Open Source
By CoinGecko | Updated on Mar 03, 2020
Open-source software is a type of software released under a license in which the copyright holder grants users the rights to study, change, and distribute the software to anyone and for any purpose. It is also a philosophy, with participants believing in the free and open sharing of information in pursuit of the greater common good.
Related Terms
Staking
The state of locking-in significant amount of token to participate as a validator of a Proof-of-Stake network.
Blockchain
In Bitcoin's case, blockchain describes its decentralized, public ledger which contains transactional information.
Block
In the context of blockchain, block refers to the collection of transactional data or information that are bundled together in a predetermined size.
Decentralized Finance (DeFi)
Decentralized Finance (DeFi) refers to the movement of building decentralized financial applications that have no central authority and is censorship free.
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