Who is a merchant in payments and cryptocurrencies?
A merchant is a trade or service business that accepts payment cards and, in many cases, cryptocurrencies. The term comes from the English word merchant.
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What is a merchant account or trade account?
A merchant account is a special trade account for a business used to accept non-cash payments by cards and over the internet. It links the seller to the payment infrastructure and the acquiring bank.
What is a microtransaction in cryptocurrencies?
A microtransaction is a payment of a very small amount, often less than the minimum monetary unit. Such operations are unprofitable for traditional payment systems because of fees, while cryptocurrencies make them feasible.
What is a millibitcoin (mBTC) and how much is it in bitcoins?
A millibitcoin (mBTC) is one thousandth of a bitcoin, that is, 0.001 BTC. This fractional unit is used to conveniently display small amounts in this cryptocurrency.
What is Mt. Gox in the history of Bitcoin?
Mt. Gox is one of the first and largest Bitcoin exchanges, based in Japan. Its closure after a major loss of funds became one of the most famous events in the history of cryptocurrencies.
What is multisignature (multisig) in cryptocurrencies?
Multisignature is a technology in which carrying out a transaction requires not one but several signatures with different private keys. It noticeably increases the security of storing crypto assets.
What is instamine in cryptocurrencies?
Instamine is an unfair distribution of coins at the very earliest stage of a project's launch, when a large share of the issuance ends up with a narrow circle of participants. This undermines trust in the currency.
What is an API (Application Programming Interface)?
An API is a software interface that allows developers to use the ready-made functions of one service inside another application. In the crypto industry, APIs are used to connect data from exchanges, wallets, and analytics.
What is chop (a flat) in the crypto market?
Chop is short-term price swings within a narrow price range that, as a rule, do not lead to a sustained move up or down. The price seems to "dangle" between nearby levels.
What is Ether (ETH) in cryptocurrencies?
Ether (Ether, ETH) is the native cryptocurrency of the Ethereum blockchain platform, the second most important in the industry. In traders' jargon there are playful distortions of the name — "kefir," "efir," "zemfir" — but they always refer to one asset.
