every non-leaf node is labelled with the hash of the labels of its child nodes. It is used to verify of data stored within it and transferable in and between computers.
Dump
A common term used to describe downward market movement, or to describe the action of selling an individuals holdings.
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