Microchain
Microchains are small, efficient blockchains that work together using the same group of validators. In this setup, one group creates new blocks, while another group checks and confirms them.
More terms under M
- Metcalfe’s LawMetcalfe’s Law explains that a network becomes more valuable as more people join it, meaning each user benefits more when there are more users connected.
- Micro CapA micro cap is a cryptocurrency or digital asset with a very small market value, meaning it is less established and typically has a lower price compared to…
- MicroBitcoin (uBTC)MicroBitcoin, or uBTC, is a tiny part of a bitcoin. It is equal to one millionth of a bitcoin, which means 0.000001 of a bitcoin. It is not a separate version…
- MicropaymentA micropayment is a very small online transaction, often worth just a tiny amount, like a fraction of a cent.
- MicrotransactionA microtransaction is a way to make tiny payments for small digital items or services, like game upgrades or parts of an ebook.
- Mid CapMid cap refers to cryptocurrencies that have a market value between $1 billion and $10 billion.
Educational definition. Protocol rules and market conventions can differ; check an asset's official documentation.