Crypto Terms:
Letter M
What is Microtransaction?
Meaning:
Microtransaction -
a business model of making payments in very small sums for goods and services.
Let's find out Microtransaction meaning, definition in crypto, what is Microtransaction, and all other detailed facts.
A microtransaction is a business model used to make very small payments for digital goods and services. Microtransactions are commonly used in digital games to buy small items such as skins or boosters. Some platforms accept cryptocurrencies as a valid method of payment. Bitcoin (BTC) holders can use Satoshis to cover very small payments.
cryptocurrencies with market capitalization between $1 billion and $10 billion. Market capitalization is a metric that determines the true worth of a cryptocurrency. The main three categories of market cap are small-cap, <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-mid-cap/">mid-cap, and <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-large-cap/">large-cap. All crypto assets on price tracking platforms fall under one of the three categories.<\/p>\n<p>Market cap is used to determine the dominance and popularity of a cryptocurrency. It can be calculated by multiplying the total number of <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-token/">tokens by their price. Circulating cap, a metric that reveals the difference between the total number of tokens currently in circulation and their overall <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-max-supply/">max supply<\/strong><\/a>, can also be used.<\/p>\n<p>The categorization by market cap means that crypto assets are grouped according to their risk factor and popularity. Some of the underlying factors of a market cap are the strength of the crypto project, its fundamental values, <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-volatility/">volatility, <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-liquidity/">liquidity, and responsiveness to market trends.<\/p>\n<p>Mid-cap crypto assets have a market capitalization ranging between $1 billion and $10 billion. Such projects are perceived as well-established and are expected to expand in the new future. Tezos (XTZ), Monero (XMR), and VeChain (VET) are some of the most popular mid-cap crypto assets at the time of writing.<\/p>\n<p>Although the market capitalization of mid-cap crypto assets is smaller than that of large-cap cryptocurrencies, their <strong>growth potential is greater<\/strong> as they are seen to be continuously increasing their market and use cases.<\/p>\n<p>Mid-cap crypto assets can be perceived as risky due to their potential to depreciate. Their value can fluctuate due to the lack of establishment compared to large-cap crypto assets.<\/p>\n<p>Mid-cap cryptocurrencies can be used to diversify a crypto portfolio as they tend to perform well over time. However, this is not a guarantee of all mid-cap crypto assets, so further research into individual coins is highly recommended.<\/p>\n<p>Although there have been many notable examples of mid-cap crypto assets growing significantly, it’s not unlikely for them to disappear from the market due to depreciation.<\/p>\n<p>Aside from market capitalization, some other criteria are used to determine the popularity and dominance of a crypto asset. More subjective factors, such as the team involved in the project, its fundamentals, technical aspects, and value proposition can also play an important role in determining the popularity of a coin.<\/p>","definition":"a metric used to determine the market value of cryptocurrencies with a market capitalization ranging between $1 billion and $10 billion.","status":"published","meta_title":"What is Mid-Cap? Definition & Meaning | Crypto Wiki","meta_description":"Mid-Cap meaning: Mid-Cap - a metric used to determine the market value of cryptocurrencies with a market capitalization ranging between $1 billion and $10 billion.","meta_keywords":null}"
:prev-section="{"id":495,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Micropayment","level":"medium","author_id":1,"created_at":"2023-06-19T06:59:00.000000Z","updated_at":"2023-10-17T23:16:00.000000Z","slug":"what-is-micropayment","title":"What is Micropayment?","section":"M","keyword":"Micropayment","content":"<p><strong>A micropayment<\/strong> has been identified as a means to improve the quick online transfer of royalties, gratuities, pay-per-click advertising, small-scale freelancing services, and cryptocurrency exchanges.<\/p>\n<p>Depending on the company, <strong>the definition or size of a micropayment may change<\/strong>. For example, some organizations might define micropayments as transactions worth less than a dollar, while others may define the value as $10 or $20.<\/p>\n<p>In terms of the concept itself, technology futurist and philosopher <strong>Ted Nelson<\/strong> <strong>invented micropayments in the 1960s<\/strong> as a method for individual copyrights on internet material. He had imagined micropayments in the ten-thousandths of a cent range. This tiny size would enable customers to pay for online content and the establishment of low-cost networks.<\/p>\n<p>The most recent technological advancements have greater attention and participation in the digital world. Fintech, or financial technology, is an emerging business devoted to making financial products accessible to all users at a low cost.<\/p>\n<p>The platforms created for micropayments operate in several ways:<\/p>\n<ul>\n<li>Firstly, micropayments can be used when a merchant or payment provider has an established account with <strong>a<\/strong> <strong>third-party micropayment supplier<\/strong> that gathers, saves, and administers the payments. Such payments are saved in a digital <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-wallet/">wallet maintained by the supplier until they aggregate to a bigger sum, at which point they are paid out to the beneficiary.<\/li>\n<li>Then there's the approach that uses a prepaid method. In this case, a user opens <strong>an account with a micropayment processor<\/strong> and deposits a certain quantity of funds into the account. When the provider is used by an e-commerce platform, the user's account with the provider can simply be deducted from the dollar amount of the transaction. This signifies that the user pays using a micropayment processing account.<\/li>\n<\/ul>\n<p>All in all, in contrast to an advertising-based strategy, micropayments allow consumers to pay for online content and enable the establishment of low-cost networks.<\/p>","definition":"a small transaction (can be less than a dollar or even a fraction of a cent) that is made online.","status":"published","meta_title":"What is Micropayment? Definition & Meaning | Crypto Wiki","meta_description":"Micropayment meaning: Micropayment - is a small transaction (can be less than a dollar or even a fraction of a cent) that is made online.","meta_keywords":null}"
:model="{"id":510,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Microtransaction","level":"easy","author_id":1,"created_at":"2023-06-19T06:59:00.000000Z","updated_at":"2023-10-17T23:18:21.000000Z","slug":"what-is-microtransaction","title":"What is Microtransaction?","section":"M","keyword":"Microtransaction","content":"<p>A <strong>microtransaction<\/strong> is a <strong>business model<\/strong> used to make <strong>very small payments<\/strong> for digital goods and services. Microtransactions are commonly used in <strong>digital games<\/strong> to buy small items such as skins or boosters. Some platforms accept <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-cryptocurrency/">cryptocurrencies as a valid method of payment. <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//buy-bitcoin-btc/">Bitcoin (BTC)<\/strong><\/a> holders can use <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-satoshi-sats/">Satoshis to cover very small payments.<\/p>","definition":"a business model of making payments in very small sums for goods and services.","status":"published","meta_title":"What is Microtransaction? Definition & Meaning | Crypto Wiki","meta_description":"Microtransaction meaning: Microtransaction - a business model of making payments in very small sums for goods and services.","meta_keywords":null,"author":{"id":1,"user_id":1,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2023-05-11T07:18:20.000000Z","title":"Editor-In-Chief","slug":"aaron-s-editor-in-chief","description":"<p>Having completed a Master’s degree on Economics, Politics & Culture for the East Asia region, Aaron has written scientific papers with a comparative analysis of the differences between US’ Western and Japan’s Collective forms of capitalism, 1945-2020.<\/p>\n<p>With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.<\/p>\n<p>Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.<\/p>\n<p>Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.<\/p>","user":{"id":1,"first_name":"Aaron","last_name":"S.","email":"aaron@bitdegree.org","email_sanitized":"aaron@bitdegree.org","email_verified_at":"2023-12-01T09:40:20.000000Z","must_verify_email":false,"is_registered_with_wallet":false,"status":"active","country":"LT","last_connected_ip":"88.119.132.125","image_id":2641,"referral_token":"05TMu2NysXOCn525","referred_by":null,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2024-01-09T15:22:21.000000Z","full_name":"Aaron S."}}}"
:chapter-list="[{"id":1,"title":"Blockchain","slug":"blockchain","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-blockchain.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/blockchain-101.jpg","rating":100,"sections":[{"chapter_id":1,"order":1,"slug":"what-is-blockchain","title":"What is the Blockchain?","status":"published","modified_content":null},{"chapter_id":1,"order":2,"slug":"decentralized-blockchain","title":"Anonymous & Decentralized Blockchains: The Cornerstone of Crypto","status":"published","modified_content":null},{"chapter_id":1,"order":3,"slug":"blockchain-transaction","title":"What is a Blockchain Transaction in Crypto?","status":"published","modified_content":null},{"chapter_id":1,"order":4,"slug":"crypto-fees","title":"The Different Types of Crypto Fees Explained","status":"published","modified_content":null},{"chapter_id":1,"order":5,"slug":"what-is-bridging-in-crypto","title":"The Key Notion Behind the Concept of Bridging in Crypto","status":"published","modified_content":null},{"chapter_id":1,"order":6,"slug":"types-of-blockchains","title":"Different Types of Blockchains: What to Look Out For?","status":"published","modified_content":null}]},{"id":2,"title":"Cryptocurrencies","slug":"cryptocurrencies","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-cryptocurrencies.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/cryptocurrencies-101.jpg","rating":100,"sections":[{"chapter_id":2,"order":1,"slug":"what-is-a-cryptocurrency","title":"What is a Cryptocurrency?","status":"published","modified_content":null},{"chapter_id":2,"order":2,"slug":"how-does-cryptocurrency-work","title":"How Does Cryptocurrency Work?","status":"published","modified_content":null},{"chapter_id":2,"order":3,"slug":"is-cryptocurrency-a-good-investment","title":"Is Cryptocurrency a Good Investment? The Pros & Cons","status":"published","modified_content":null},{"chapter_id":2,"order":4,"slug":"coin-vs-token","title":"Coin VS Token: How Do They Differ?","status":"published","modified_content":null},{"chapter_id":2,"order":5,"slug":"what-are-stablecoins","title":"What are Stablecoins, Altcoins & Wrapped Coins?","status":"published","modified_content":null},{"chapter_id":2,"order":6,"slug":"what-is-a-bitcoin","title":"Bitcoin: the Pioneer of the Crypto World","status":"published","modified_content":null},{"chapter_id":2,"order":7,"slug":"what-is-ethereum","title":"The Ultimate Blockchain for dApp Creation: Ethereum","status":"published","modified_content":null},{"chapter_id":2,"order":8,"slug":"what-is-cardano-in-crypto","title":"What is Cardano and What is It Used For?","status":"published","modified_content":null},{"chapter_id":2,"order":9,"slug":"what-is-shiba-inu-coin","title":"Shiba Inu: the Dogecoin 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Crypto","status":"published","modified_content":null}]},{"id":3,"title":"Crypto Exchanges","slug":"crypto-exchanges","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-crypto-exchanges.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/crypto-exchanges-101.jpg","rating":80,"sections":[{"chapter_id":3,"order":1,"slug":"how-do-cryptocurrency-exchanges-work","title":"How do Cryptocurrency Exchanges Work?","status":"published","modified_content":null},{"chapter_id":3,"order":2,"slug":"dex-vs-cex","title":"DEX VS CEX: Two Sides of the Crypto Exchange Industry","status":"published","modified_content":null},{"chapter_id":3,"order":3,"slug":"crypto-day-trading","title":"Crypto Day Trading: The Difference Between Buying, Trading, and Swapping","status":"published","modified_content":null},{"chapter_id":3,"order":4,"slug":"kyc-crypto","title":"KYC & AML: The Key to Complying With Legal Industry Standards","status":"published","modified_content":null},{"chapter_id":3,"order":5,"slug":"how-to-buy-crypto","title":"From Fiat to Crypto: How to Buy Crypto for the First Time","status":"published","modified_content":null},{"chapter_id":3,"order":6,"slug":"fiat-to-crypto","title":"Taking Profits: Turning Crypto Into Fiat","status":"published","modified_content":null},{"chapter_id":3,"order":7,"slug":"how-to-use-crypto","title":"You\u2019ve Got Crypto: What Can You Do With It?","status":"published","modified_content":null}]},{"id":4,"title":"Crypto Wallets","slug":"crypto-wallets","updated":false,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-crypto-wallets.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/crypto-wallets-101.jpg","rating":80,"sections":[{"chapter_id":4,"order":1,"slug":"what-is-a-crypto-wallet","title":"What is a Crypto 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The Ins and Outs","status":"published","modified_content":null},{"chapter_id":5,"order":3,"slug":"buying-nft","title":"Tips and Tricks of Choosing the Right NFTs","status":"published","modified_content":null},{"chapter_id":5,"order":4,"slug":"how-to-store-nft","title":"How to Store NFTs: Best Practices","status":"published","modified_content":null},{"chapter_id":5,"order":5,"slug":"how-to-create-an-nft","title":"How to Create Your Own NFTs?","status":"published","modified_content":null},{"chapter_id":5,"order":6,"slug":"how-to-make-passive-money-with-nft","title":"Making Passive Money with NFTs","status":"published","modified_content":null}]},{"id":6,"title":"dApps & Defi","slug":"dapps-and-defi","updated":true,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-dapps.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/dapps-defi-101.jpg","rating":80,"sections":[{"chapter_id":6,"order":1,"slug":"what-are-nfts","title":"What are Non-Fungible Tokens (NFTs)?","status":"published","modified_content":null},{"chapter_id":6,"order":1,"slug":"what-is-defi","title":"What is Decentralized Finance (DeFi)?","status":"published","modified_content":null},{"chapter_id":6,"order":2,"slug":"what-is-defi-2-0","title":"DeFi 2.0: The New Version of Decentralized Finance","status":"published","modified_content":null},{"chapter_id":6,"order":3,"slug":"what-are-dapps-in-crypto","title":"What Are dApps and How Do They Work?","status":"published","modified_content":null},{"chapter_id":6,"order":4,"slug":"defi-dapps","title":"Picking the Right dApps: Dos and Don'ts","status":"published","modified_content":null},{"chapter_id":6,"order":5,"slug":"what-is-web-3-0","title":"Web 3.0: The Future of the Internet","status":"published","modified_content":null},{"chapter_id":6,"order":6,"slug":"what-are-smart-contracts","title":"What is the Core Purpose of Smart Contracts?","status":"published","modified_content":null},{"chapter_id":6,"order":7,"slug":"what-is-a-dao-in-crypto","title":"The Notion of a Decentralized Autonomous Ogranization (DAO)","status":"published","modified_content":null},{"chapter_id":6,"order":8,"slug":"what-is-staking-in-crypto","title":"What is the Goal of Staking Crypto Assets?","status":"published","modified_content":null},{"chapter_id":6,"order":9,"slug":"what-is-liquidity-pool-in-crypto","title":"What is a Liquidity Pool and How Does It Work?","status":"published","modified_content":null},{"chapter_id":6,"order":10,"slug":"what-is-automated-market-maker","title":"Automated Market Maker: the Cornerstone of the Decentralized Crypto Exchange Industry","status":"published","modified_content":null},{"chapter_id":6,"order":11,"slug":"what-is-yield-farming-in-crypto","title":"The Main Yield Farming 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Cryptocurrencies?","status":"published","modified_content":null},{"chapter_id":7,"order":2,"slug":"how-to-invest-in-crypto","title":"Investing in Crypto: What Investing Options Do You Have?","status":"published","modified_content":null},{"chapter_id":7,"order":3,"slug":"ico-vs-ido","title":"ICO vs IDO vs IEO: Which One is the One?","status":"published","modified_content":null},{"chapter_id":7,"order":4,"slug":"what-is-an-airdrop","title":"What are Crypto Airdrops and How to Get Them?","status":"published","modified_content":null},{"chapter_id":7,"order":5,"slug":"how-to-get-free-crypto","title":"How to Get Free Crypto Assets?","status":"published","modified_content":null},{"chapter_id":7,"order":6,"slug":"how-to-arbitrage-crypto","title":"What is Crypto Arbitrage: The Main Principles","status":"published","modified_content":null},{"chapter_id":7,"order":7,"slug":"what-is-a-perpetual-contract","title":"Perpetual Contracts: Futures Contracts Without an Expiration 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Mining?","status":"published","modified_content":null},{"chapter_id":9,"order":3,"slug":"what-is-staking-crypto","title":"An Advanced Look into What is Staking Crypto","status":"published","modified_content":null},{"chapter_id":9,"order":4,"slug":"what-is-proof-of-stake-vs-proof-of-work","title":"Proof-of-Work VS Proof-of-Stake: The Differences That Matter","status":"published","modified_content":null},{"chapter_id":9,"order":5,"slug":"what-is-crypto-mining-rig","title":"Crypto Mining Rig: What It is and How to Build One?","status":"published","modified_content":null}]},{"id":10,"title":"Crypto Terms","updated":false,"chapter":"crypto\/assets\/crypto-book\/chapters\/crypto-101-glossary.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/crypto-glossary-101.jpg","rating":100,"sections":["A","B","C","D","E","F","G","H","I","J","K","L","M","N","O","P","Q","R","S","T","U","V","W","X","Y","Z"]}]"
current-chapter="M"
current-section="what-is-microtransaction">
